Comments on: BREAKING NEWS: Ginko Financial Converts Everyone’s Cash To Bonds http://sltimes.wordpress.com/2007/08/09/breaking-news-ginko-financial-converts-everyones-cash-to-bonds/ Wed, 01 Oct 2008 00:08:05 +0000 http://wordpress.org/?v=MU hourly 1 By: Benjamin Duranske http://sltimes.wordpress.com/2007/08/09/breaking-news-ginko-financial-converts-everyones-cash-to-bonds/#comment-3496 Benjamin Duranske Fri, 10 Aug 2007 07:12:38 +0000 http://sltimes.wordpress.com/2007/08/09/breaking-news-ginko-financial-converts-everyones-cash-to-bonds/#comment-3496 This is silly. You pulled down your earlier post encouraging deposits when Ginko finally went belly up. Now, you're running this? Out of all the news, you choose to focus on the phrase from their press release: "Ginko Financial will bounce back from this?" Not the bonds they forced people into at a fraction of the value of their deposits. Not the obvious fraud here. Not even a puff piece about how management was a bunch of misguided kids. So how much do you have with Ginko anyway? It seems fair to disclose that, so readers can evaluate whether it's impacting your coverage. This is silly. You pulled down your earlier post encouraging deposits when Ginko finally went belly up. Now, you’re running this?

Out of all the news, you choose to focus on the phrase from their press release: “Ginko Financial will bounce back from this?”

Not the bonds they forced people into at a fraction of the value of their deposits. Not the obvious fraud here. Not even a puff piece about how management was a bunch of misguided kids.

So how much do you have with Ginko anyway? It seems fair to disclose that, so readers can evaluate whether it’s impacting your coverage.

]]>