It's time for SL residents to take a stand

well i dunno who put that ad in there but its recent as in i just took the snapshot.. like well 1 minute before the post..

If you want to use one definition of bank, then Ginko Financial most certainly is a bank. If you want to use another definition of bank, then Ginko Financial most certainly is not a bank. It's not sugar coating, BSing or anything of the sort.

You are right, I forgot I used the word bank on that ad. Now what? What does it actualy matter?

Bull Excrement.

http://legal-dictionary.thefreedictionary.com/bank



At the time you started this little mess you called a Bank the VAST majority of SL residents were from the United States.

Americans are still the Largest country of origin amound Second Lifers.

PLUS - I think theres a lot of countries with similar laws.

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I cant beleive you didnt know the word "BANK" meant more than "High Risk Investment Fund" from a trust standpoint.

I dont beleive it.



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Now Voodoo is right no one should have believed your scheme was a "Bank" but the name does mean something to people.

Several posts ago you said you were an honest person, a few posts ago you said you'd never referred to ginko as a bank but your ads all have the word bank in them.

thats why it matters

you cant say your honest and then contradict yourself in the same thread.

Well it does not matter anymore... You got want you wanted from using it, peoples money. So of course now it no longer matters. You think your slick and too a point you was I will give you credit there but it will turn around and bite you in the ass somehow. Not sure how it will all end but I am 99.9% sure you will not just end up walking away from this. I don't care where you live, there are international laws as well. Somebody is going to end up nailing your ass to the cross and lets see how slick that mouth of yours is then.

I have already said numerous times that Ginko Financial is out of cash. We do however, have a number of investments. The word bank is an accurate description of the way in which Ginko Financial operates. The fact you have some hang up regarding what the proper use of the word bank is, is irrelevant. You don't have to use if you don't want to.

See, now it IS a bank again...lol

Ok fine that all being said how do you plan to pay all these people back? Its a straight answer. Or for that matter do you plan to pay all these people back? Even that is a straight answer.

"I have already said numerous times that Ginko Financial is out of cash."

There's your answer. Now leave him alone. He's got a sim to fill with renters and some bonds to sell.

He does not have crap and the little stuff he does have you really think he is going to give to you or anyone else he owes? He is going to cash out what he has and run for the hills. His rep is trashed in SL now so he's got nothing to loose at this point.

Let me guess... "The checks in the mail" right?

always was a bank I clearly remember when i first came to SL how i was fascinated that they could actually run banks and i remember the name of the machine etc that was a year ago. I also clearly remember not being told it was a high risk investment when I stuck 1k lindens in it and this was also a year ago. Obviously these policies are kinda new thing is though that some account holders are not so new (older then me and my avatar gamewise) and they never agreed to what wasn't there umm I dont know how else to put it. Its possible the policies changed and they didn't see them i mean when they opened up the account it was open and i have no idea how much literatur is published in that thing I know I had an account with funds in it for many months (in fact I had forgotten about the 1k i stuck in until the spring of this year and decided to see if it had grown or i won the loto i had purchased tickets in) and got no notices of any policy changes.

/shrug

anyhow this thread is done and we should probably just leave it be cause well we are just going in circles lol i just well that bank think and that lady missing 200k lindens kinda well its upsetting to see this its not like she is new either her avatar is 2004

sounds like liquidation is a-commin

(i want my 0.48L$!)

I'm done with this forum.

If he was really going to get rid of items that this so called bank owns to turn it into cash to pay people back then why not just turn over the land and such to the people that he owes? He could divide it up and such but nope... I don't think so. Thats because this guy is going to cash out just like alot of the casinos did and head for the hills.

It does not matter what country he lives in, there are international laws on this type of thing and somebody is going to nail him. Its only a matter of time.

People need to start talking to their lawyers and getting a law suit going to first sue Linden Labs to force them to turn over internet records to get this guys ISP info. Then go after the ISP to get his real name and such. Then file a very large law suit on this guy.
Your done with this forum? Hell your done with SL. As soon as all the left over assests are gone so are you and we all know it.

good, you have bigger things to worry about

Bzzt! WRONGO! Thanks for playing, though.

There are quite a few different kinds of accounts, some of which have aspects of both checking AND investment accounts. Surely, you know what a NOW account is, correct?



Well, YOU do apply the term "bank" to Ginko Financial, so it must be relevant.



If you call Ginko a "bank", and you are using fractional reserve banking (or are pretending to), then you basically are running a checked deposit account bank, because FRB is the methodology by which those kinds of banks are run.

What is also inherent within fractional reserve banking is what happens when there is a run on the bank:



That said, what, exactly, is your reasoning for failing to do what is commonly accepted as the proper response for a FRB bank to a run? The run continues, your reserve is long gone, are all your assets long gone, too?



Oh, be still my basic heart. Please feel free to do your worst with high-financier-speak. I don't think we'll have any problems keeping up.

Methinks Raymond's sarcasm was lost on you.

I can't explain it without losing the subtle beauty of Raymond's post. It's like hitting someone in the head with a gold brick wrapped in the finest velvet.

My years of honing finely crafted sarcasm are finally being recognized. Thank you, Talarus.

Does that number add up to any significant portion of the ~L$150M liability you presently owe?



Oh, I see. It's a bank as long as the definition works for what you want it to mean, and not a bank for anything that you don't want it to mean. That is very interesting; I had no idea that we all were now officially using the Nicholas Portocarrero Ambiguous Dictionary of English Doublespeak. Do you have a linkie for it so I can study up, or should I just use a regular English dictionary and a fifth of Glenmorangie?

To quote another highly conscientious personage: "It depends upon what the meaning of the word 'is' is..."

If it did he would just list them.

A ginko is a little animal that lives in the woods. Shows you how much I follow these nonsense threads.

Yes, but you are the Certified Nutcase around here anyway, so....

IBTL

*makes bet for thread merger instead of lock*

*self ar's for gambling*