Lets get one thing straight - rogue trader or no, Jerome Kerviel does not accept responsibility for "all the turpitude of Société Générale." So says clarifies his lawyer, Guillaume Selnet.

Not that Kerviel has ever mollified his situation by claiming any accomplices to his activities - quite the opposite. Nor has he ever stated that there was any involvement from the bank at large.

So how then does Kerviel hope to, lets face it, shirk responsibility for his misdeeds? The key, his counsel claims is not complicity, but rather complacency at the bank.

Uh-huh. Good luck with that. But at least he's out of prison, right?

-- MDT

Labels: Jerome Kerviel, Societe Generale