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[EBANK] Not The Announcement - A Tim Burton Film

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Author	Thread Statistics \| Show CCP posts - 1 post(s)
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.11.22 17:33:00 - [1] I am very impressed with the liquidation option, as well as mostly everything else (but I'm not really interested in the rest besides the account suspension). However, the fees seem extremely unjustified to me. If you're concerned about ending up as an exchange for EBank speculation, then a fee for plural sales or liquidations seems justified, but I don't see how charging these hefty fees on 1 time sales or liquidations can be interpreted as anything but a punishing disincentive for withdrawing already decimated deposits. Considering that these cash-out options are meant to mollify some of the anger over staying open for self-interested reasons, these fees seem to defeat a lot of that purpose by making the cash-out options unnecessarily poor. As it stands, I don't think people will nor should appreciate the options, even if they choose to execute them.
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.11.22 19:22:00 - [2] Originally by: Mme Pinkerton wow I've juggled this idea around, and I have to say that it is pretty brilliant in both concept and detail. Some final form of this idea will definitely solve the issue. Well done.
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.11.23 14:26:00 - [3] I'm also starting to see some serious problems arising between buyouts and liquidations. I could buyout 40b worth of discounted deposits at say 20-25% of face value then clean out the liquidations at the start of the next month. Then I can buy up more for 20-25% from everyone who thought they could liquidate at 35%+, rinse and repeat.
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.11.23 17:05:00 - [4] If the API key is non-negotiable, then I don't see much point in debating it. A statement of dislike seems fine, though EBank has little rep to lose at this point, but pushing for a change in policy is wasted effort. I'm not trying to be condescending, I just think there are other issues that might be worth addressing. I guess if you really think the pressure will change their minds...I just don't.
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.11.23 19:34:00 - [5] Liberty's overall point is correct, despite the nauseating ideological overtones. However, this issue is long-dead. People argued that the decision to stay open will require actions whose consequences will result in a useless institution. EBank has decided to ignore these arguments and proceed regardless. While Liberty wasn't around at the time, the issue is still already decided. I would save your incisive objections for 1-2 years from now when EBank attempts to spin this debacle in their favor.
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.11.24 18:46:00 - [6] Originally by: Kalrand I think you are quite wrong about this. lol no kidding. The "everyone will complain no matter what, so all complaints are equally invalid" argument is stillborn.
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.11.24 18:55:00 - [7] Everyone who disagrees with extremely contentious policies and gets heated over weak or evasive responses is a troll.
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.11.24 20:28:00 - [8] A good PR man would probably tell you guys to stop debating the other side. Make a statement along the "we appreciate your concerns and input, but firmly believe that our policy is necessary and correct." Then close with a "we encourage people to post their comments and opinions, but we will no longer be responding to this specific issue". If you're acting unilaterally, then just state your position and walk away.
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.11.25 13:58:00 - [9] Originally by: LaVista Vista Originally by: Bitter Veteran If E-Bank was my dog i would hold it in a bucket of water until it stopped struggling and finally died. Dear Bitter Veteran, Thank you for your insightful and positive comment. We appreciate your feedback and will make sure to take it into consideration. Please do not hesitate to post again. Best Regards LaVista Vista HAHA! Awesome! That's how it's done. I lold.
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.11.28 04:21:00 - [10] Originally by: Catarrh Ague Ray, I note the following from section 8 of the EBANK Terms and Conditions: òEBANK reserves the right to modify this document at any time, but will ensure that any negatively affected customer's [sic] will be notified in advance and given the option to remove all funds from their EBANK account as a direct result of those negative changes. I was not notified of the requirement to provide my limited API prior to the institution of this requirement. I hereby call upon EBANK to fulfill this provision of the EBANK Terms and Conditions and return all monies that I have on account with EBANK. Best regards, Catarrh rofflemao

SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.11.28 06:09:00 - [11] Why are people still referring to EBank as an institution with something to lose? Get your ****ing ISK out and stfu. /drunkrant
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.11.28 06:35:00 - [12] Originally by: Amarr Citizen 155 Deer Leneerra Thanks for your concern regarding our T&C. I'm sorry that you missed the sarcasm of my modification to the T&C. I thought it was more than obvious that the T&C listed on our website was outdated considering it lists interest rates and other information that is not valid in the current EBANK environment. We are also short staffed, the current employees are more concerned with the health of the bank and the recovery effort than we are with updating information on our website. It's not because we don't want to, its because we are busy with more important matters. If you feel you could fill this void in our staff, please submit your application or send an evemail to Ray or Athre. Regards, Amarr Citizen 155 ...that was actually pretty good...genuinely good. not as easy as /finger though
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.11.28 18:50:00 - [13] How is recruitment going? It doesn't seem like you guys have a lot of people right now, not compared to the amount of work you have to do anyway. What's the general plan for making money over the next few months? I notice ventures are up, which is good. The kind of returns you guys need are going to be hard to get from loans. Any plans to bring in a badass trader or two to put the isk to use? Not expecting an official statement, just casually curious.
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.11.29 18:50:00 - [14] Originally by: SencneS unnecessary and deluded revisionist damage control One of your dumber and more self-deluded posts, which is saying a lot.
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.12.18 17:53:00 - [15] Originally by: Leneerra seems they now only have a bit over 600b in assets, dropping to a 31.something% in coverage? That's just API issues zeroing the liquid ISK, which was around 70b last time I checked.
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.12.29 15:53:00 - [16] Originally by: SencneS Welcome back to the thread... I try and avoid internet-lawyering as much as possible and there seem to be others willing to evaluate the validity of the damages claim, so I won't comment further. However, I will say, without assigning any blame to anyone, that this entire debacle is a perfect example of how generally damaging and corrosive the current state of the EBank issue is.
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.12.29 20:16:00 - [17] The last page or 2 is why I suggested generally-accepted summaries of issues to be presented for EBank to comment on. This is a daunting amount to process and respond to, and it's just from a few players over a few hours
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.12.30 12:38:00 - [18] Originally by: Rada Ionesco Do any of you know who might be in the market to do a A2P trade/buy for my account. Last I heard they were being bought for .40/1.00 isk value, but for the life of me I can't find the forum thread or posts where that was discussed. Linkage
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.12.30 13:13:00 - [19] Originally by: Varo Jan Cynical, yes. Possible, yes Yes, I find the idea of them knowingly engineering this outcome to be cynical. However, I strongly dislike the incentive structure, which is basically as you outlined minus the conscious deception, created by the current plan.
SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2009.12.31 21:15:00 - [20] Originally by: Dretzle Omega No offense, but you can't take out one default and say the rest were profitable. You have to look at the portfolio as a whole. Was the profit from the other loans greater than the 275B default? If the answer was no, then it was running at a loss and not a nice profit. I've "discussed" this point with Secnes a couple of times. When it was EBank vs everyone I took a similar stance. In light of the new detente, though, I am willing to see his point. I think his message is that the spread exists to make lending from deposits a viable possibility. Not that it did "work", but that it can.

