Showing posts with label Hypo Real Estate. Show all posts
Showing posts with label Hypo Real Estate. Show all posts

Saturday, October 29, 2011

€55.5 Billion Recovered

Germany is 55.5 billion euros ($78.7 billion) richer than it thought due to an accountancy error at the bad bank of nationalized mortgage lender Hypo Real Estate (HRE), the German finance ministry announced today.

The Much Honored Bock McMillan, laird of Southern Charm and prince of Cascade Falls, laconic response when asked about this news was, "Bookkeeping isn't that easy, you know. Those of us who are accustomed to these large amounts of money sometimes make slight miscalculations. It must be expected, we are after all only human."