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Originally Posted by stocktrader23
As far as investments, it makes no sense to invest in retarded shit. They could make a fortune on safe, lower interest investments. I seriously doubt a run on Paypal would close them down, I really don't think you understand just how much fucking money they make in profit above and beyond what they hold for others.
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A run on ANY financial institution would cause a crisis in any country, Paypal included.
Do you think that the investment in the movie Chris Mallick made didn't come from ePassporte ? That's what I call a failed investment.
Simple economic theory dictates that any financial service such as a bank, Paypal or ePassporte runs on a fractional reserve system. It would not be possible to operate otherwise. A regulated system carries a balance of risk , liability and security. ePassporte was unregulated in this regard. Why would you hold ePassporte out to operate at a higher standard when it was not subject to insurance on deposits and regulation ? It doesn't make sense.