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Old 06-19-2020, 12:59 PM  
Major (Tom)
So Fucking Banned
 
Industry Role:
Join Date: Nov 2003
Location: Null
Posts: 32,493
Quote:
Originally Posted by ladida View Post
They're done. There's no "there will be". Its over for wirecard.

Now the issue remains if the banks that bought stocks as collateral will follow, as this clearly is happening to bail out firms.


I have a thought here. I have no dog in this fight so I can be objective here. This isn’t like SKNAB where they lost their ability to process visa. This is banking institution and a cog in the wheel in the german economy. Typically, in situations like this, it isn’t game over. Usually there is some kind of bailout. We will see though. As they say, the rich get richer.
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