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Synthetic. Heh. Correction on Ginko, Though...

Submitted by Nobody Fugazi on Mon, 01/21/2008 - 20:20.

Thanks for the note on Synthetic. I caught it, and I actually appreciate it - even if it was tongue in cheek.

Correction on Ginko/WSE. You wrote:

Former Ginko: just a quick correction, WSE stepped in to assist. No one willingly "gave" their money to the WSE from Ginko, they confiscated Ginko assets on the exchange and attempted to re-issue those to ex-depositors. Let's face it, it was better than Nicholas running with the lot! (6% return is better than 0% ROI)

No, no, no. WSE did not step in to assist. WSE stepped in for its own reasons. WSE permitted GPB in the first place, and WSE was very closely tied to Ginko Financial through HCL - 9 million and 1 ways, minimum. At the time, the person who was later run out for his misdeeds - the fellow behind AVIX, Sal - he turned down Ginko's deal.

WSE doesn't ever do anything to help anyone but itself. Please don't forget that. :-)

Second Life Consultant

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