|Posted - 2010.06.07 08:21:00 -
Thought exercise: If EBANK had made, through great prowess in trading, a praeternatural recovery, making *pulls number out of air* 500% on frozen assets, would the action still have been a morally correct one
Thought exercise: how many in EvE have a smidge of honor? Of honesty?
EBANK were put in their situation by
- the one-man-wonder that was their good but also their doom
- their lack of control on their own accounts
- the identical-to-RL-bank behavior of "we know we are too big to fail".
At this point they could:
- have blamed Ricdic and some of their directors and happily close the doors in the face of thousands of depositors (the obvious thing general players would do in EvE)
- HTFU and slowly recover, hot sh!t being thrown at them left and right.
Just the fact they went for the latter, it shows that they are not innocent (who is?) but are not as low as the rest of EvE's general playerbase are.
Essentially what the BoD have said is that the money in EBANK does NOT belong to those who deposited it, rather it belongs to them
That is true though. People willingly "donated" money to EBANK. They are just in denial to consider themselves gullible after it revealed not to be the smartest thing ever.
Basically this destroys even the illusion of trust needed for a bank to operate in Eve and coupled with incredibly bad PR has, I suspect, dealt a death blow to Eve banking at least in the short to medium term
Trust does not come when things go well.
Trust comes when *despite* things going apesh!t, someone deals with them and fixes the situation.
This also happens for bonds and IPOs.
They guys (multiple examples, starting with Sugar) who started / gotten fail IPOs on their neck, people who had deaths in their family etc. etc. and still endure - maybe not optimally but still endure - those are the real worth of trust.
EBANK-ers are not probably going to get back to AAA+ rating but it's very possible that - given good returns enough - people will actually re-invest in them again.
If they prove they could survive two death blows, people will not leave that unnoticed.
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