Cybercrash

What caused last week’s meltdown of Ginko Financial? It remains unclear whether the bank was felled by declining real estate prices, tumbling values in unregistered investment securities it held or a sudden disappearance of liquidity. Thankfully this particular banking collapse took place in cyberspace. But greed and financial recklessness in the online universe doesn’t look all that different than it does in the real world. For less geeky readers, Ginko exists only in Second Life, a website wi...