The owner of Berkie Holdings, the multinational conglomerate with controlling stakes in a dozen Cobalt subsidiaries, has died unexpectedly with a sudden onset of middle age boredom. Effective immediately, his stake in Cobalt has been distributed among random people he's met along the way & a vote has been called to appoint MysticBix as the new CEO of Berkie to take over.
[quote=fryte]@cobalt, @MysticBox, @Gluten, any chance of getting my deposits back?[/quote]
There has to be some kind of system to prevent dodgy, mismanaged, abandoned banks becoming blackholes for money. Some kinds of failsafes?
Beyond that, how can I trust any bank here? What's the criteria? Should they have a credit score or grade?
Small chance, I'm down ~100 in deposits and ~800 I borrowed him aswell.
As currently there's nothing to prevent any scams with banks you can't really trust any.
I.m.o banks should be a little bit more regulated such as:
- Obligation to have at least 50% of deposits in cash assets for each currency,
- They should not be able to 'send money' off to them-self or other players,
- Each loan can not be more than >5% than their current cash assets,
- Interest percentage on loans should be at least double the average percentage they 'pay' for deposits.
That way a lot (but still not all) of the scams could be prevented I guess.
I'm not CEO at the moment but there are currently 3 directors. As of now I wouldn't suggest anyone deposit into any banks unless it's one of the higher NW ones and don't ask for large loans until you have a good amount of money saved.
I liquidated some of the assets I could find and paid back all USD deposits. I gave my holding's 40% of the bank to cover my investment in Berkie and I'll take charge of it. The directors of Berkie can do what they want with the rest. That's the most I can do. Sorry guys.
