There was some skepticism in the market about the trading fraud disclosure.As of two hours ago -- since shortly before 8 a.m. EST -- the passage is gone. What happened? Considering that the Journal coverage takes Société Générale's claim at face value as well, it's a shame The Times chose to remove a dissenting voice.
"I am sorry, but I have a hard time buying the fact that a trader was able to set up a 'secret trade' of €4.9 billion without anybody finding out," Ion-Marc Valahu, head of trading at Amas Bank, Switzerland, told Reuters.
Thursday, January 24, 2008
Redacted?
A version of David Jolly's story on the Société Générale fraud, published approximately five hours ago on nytimes.com, contains this passage:
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