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> At the same time I have some sympathy for the BaFin people, there are way too few of them and the opposition was very well versed in showing one face whilst a

> At the same time I have some sympathy for the BaFin people, there are way too few of them and the opposition was very well versed in showing one face whilst actually being something completely different, the length to which these characters would go to show a good face was beyond anything that I would have normally imagined. I mean, they weren't versed enough to fool many Wirecard shorts or financial journalists, who had a lot less authority and power to investigate the inner workings of the company. Maybe in the absence of these warnings they could be excused for missing it. But when you get it handed to you on a silver platter?

TazeTSchnitzel 6y ago
To be clear, I'm not alleging this was the case and have no basis on which to suggest it, but it's not all that unlikely they could have been coerced or bribed, right? But that might be a stretch.
pintxo 6y ago
Let's face it, the FT is published in English, and I would not be irritated at all if BaFin was still looking to issue a call for proposals to find a translator to translate the FT articles into German, on the day the whole scam was finally exposed by EY deciding it was not worth the risk anymore.