Speaking of not being able to handle prosperity, the first details of Jerome Kerviel’s testimony have been leaked:
As of Dec. 31, 2007, my gains had reached €1.4 billion ($2 billion), which I had not declared to the bank. At that point I had been overtaken by events and didn’t know how to present this to the bank. It represented undeclared cash of €1.4 billion. No one else had ever realized such a sum, which represented 50% of the total result of the equity-index division of SocGen. I didn’t know how to deal with it, I was happy and proud of myself, but I didn’t know how to justify it. Thus I decided not to declare it, and to hide the sum, I created an opposite fictional operation.
