Sat, May 17 2008
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Published May 05, 2008 12:57 am - The trader behind the $7.5 billion loss suffered by a French bank is suing over his firing. Weird News: It's never my fault By Chuck Shepherd News of the Weird Jerome Kerviel told reporters in April that he is planning to sue Societe Generale bank in Paris for unfair dismissal, even though he is the “rogue” derivatives trader the bank says cost it the equivalent of about $7.5 billion by making risky, unauthorized deals that came to light in January and for which he is under indictment for fraud. Kerviel pointed to an independent investigator’s conclusion that SocGen management had ignored 75 warning signs about Kerviel’s trades and continued to support him, but SocGen said Kerviel doctored paperwork to disguise trades.
People Different From Us What Housing Crisis? “This is heaven on earth,” said one resident living on burned-out lava rocks about a mile from the oozing Kilauea volcano near Kalapana, Hawaii, explaining the lure that he and his neighbors feel, having built houses by hand, collected rainwater to drink, installed solar panels for power, and planted vegetables between the rocks for food. Said one of the semi-hermit residents, to an Associated Press reporter in March, “I’m more scared of people than I am a volcano.” Send your Weird News to WeirdNewsTips@yahoo.com or P.O. Box 18737, Tampa, FL 33679. 
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