Not only German regulators are like that... The bigger the country, the more absurd things get... Think Madoff, mortgage-crisis, etc. “The Big Short” and “Fool

Not only German regulators are like that... The bigger the country, the more absurd things get... Think Madoff, mortgage-crisis, etc. “The Big Short” and “Fooling Some of the People All of the Time” are quite interesting reads in that respect. And as one Finance professor once put it: “If you do business or buy stock in ‘the far east’, P/Ls and Balance Sheets are just fake”. Having seen what is done in some countries - yes, it’s insane.