[w00t]

Second, the banks are insured(duh), so the individuals won't loose a cent.

Oh yes, money will magically appear because the banks are insured. I hope the ones responsible get caught.

36 mil is nothing to a bank.

[The High Roller]

Wow I wish I could make that kind of money.

[Kinanizer]

Second, the banks are insured(duh), so the individuals won't loose a cent.

Oh yes, money will magically appear because the banks are insured. I hope the ones responsible get caught.

36 mil is nothing to a bank.

If it wasn't a problem then it wouldn't be in the news, a bank losing 36mil is bad news.

[The High Roller]

Wow 36 Million is nothing to a bank? Are you insane!

[w00t]

Well, let's see. To a highly popular bank in the Netherlands, the ING Group, 36 million EU is 0.00281469898% of their net worth. To put that in perspective, let's say you make 100k a year. That would be a loss of < 300$ to you.

That's right, kids, there is actually more money in the world than you thought!

[Kinanizer]

Well, let's see. To a highly popular bank in the Netherlands, the ING Group, 36 million EU is 0.00281469898% of their net worth. To put that in perspective, let's say you make 100k a year. That would be a loss of < 300$ to you.

That's right, kids, there is actually more money in the world than you thought!

You've obviously never paid taxes, talk to me when you look at something other then 5th grade math.

[w00t]

>talking about how miniscule of a loss 36 million euro is to banks
>"shut up you've never paid taxes"

Very relevant.

As for the point I hope was behind that, yes, I do realize that in most of the countries the government is the insurer, but my original point was that individuals don't lose, the bank loses.

[Kinanizer]

>talking about how miniscule of a loss 36 million euro is to banks
>"shut up you've never paid taxes"

Very relevant.

As for the point I hope was behind that, yes, I do realize that in most of the countries the government is the insurer, but my original point was that individuals don't lose, the bank loses.

That's true, but banks losing are still bad news. Therefore you shouldn't say it doesn't matter.