Well no sign of the money yet from Stars in my Neteller account. Usually it's there in the morning if I try withdraw the previous evening.
A point worth noting is that 14 bank accounts (some international ones too) have been frozen. Presumably that means even if they have a 1:1 liquidity ratio, that's going to put them under some financial pressure if a lot of folks put in withdraw requests. In a couple of days, if people don't get paid out, they will realise something is wrong and the panic will set in e.g. Northern Rock in the UK.
I guess now probably isn't the time to start questioning these things, but you begin to wonder what is happening with your cash when you deposit it at Stars or Full Tilt. It seems unlikely to me that all of it is sitting in liquid investments. The problem with liquid investments is that you get lower returns on the investment because it's not a guaranteed investment. These companies aren't well regulated so what difference does it make if half the pool of cash is in some long-term investments. I mean, it's not like that cash is ever used, right?
It seems odd that the owners of FT and PS appeared to out of the US when the shit hit the fan on Friday. They had a HU on the bust?
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Originally Posted by Nakamura
