On Tue, Feb 25, 2014 at 1:22 PM, Lodewijk andr de la porte
   <[1]l@odewijk.nl> wrote:

   Their current website announcement is a straight offense too.

   I find it somewhat ironic that they are shutting things down to avoid a
   run on the bank. They can't go to fractional reserves without
   essentially upsetting the ideology of many of their users and they
   cannot let their users take money out because they didn't implement the
   most basic accounting procedures for these things.
   Sadly, this is the precise reason banks are generally heavily
   regulated. Without that regulation, corners get cut and millions of
   dollars get stolen with no recompense.
   --
   Kelly John Rose
   Toronto, ON
   Phone: +1 647 638-4104
   Twitter: @kjrose
   Skype: [2]kjrose.pr
   Gtalk:[3]iam@kjro.se
   MSN:[4]msn@kjro.se
   Document contents are confidential between original recipients and
   sender.

References

   1. mailto:l@odewijk.nl
   2. http://kjrose.pr/
   3. mailto:iam@kjro.se
   4. mailto:msn@kjro.se