Loose comments :[12:22] Travis Ristow: We have assets that will cover most of our deposits - but are not in a position to Call all current loans - so it will be a long road - but one we can handle. We at BCX do not intend to Cease operations as our Lending operations will easily cover us.
[12:23] Luke Birdbrain shouts: There is NO NEED to panic right now. Travis, Tyrian, Lindsay and I will tal to see what we can come up with as CEO of banks in SL. Withdrawing on a massive scale isn't helping ANYONE or anything. Leaving your money in the bank only affects the INTEREST being paid on it, and thats AFTER the 22nd of the month.
[12:23] Tyrian Camilo shouts: We can have terminals etc. even after 22nd day. Only thing AFFECTED now is the interest payout, and thus also massive withdraws.
[12:25] Tyrian Camilo shouts: I would like to remind, that SLIB is likely the most experienced virtual bank in handling massive withdrawals, on the Ginko fallout. We had % wise a huge impact, approx 28% run in just a bit over week! We handled that gracefully, and remained liquid enough to no need to worry about costs, etc. We took a huge loss, but we honored the best we could, as fast we could everyones funds.