PHILLIPS: Well, a rogue trader is being blamed for monumental fraud at one of France's biggest banks, monumental translates to more than $7 billion. The bank says that the trader did deals regarding stock futures that exceeded his trading limits, and then created false transactions to cover his tracks. The bank says that the man has confessed and is being fired, along with his supervisors. The next hour of CNN NEWSROOM starts right now.</s>LEMON: It's a deal, but not yet a law. Money from the government to spend however you like.</s>PHILLIPS: The key word is spend. Congress and the White House are counting on you to spend the U.S. economy back to prosperity. Hello, everyone, I'm Kyra Phillips at the CNN World Headquarters in Atlanta.</s>LEMON: And I'm Don Lemon. You're in the</s>CNN NEWSROOM -- 3: 00 Eastern time and we're still learning the details of that deal in Washington to put checks in the mail. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.voxantshop.com
French Bank Robbed By Own Trader