JÉROME KERVIEL BALANCE TOUT : «J'ALLAIS APPUYER SUR LA DÉTENTE DU FUSIL QUAND MON TÉLÉPHONE A SONNÉ»
Summary
Highlights
Jérôme Kerviel reflects on his mental state during the 2008 crisis, his origins, and his path into finance, moving from middle office to an assistant trader role at Société Générale at the age of 23.
Kerviel explains the reality of a trader's life, the immense pressure to generate profit using the bank's capital, and the loss of his own identity as he became consumed by the need for financial results.
Kerviel details his realization of the subprime crisis, his massive failed bets, the accumulation of losses, and how the bank's internal systems allowed him to hide these losses under the 'carpet' with the complicity of his managers.
Kerviel recounts the weekend the scandal went public in 2008, the betrayal by his colleagues, his treatment as a scapegoat, and the subsequent legal battle that led to his conviction.
The discussion covers his time behind bars at la Santé, the devastating impact on his personal life, his thoughts of suicide, and the pivotal support of his family and close friends.
Kerviel describes his 1,400km walk across Italy as a meditative journey of self-forgiveness and rebirth, his ongoing quest for a legal revision of his case, and his current role as a speaker.