tag:blogger.com,1999:blog-4815867514277794362.post7493205810276141008..comments2024-03-08T06:18:28.125+11:00Comments on Bronte Capital: Olaf Scholz - the German Finance Minister is delusionalJohn Hemptonhttp://www.blogger.com/profile/03766274392122783128noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-4815867514277794362.post-68316459993903198582020-12-27T14:07:47.525+11:002020-12-27T14:07:47.525+11:00Similar thought: How about the way the Germans hav...Similar thought: How about the way the Germans have lost a packet on the new Berlin airport. Or on their green energy transformation thats been such a huge flop they need to quickly build new coal power stations.<br /><br />And in Australia: how about the TGA forcing Pan Pharma down the drain. Later, years later, they were found to be had regulatory overreach but by that stage too late - investors lost their money, Jim Selim lost his life, and no public servant sanctioned, sacked or thrown in prison. Great to be a regulator... the only time there is blowback is diddling the taxpayer with claims for sorting out your tax affairs.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-38039037357742399692020-08-15T10:14:22.235+10:002020-08-15T10:14:22.235+10:00Would be interesting to see how you analyze a stoc...Would be interesting to see how you analyze a stock.Leonardo Vosshttps://www.blogger.com/profile/17088973983576748272noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-48934163826898284372020-08-05T01:13:31.526+10:002020-08-05T01:13:31.526+10:00John John John, When are you going to realize that...John John John, When are you going to realize that these "frauds' you see are just a cover story or a front for global money laundering, mostly for the benefit of the Left, the group you support.<br /><br />BTW, The guy in the White House is exposing it everywhere.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-70199411946671919852020-06-23T19:48:48.396+10:002020-06-23T19:48:48.396+10:00Maybe not all is lost in Germany. The head of the ...Maybe not all is lost in Germany. The head of the German supervisory authority (BAFIN) did call the case an embarrassment for the country and his agency. He said the criticism of BAFIN's role is justified. That's a start.<br />(Report in German)<br />https://www.sueddeutsche.de/wirtschaft/wirecard-skandal-kommentar-1.4943938Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-68701190707816773752020-06-23T17:13:04.099+10:002020-06-23T17:13:04.099+10:00I’m genuinely interested in what happens in other ...I’m genuinely interested in what happens in other countries with this type of thing. If the German press printed a series of articles showing that a British or Australian company was a big fraud, what would happen? In the case of Wirecard, it would have been a couple of days work to verify if the reporting was correct. The regulator didn’t want to look because it didn’t want the responsibility of showing investors they had wasted their money and that a fast growing company was junk.Person_XYZnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-8148696987837294952020-06-23T13:05:07.338+10:002020-06-23T13:05:07.338+10:00'Financial regulator'
Is this the powder ...'Financial regulator'<br /><br />Is this the powder puff wielding BaFin?<br /><br />It makes APRA look like a Doberman PinscherCrocodileChuckhttps://www.blogger.com/profile/10762442097044797842noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-81916301027310928322020-06-23T11:23:04.649+10:002020-06-23T11:23:04.649+10:00Dear John,
I would hazard a guess that if you wou...Dear John,<br /><br />I would hazard a guess that if you would replace Wirecard with a Chinese company then you would see very high standards.<br /><br />Thank you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-11434734099341127842020-06-23T02:20:42.807+10:002020-06-23T02:20:42.807+10:00Standards for government performance are indeed in...Standards for government performance are indeed incredibly low. There is another state secretary Dr Scheuer who has quite obviously wasted 750 million Euro in taxpayer's money without any consequences so far. People here are now quite happy with anything better than Trump it seems. Standards for performances seem to go lower while standards for "appropriate" behaviour seem to rise. People like Scholz who believe in their own lies are quite popular, from a media point of view it is probably best for him to downplay the issue instead of trying to resolve the competence problem. Makrointelligenzhttps://www.blogger.com/profile/07305478203133746792noreply@blogger.comtag:blogger.com,1999:blog-4815867514277794362.post-60772947365001787272020-06-23T01:00:41.081+10:002020-06-23T01:00:41.081+10:00Had heard that MB was chummy with the regulator fr...Had heard that MB was chummy with the regulator from college (heard this from Germans with some first hand experience). A "made guy" I guess.<br /><br />Would love some classic Hempton forensic analysis of the equity value of WDI. Surprised bonds are trading so distressed yet equity still trading over 1bn. No real hard assets to speak of but I imagine that between the Citi acquiring businesses and some of the customer relationships there might be 500m - 700m of net realizable value beyond the cash? Litigation, law enforcement and just business disruption issues arising from the crisis though could easily impair all of that and then some....Anonymousnoreply@blogger.com