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Tasko Pal
Heron Corporation
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Posted - 2008.03.15 18:33:00 -
[1]
Edited by: Tasko Pal on 15/03/2008 18:33:31
 Originally by: TheVad
So someone could create a "Federal Deposit Insurance Corporation" if they choose and if they banks thought they needed the service for a small premium. In addition CCP has "majior world control" over the economy and the probability of the economy crashing is very small as long as we assume they know what they are doing.
TheVad
Two things. First, the premium would be relatively large because Eve banks aren't highly reliable (most probably are pretty shaky). Second, unlike the FDIC, there would be no control over banks. If I were an insurer, I would require auditor (maybe junior auditor access would do) access to every major asset of the bank. That means alts in every corporation belonging to the bank. Even that probably would leave me open to a lot of scams and risk.
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Tasko Pal
Heron Corporation
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Posted - 2008.03.17 06:21:00 -
[2]
Originally by: Jamie Freely
I would love to say I'm wrong, but I don't see how you can have insured deposits with player run banks.
Within the frame of this game and within the time that people will put into a system I don't think its possible. Please show me where I'm wrong.
You just need an insurer with some credibility. For example, if I say I'll back all deposits at a bank with the uh, considerable resources at my disposal, everyone would consider it a joke. It certainly would be a strong indication that the bank was a bad investment. But if I had say a trillion isk and a good reputation at hand, and I say that I back all deposits at a bank with my reputation, then that will have some weight to it and would be a credible example of bank insurance.
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Tasko Pal
Heron Corporation
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Posted - 2008.03.17 18:54:00 -
[3]
Originally by: Shadarle
Thanks for the reputation 101 lecture... but someone saying they back deposits and having 100% insured deposits is a very different thing.
Some people seemed to need that lecture. And I find the quibble between "backing bank deposits" (which would naturally include a variety of insurance schemes) and "100% insured" bank deposits (one fairly specific insurance scheme) to be far less important than whether the insurer pays out the promised amount in the event of a bank default.
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