June 2009
3 posts
Regulators shut 5 more banks; 45 failures this... →
A Virtual Bank With Real Woes | NYTimes.com →
shadowfirebird:
‘Another big bank is the subject of a depositor run amid charges its chairman has run off with customers’ money. Thankfully, this scandal is taking place in Eve Online, a space-age virtual reality created by CCP, a games developer and Iceland’s coolest company. But these troubles in the ether may offer some valuable lessons for earthly banking and regulation.’
(Via The Morning...
“The government stands to earn even more when it sells the stock warrants it...”
– Bank bailout turns out to have been good business for U.S.