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Societe Generale's Sales May Have Incited Market Plunge

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As panic swept European markets on Monday, word spread that a big hedge fund was in trouble and dumping stocks.

Someone was selling, all right -- Société Générale. The French bank was frantically unwinding an estimated $75 billion of bad bets on European stocks placed by a rogue trader, Jérôme Kerviel.

Read the whole story at New York Times