FBI seizes domains of pokerstars, full tilt, ub.. (UPDATE: FTP MONIES!!!!!11)

04-16-2011 07:08 AM #1
a500lbgorilla View Profile View Forum Posts Private Message View Blog Entries SPLENDID GUY Join Date Sep 2004 Posts 28,082 Location himself fucker.	The poker sites are licensed and pokerstars has stated that they keep money to cover total withdrawal. They're not like banks which use fractional reserve banking.

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04-16-2011 07:12 AM #2
Beck View Profile View Forum Posts Private Message View Blog Entries Join Date Aug 2006 Posts 412	Originally Posted by a500lbgorilla The poker sites are licensed and pokerstars has stated that they keep money to cover total withdrawal. They're not like banks which use fractional reserve banking. They are licensed by whom? And what real authority do these licenses offer? How do you know that their reserves are not fractional? -beck
	-Beck
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04-16-2011 07:19 AM #3
bigspenda73 View Profile View Forum Posts Private Message View Blog Entries Join Date Jul 2006 Posts 13,459 Location Pwnsylvania	Originally Posted by Beck They are licensed by whom? And what real authority do these licenses offer? How do you know that their reserves are not fractional? -beck What rilla said is technically true, Poker sites have said they have enough to cover players funds and are licensed but not by the US but sadly what Beck is hinting at is probably closer to the actual truth

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