Wirecard files for insolvency after financial hole laid bare

Re:Wirecard files for insolvency after financial hole laid bare by roenxi on Thursday June 25, 2020 @06:48AM (#23639121)

Billions of dollars just turned out not to be there. I'm going to throw out a challenge to the idea that the "little man" was the loser here on the basis that little men do not have billions of dollars to lose. Someone bigger than little lost here.

If every man, woman and child in Germany chipped in $1,000 that still isn't a billion dollars.

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Re:Wirecard files for insolvency after financial hole laid bare by siegfried-en on Thursday June 25, 2020 @06:51AM (#23639148)

It'd be around 80 billion dollars, actually

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Re:Wirecard files for insolvency after financial hole laid bare by pgrulich on Thursday June 25, 2020 @06:57AM (#23639175)

I think he confused the us billion (10⁹) with the german billion (10¹²) ;)

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Re:Wirecard files for insolvency after financial hole laid bare by mratsim on Thursday June 25, 2020 @08:18AM (#23639770)

What? So what do German use for 10^9, Milliarden?

In French we use Milliard for billion and Trilliard for Trillions (and millions for millions).

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Re:Wirecard files for insolvency after financial hole laid bare by tilolebo on Thursday June 25, 2020 @08:33AM (#23639908)

Wow, French living in Germany for over 10 years, never realized that Billion meant something else here.

I guess I'm not rich enough, ahah.

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Re:Wirecard files for insolvency after financial hole laid bare by detaro on Thursday June 25, 2020 @08:20AM (#23639780)

yep. Millionen, Milliarden, Billionen, Billiarden, Trillionen, Trilliarden

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Re:Wirecard files for insolvency after financial hole laid bare by linjus on Thursday June 25, 2020 @09:40AM (#23640604)

but he used "billions" correctly in the first sentence

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Re:Wirecard files for insolvency after financial hole laid bare by siegfried-en on Thursday June 25, 2020 @07:47AM (#23639524)

Yeah, that's probably it!

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Re:Wirecard files for insolvency after financial hole laid bare by corty on Thursday June 25, 2020 @06:56AM (#23639173)

Pension funds, general investments, small-time stockholders will loose money, and all that does affect the "little man". It is just indirect and hidden enough that most won't complain.

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Re:Wirecard files for insolvency after financial hole laid bare by jpoesen on Thursday June 25, 2020 @06:56AM (#23639169)

How many people do you think live in Germany?

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Re:Wirecard files for insolvency after financial hole laid bare by marton78 on Thursday June 25, 2020 @07:18AM (#23639307)

Less than 8,000 apparently.

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Re:Wirecard files for insolvency after financial hole laid bare by bildung on Thursday June 25, 2020 @07:49AM (#23639538)

Common mistake if you come from a language using the long scale: https://en.wikipedia.org/wiki/Long_and_short_scales

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Re:Wirecard files for insolvency after financial hole laid bare by fastball on Thursday June 25, 2020 @08:08AM (#23639689)

I guess instead of saying "a billion dollars" we should say "1 Gigadollar"

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Re:Wirecard files for insolvency after financial hole laid bare by rudiv on Thursday June 25, 2020 @08:37AM (#23639948)

Mmm, I'd like to spend no more than half a kilorupeee on dinner.

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Re:Wirecard files for insolvency after financial hole laid bare by BrandoElFollito on Saturday June 27, 2020 @11:46AM (#23662531)

I was surprised the first time I read about crore and lakh, they take some time to get used to.

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