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On Technical IssuesPosted by MadScientist (Düsseldorf, Germany) on 18 September 2008 in Architecture. Germany's state development bank KfW transferred 300 million Euros ($427 million approx.) to Lehman Brothers, only minutes before Lehman collapsed. D'oh! A few minutes later KfW officials tried to undo this transfer. Without success. 300 million Euros just thrown out of the window. Well, maybe they get 40 - 50 percent back from bankrupt's assets. D'oh! Officials of our Finance Ministry said, there were some technical issues responsible for this transfer. Of course: it's always this dang software that automagically transfers all these millions without further request. D'oh! Please do me a favour: forget all your beliefs of German efficiency, Teutonic thoroughness and the like. We're just fools. D'oh. -- *Actually it's written "Neuss" (speak it like 'noise' with a very sharp 's'), but I prefer the old notation with 'ß'. Download my coffee-table book of selected postings here. Enjoy! More MadScientist: eclecticimaging.tumblr.com
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