News & Politics

Morning Links: Rogue French Trader Ordered to Repay $6.71 Billion; James Franco Does Drag


• Former Société Générale trader, the rather smoldering Jérôme Kerviel, has been sentenced to three years in prison and ordered him to repay $6.71 billion to the company for his role in one of history’s greatest trading scandals. He’s been banned from banking, and that amount would take him 180,000 years to pay at his current salary as a computer consultant. Which is so what credit cards are for, Kervi! [WSJ]

• After less than a full day of deliberation, jurors found Steven Hayes guilty of 16 of 17 counts for his invasion of the Cheshire, Connecticut, home of Dr. William Petit, and the murder of Petit’s wife and two daughters. The only crime Hayes wasn’t convicted of was arson. Six of the crimes make him eligible for the death penalty. [NYT]

• Carl Paladino has called Shelly Silver a crook for not disclosing his clients at personal injury firm Weitz & Luxenberg. Ed Koch stepped in in Silver’s defense. Meanwhile, the New York Times contemplates Paladino’s “softer edge.” [NYP]

• Yesterday, as President Obama spoke at Fortune‘s Most Powerful Women Summit in Washington D.C., his presidential seal fell off the podium. Hilarity ensued for a whole minute! [Observer]

• Today the Supreme Court will hear oral arguments regarding the question of free speech at funerals, as related to the 2006 protests of members of the Westboro Baptist Church, where the pastor believes U.S. soldiers’ deaths are God’s punishment for “the sin of homosexuality.” God-fearing members carried signs saying things like “God hates you” and “Thank God for dead soldiers” 300 feet away from a funeral for Lance Cpl. Matthew Snyder. [CNN]

• James Franco does drag on the cover of Candy magazine, and, as usual, looks good. [Pop Eater]

• A Park Slope dad and son sent a camera attached to a weather balloon into outer space, and filmed it. Eat that, Ballon Boy. [FIPS]

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