by stocksncocks
Ok Guys, I`ll keep this short, since its all happening so fast right now.
Wirecard committed accounting fraud. They were not able to provide an autority approved balance sheet by the deadline tomorrow. This will allow all their creditors to ask back for theyr loans. Outstanding loans are 2 Billion, which Wirecard does not have. This will likely cause them to default.
The biggest creditors are Commerzbank and Deutsche. These Idiots took stocks instead of bonds as security. The Wirecard stock went down 60% today. Commerzbank -8% and Deutsche -3% as of now.
This event is big enough to send shockwaves through the worldwide financial sector. Just like Bear Stearns did back in 2008. Short Commerzbank. Short Deutsche. Short HSBC tomorrow. Short every fucking Bank on the Planet next week. Shit is about to hit the fan.
Edit:
Too many retards have called me an idiot for shorting wirecard right now. I AM NOT SHORTING WIRECARD! It could go single digits tomorrow. It could moon on Bancruptcy news. Short Commerzbank and Deutsche instead. Or in autist language:
$DB 6/26 9p
$DB 7/17 7p
If you can trade on eurex:
$CBK 7/17 3.5p
The Commerzbank play is way juicier.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence.
- Biden Just Politicized 401(k)s
- Fifty More US Banks on the Verge of Failing
- Fauci Admits: ‘I Got My 2nd Vax Yesterday, & I Feel Like Sh*t Today!’
- New York Times: “Stolen Valor: The U.S. Volunteers in Ukraine Who Lie, Waste and Bicker. James Vasquez, in fact, was never deployed to Kuwait…”
- Miami Beach braces for new spring break chaos after 2 murders in 36 hours
- US Authorities Weigh Expansion of Emergency Lending Facility Amid Banking Crisis
- ‘Largest Satanic Gathering in History’ Will Require Masks and Vaccinations
- AZ overturns election judgement to verify signatures
- IRAN WAR is about to start
- FRENCH GONE WILD – Let’s have some wine while…
Views: 11