Tasty1

Paxum won't be infected, but the service with the wirecard debetcard could be. Remember when Visa blocked Epassporte cards for months. Wirecard also have deals with Visa/master. If a bail out is needed it could take weeks/months/years before you get that money back. Under German/EU banking license 100.000 euro is insured and will be paid, but how long will that take.. When a lot of peope start getting their money out, cards will be blocked cause won't be enough cash.

If you need the money, get it out. Just to be sure you have cash when needed. That is what i would do. There is a change that they just might go bankrupt this weekend already. I think the government will step in when needed. I was already looking how much other banks are involved, but can't short Softbank stocks (they have 1 billion stocks wirecard). Deutsche bank is not involved for much money, (150 million), but you never know. In Holland when 1 bank fails, the other must help (pay). Could have big concequences. For sure the German government is busy now looking at all scenarios. With the EU, cause the deposit quarantee system now could force banks from other countries to step in to pay. The Germans where always against this, afraid that they might have to pay to bad banks in other countries like Italy / Greece. Till they saw how bad their own Deuthsce Bank was doing, than they started supporting it. And than this, nobody expected that this Wirecard bank could fail, theye are more worth on the stock market than Deutsche Bank, at least till now.

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