It's time for SL residents to take a stand

Oh yeah? Well I bet I'm *twice* as humble as you!

(Crap. I keep forgetting this forum is an official irony-free zone.)

Anyway, apropos nothing in particular: I'm somehow reminded of RL corporate bailouts... as I recall, Lockheed and Chrysler and maybe some others got some big government-backed "loans" at one point, decades ago. Of course, with WTO, that kind of state-sponsored largess is pretty much impossible now in RL, but... What if LL decided to simply print L$s to bail out GF? Yes, it would debase the currency to some degree, and it would be an inconvenient precedent to set publicly. But if one were responsible for "keeping up appearances" in the SL economy, one might consider a little directed injection of L$s to paper-over a rough patch.

In the RL examples, everything was very public, but here... well, a Linden might see some benefit in arranging this privately, perhaps with some "encouragement" of GF's current management to exercise their skills in another virtual world for a while, following a gracious retirement to "spend more time with the family." Everybody wins, right?

You must be referencing that point in the future when the entire Terms of Service are invalidated. Bummer. We're still here in 2007. At present the only thing invalidated was the arbitration clause. See how the invalidation of the arbitration clause made the rest of the Terms of Service go away? Hmm... looks like they're still there.

Yeah, until you get any of it in front of a judge those "opinion of many WITH law degrees" are just that... opinions. And, until that happens, residents are still bound to the Terms of Service (which they agreed to). They don't go away because someone _predicts_ they might go away in the future. We're stuck with the way they are at this point in fourth-dimensional space.

As the crux of this thread revolves around one resident insisting that the Lindens take action against another resident, whom the OP has never done business with, it's unlikely the Lindens would get involved (see: Terms of Service, Section 5.1). First off, there's no dispute to resolve. Second, no contract to be enforced.

Instead, it's a one-way demand by a member of the Busy Body Committee. One resident is insisting that the Lindens take action against another resident who has broken no rules.

Well, think about it... here's the scenario:

The market has been flooded with former casino real estate. Player A wants to accumulate as much former casino land as cheaply and quickly as possible, but wants to make sure Player N doesn't have the resources to also buy former casino land quickly and cheaply so Player A gets Player R to make some wild accusations in the Forums to start a run on Player N's bank, thus preventing Player N from having the resources to purchase any of the former casino land.

But that's just a scenario.

"On the other hand, if you are convinced that I spent all the money on a new sports car, then getting even 2.5% instead of 0% back would be quite a deal, wouldn't it?"---scam artist....errr "bank" owner's quote

Hehe

*snort*

I am not a busybody, I just hate banks and other scam artists.

Just listen to the guy, Jack explains that the only way to get your money out of Ginko is to lose 83% of it and he gives us the above quote! He says we should be happy with getting 2.5% back!

There is a sucker born every minute

The most delicious part, is the people defending his right to rip people off

Such as, "Don't pick on the scam artist! You are a busybody if you do!"

Or. "So what if he possibly criminaly walked away with 500,000 US dollars, whats it to you?!"

Its just too rich, I tell ya

hehe, now the interest rate at ginko is .01%

RFLMAO

Thats about 3.6% annual return.

As a trader on the lindex, I could give a much better rate of return!

Everybody, give ME your hard earned lindens!!!

*snort*

Um, right, because the only way anyone could possibly have an opinion that doesn't agree with yours is if they're a nosy busybody or part of a conspiracy.

Elex your in good form this last couple of days things were boring around here without you we were running low on trollers and name callers with you we only need one. Carry on then lol

holy cow!

Nic offered his solution. it's the one he came up with. it's the way it is. like it or not. it doesn't seem to be debatable, and every time he opens his mouth, it gets all twisted and attacked.

you are lucky he communicates at all.

if you don't like the solution, don't do it. ride out the storm. he promised to make good on his debt, and he's trying. give it a frikkin rest already.

i do have some questions, and wonder what other things could be going on that we don't know about, as i'm sure there are some (as i mentioned in another thread, at which point i was accused of being a troll *laffs*)... to be truthful, my ideas would be a good side plan for someone trying to raise at least $5000L per day, so they really aren't that far-fetched..... as hinted at several posts up by someone else, at that he's being stone-walled in a sinister fashion, of course.

Wonder if he considers Upton Sinclair and Ralph Nader busy-bodies?

Or maybe its okay if its something really serious, but when its just a few hundred thousand dollars its not.

I don't remember Upton Sinclair but Ralph Nader got rid of the Chevy Corvair which made me mad so I voted for him twice for president because it made the rest of the Democrats mad at him. I'm a conservative republican who can't vote for any politician from Texas for president as I remember the mess Lyndon Johnson made that we still pay for.

Waits for the hornets nest this will stir up, well maybe not most of the people here may not know who Lyndon Johnson is.

Do you really think I would bother posting here if I had walked away with 500k dollars? Would you? I would be in a tropical island trying to forget that Second Life even exists. Thankfuly I have a conscience which prevents me from either stealing wealth, or enjoying stolen wealth. As hard as it may be for you to believe this, it's the truth.

I, for one, am glad you are still here. Now give us a reason, other than your conscience for why we should invest in you?

Yet somehow not enough of a conscience to explain to your investors what you have their money invested in.

Him being here does not, by itself, prove the Ginko is not a Ponzi scheme.

Luckily for him he doesnt need to prove its not, others would have to prove it is.

Now can this girl have her money now?


Sincerely
Wilhelm Neumann
"Proud member of the busy body committee"

She will have her money in the exact same way any other accountholder will. When she made a deposit, she forfeited the right to have her money on demand. She also accepted the risk of up to complete loss of funds. Remember this when you discuss Ginko Financial. I am sick and tired of people who want something for nothing. The interest was a payment for the risk they were taking. They liked the interest and took it gladly but now that the risk shows up they start screaming this wasn't part of the deal. Well, it *was*.

has a serious ring of truth though...since player A is also beign asked to take over player Ns holdings.......

I am not defending this guy at all but I must say something on this... If you read the small print on his site... It clearly states...

Ginko Financial and its affiliated businesses are not registered in any way with any governmental organization.
Not warranted, guaranteed, or insured.

So if you gave him your money its your own damn fault. Again people... These are not real banks. Anyone can start one of these. Safe guard your money in a RL bank.

*was* as in past tense. You may be sick and tired, but what do you expect? People want answers and they want to be able to withdraw funds. How about you go back to making that happen instead of wasting time in flame wars here?

Yes, there is considerable risk for late joiners to ponzi schemes.

Disclosure was never part of the deal.

heh now if only the ones who started the "bank" panic were actual patrons....that point you are trying to make would be valid. so far i only see very few of them posting here.

If the un-named off-world investments, and in-world investments have such potential why wont he tell investors what they are and many will stop worrying about their money?

When?

its a bank she didn't buy bonds or make an investment she deposited money into a bank account.

Are you saying your not a bank?

you say account like its a bank. ?

she's also not asking for interest as of yet this looks like her deposit? you can keep the interest I dont think that is what she is worried about just give her the deposit lol

Yes, was in the past tense. As in,she already agreed to it. She can't say "I don't want any part in this!" because she already said "Sounds fine".