Trader J r me Kerviel
“I cannot believe my superiors were not aware of the sums I was betting, it’s impossible to generate such profits with small positions … in the course of normal activities, a trader cannot generate so much cash.”
Jerome Kerviel, the lonely Societe Generale trader who set fire to his employer’s balance sheet, burning 4.9-billion in a spree of uncovered index futures contracts, has divided France from top to bottom. via Globeinvestor.com
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Casino gambling facts:
- In Cuba, during the 1950's, the blackjack shoe was first introduced. The dealers in Cuba handled the cards really well and management thought that the dealers may be being a little too good to their friends. So, to curb their suspicions, management decided to use a "dealing box" which is currently known as a shoe.
- Riverboat casinos were first legalized in Iowa, then Illinois, followed closely by Missouri, Indiana, Louisiana, and Mississippi.
- The first recorded betting games were played with marked disks or bones (the forerunners of dice), and spinning wheels or shields.
- Playing cards are believed to have been invented in China and/or India sometime around 900 A.D. The Chinese are thought to have originated card games when they began shuffling paper money (another Chinese invention) into various combinations.
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