Saturday, April 16, 2011

Fear and Liquidity

In the shit-storm that's gathering momentum at the moment, consider this. If you add up all the bankrolls held online by Stars, Tilt and AP - do you think these unregulated companies have this amount of money sitting idly in bank accounts? Or can we assume a significant amount is invested and earning the owners a healthy return.

And if their customers go into a mad panic and all try to withdraw their money at the same time, how long before the cheques bounce...?

1 comment:

bastinptc said...

Like any of us can even access the cash... Haven't tried. Not sure I want to.

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