A Virtual Bank With Real Woes
I guess times are bad all over the universe.
Uh-oh! Another big bank is the subject of a depositor run amid charges its chairman has run off with customers’ money. Thankfully, this scandal is taking place in Eve Online, a space-age virtual reality created by CCP, a games developer and Iceland’s coolest company. But these troubles in the ether may offer some valuable lessons for earthly banking and regulation.
Breakingviews.com – A Virtual Bank With Real Woes – NYTimes.com