Just blame Bush, and I will produce endorphins.
Since they know the guy stole 4.9 billion, he put it somewhere. Just get it back.
Translation: He had a basic understanding of how this stuff works, which we big-wig executives lack. We never bother learning about it because it's beneath us.
SG found out on Friday. Euro futures were down over the weekend (read: illegal insider trading from leaks of this news).
Global markets were down on Monday and Tuesday as SG unwound those futures positions.
This was a correction due to a rogue trader in Europe, not from a sub-prime or bond insurer crisis in the U.S.