SetrakDark Caldari DarkCorp Technology and Finance	Posted - 2010.01.09 02:35:00 - [21] Originally by: Kilsatro Are people just clinging to the hope they will ever get their money back? The people who can math good have taken the 40% offer from Ihatalo Cartel, which, afaik, is still on the table.
SetrakDark DarkCorp Holdings	Posted - 2010.02.16 03:54:00 - [22] 2009.11.22 Suspense Accounts After six months any balances remaining in suspense accounts will be written off. Suspense1,305,137,714,392 Retained Income(1,218,502,470,741) Did you guys expect so little to be claimed? This is crazy. I thought you'd burn off a few hundred bil; this looks like you might even end up in the black. Sort of a bittersweet "recovery", no? (This is as untrollish as I could be. I honestly tried)
SetrakDark DarkCorp Holdings	Posted - 2010.02.16 04:11:00 - [23] Originally by: Amarr Citizen 155 Originally by: SetrakDark 2009.11.22 Suspense Accounts After six months any balances remaining in suspense accounts will be written off. Suspense1,305,137,714,392 Retained Income(1,218,502,470,741) Did you guys expect so little to be claimed? This is crazy. I thought you'd burn off a few hundred bil; this looks like you might even end up in the black. Sort of a bittersweet "recovery", no? (This is as untrollish as I could be. I honestly tried) I might be a bit confused or a bit too drunk, but I thought we sc****d the idea to write off suspense accounts no? I think you were talking about keeping them recorded, but taking them off the red. My point was that in 3 months you'll be functioning normally, but 1.2tish will be unclaimed (wherever it is on the books).
SetrakDark DarkCorp Holdings	Posted - 2010.03.15 14:35:00 - [24] Originally by: Maneck StreetPreacher Typical (legit) investment and loan opportunities are relatively scarce. Far more scarce than Ebank's assets can buy up. Massive manipulation using their excess funds is really the only way they could ever make a go of it. Just off the top of my head, the 4 big collateralized loan providers on MD run about 750b, and that's a pretty small customer base. I believe expansionist lending houses could find trillions more in regular lending with aggressive marketing and networking. On the borrowing side, you only take on as much debt as you need, only keeping a reasonable buffer that allows you to lend without borrowing more first. The failure of past banks is due to the deposit model. Primarily because you take on more than you can handle to account for the high variability in deposits, thereby forcing you into riskier ventures to cover the constant interest payments. Secondly, the cost of tellering and liquid reserves outweigh the benefit of reduced interest rates. Long story short, what you are describing is precisely the failure of past banks. Successful banks will be lending houses who make profit from their spread, and specialize in connections with lenders and borrowers instead of novelty coding.
SetrakDark DarkCorp Holdings	Posted - 2010.03.15 21:33:00 - [25] Originally by: Grozen So much words when you can say it simple: Why are you not using the vast amounts of isk you have for short term manipulations that could earn you 10x the isk you make from your slow ventures? Because they're all industrialists, not traders. The thing is, it's the industrialists who pay out interest month after month on 100s of billions, while traders burnout after a few months of handling 10s of billions. The question isn't why they're following a sensible strategy for perpetually handling a huge sum of ISK; the question is why they decided to try and recover at all. Considering the 1.2t of unclaimed ISK after making people wait all these months, it was clearly the wrong decision.
SetrakDark DarkCorp Holdings	Posted - 2010.03.16 01:48:00 - [26] Originally by: Professor Leech I don't see any issue with ebank continuing to operate at this point. I'm sure there's some more comedy that can be milked out of this. 2/3 people can't even be bothered to claim their isk; this farce is long over. I accept that hindsight is20/20, but I firmly believe that all of these banking disasters could have been avoided with the proper application of reason.
SetrakDark DarkCorp Holdings	Posted - 2010.03.17 02:33:00 - [27] Originally by: Shiva Andromeda Without criticizing the decisions made, what is the rationale behind trying to recover? I dont understand how the current progress is worth the time and effort and negativity. What does anyone gain? Nothing. It was an obviously bad decision 6 month ago, and the result is what was predicted, but worse.
SetrakDark DarkCorp Holdings	Posted - 2010.03.17 09:15:00 - [28] Originally by: Amarr Citizen 155 tl;dr Too bad because he's bang ****ing on.

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