Write-Offs: 03.25.08

Posted by Bess Levin, Mar 25, 2008, 5:54pm

$$$ Deals: Paced by the Pit, Paper, and Pepsi
In our M&A Roundup for the week ended March 23, M&A volume doubles as the three biggest deals bring new owners for the New York Merc, Weyerhauser assets, and a Russian juice brand. [CFO.com]

$$$ Welcome to the fourth branch of government [NewsGroper]

$$$ SocGen loves rogue traders until they lose money. [Bloomberg]

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Comments

Posted by JorgeCad, Mar 25, 2008 6:18PM

thx for the bit on SocGen. This story fell under the radar today, but you picked it up.
This news is huge, read SocGen knew exactly what was going on. They chose to do nothing as long as dude made money. That is why only rogue traders that lose money are reported (credit to DB on that one).
Curious to see how SocGen manipulates this news.
My call, as in WWII, they will say surrender was the only option, even when they knew for months what was coming and did absolutely nothing.

Posted by NomadTrader, Mar 25, 2008 6:50PM

Same old shit - different day. SocGen is like everybody else [except Bear where the whole frickin firm was a rogue trade]. We're SHOCKED to find gambling in our establishment!!

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