Comments on: Current Banking Situation http://sltimes.wordpress.com/2007/08/08/current-banking-situation/ Now with a new name! Sat, 19 Jul 2008 06:02:50 +0000 http://wordpress.org/?v=MU By: For Sale: Used Server, Has Historical Value « The Second Life Times http://sltimes.wordpress.com/2007/08/08/current-banking-situation/#comment-5640 For Sale: Used Server, Has Historical Value « The Second Life Times Thu, 17 Jan 2008 01:45:26 +0000 http://sltimes.wordpress.com/2007/08/08/current-banking-situation/#comment-5640 [...] case you don’t know, Ginko Financial folded after a bank run in August [...] [...] case you don’t know, Ginko Financial folded after a bank run in August [...]

]]> By: Yngwie Krogstad http://sltimes.wordpress.com/2007/08/08/current-banking-situation/#comment-3482 Yngwie Krogstad Thu, 09 Aug 2007 17:17:07 +0000 http://sltimes.wordpress.com/2007/08/08/current-banking-situation/#comment-3482 It's fact now. At least as far as the fact that everybody's funds are being converted to bonds, whether they like it or not. Check it out on their website. I, for one, do not believe a word of their assertion that this is "the only way forward." Just last week I made a pretty sizeable deposit, because nobody bothered to acknowledge the run on the bank that was already in progress. If they had, I never would have given them my money in the first place. So, now the people running illegal gambling operations have my money, and all I have are empty promises that they might actually buy a bond, which I most definately will not be able to sell for what it's worth, because I'm not allowed to have my money. Now that's really helpful. NOT Class action, anybody? It’s fact now. At least as far as the fact that everybody’s funds are being converted to bonds, whether they like it or not. Check it out on their website.

I, for one, do not believe a word of their assertion that this is “the only way forward.” Just last week I made a pretty sizeable deposit, because nobody bothered to acknowledge the run on the bank that was already in progress. If they had, I never would have given them my money in the first place.

So, now the people running illegal gambling operations have my money, and all I have are empty promises that they might actually buy a bond, which I most definately will not be able to sell for what it’s worth, because I’m not allowed to have my money. Now that’s really helpful. NOT

Class action, anybody?

]]>