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Just heard this outside ...."didn't you hear the news last night ?"
The employee, who moved to the trading floor from the back office in 2006, helped with the investigations throughout the weekend, said Mustier, who didn't identify the trader and said he doesn't know where he is now.
The trader didn't enrich himself from the fraudulent trades, which began in early 2007, and his motivations are unclear, Bouton said at the press conference.
'Breached' Controls
He ''breached five levels of controls,'' Christian Noyer, the governor of the Bank of France, said at a press conference today. He described the trader as ''a computer genius'' and said he was told he was ''on the run.''
Could this be the explanation for monday's crash ?
