JÉROME KERVIEL BALANCE TOUT : «J'ALLAIS APPUYER SUR LA DÉTENTE DU FUSIL QUAND MON TÉLÉPHONE A SONNÉ»

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Summary

An in-depth interview with Jérôme Kerviel, the former Société Générale trader who discusses the events behind the 2008 financial scandal, his personal struggles, his journey to redemption, and his claims of innocence.

Highlights

Introduction and Early Career
00:00:00

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.

Life as a Trader and the Pressures of the System
00:07:41

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.

The Subprime Crisis and the Downward Spiral
00:29:11

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.

The Scandal Erupts
00:51:29

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.

Incarceration and Mental Health
01:28:30

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.

Renaissance and Continuing the Legal Fight
02:15:36

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.

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