I read the entire TOS, I felt protected.
The level of personal security of each account was an order of magnitude higher than my banks, I had a 24 character password that was essentially a hash key, as well as a google authenticator with my smart phone, best part?
I was using bitcoinica as an exchange, I just deposited my money in my account and was planning on turning into btc that same day for an investment with starfish BCB, then the hack happened.
I did my due dilligence on the company, and the risk of the company becoming insolvent was low at that time, please don't get angry at me for believing personal security measures was enough.
So it was no issue for you that they had been hacked a few times before?
Slowly I am starting to understand why they still believe that they can continue running Bitcoinica in the future. In a year from now, everyone will say "yes, they got hacked some 20 times, but I feel that it wont happen again".