Quote from: blazing on September 08, 2012, 05:46:01 AM

Quote from: Kluge on September 08, 2012, 05:17:03 AM

Quote from: Chaang Noi (Goat) ช้างน้อย on September 08, 2012, 04:55:55 AM

Well since I was named...

I have bought back my Insured Pirate bonds...

I have bought back my Uninsured non guaranteed tygrr bond D...
https://bitcointalk.org/index.php?topic=98421.msg1169673#msg1169673

I do not at all need help from the lending cartel and was able to manage my own risk... Yes I'm pretty destroyed by this mess but I still covered my debts.

Thank you...

Sorry - wasn't meaning to imply otherwise, just say that a lot of us work together to prevent depositors noticing any liquidity problems on our end in response to Zen. I'm focused on salvaging the situation, keeping us all in good standing with the community, and moving forward as a collective, and wanted it known - for selfish purposes.

It appears that HK is having liquidity problems. My interest payments have been stopped. Is hashking a member of the cartel and will assistance be provided to him by you?

Possibly - though maybe directly not by me. We have no leaders, really -- I don't get a final say, and there are no explicit cartel funds anyone can direct. HashKing is a member, though. Nick I've met in-person before, so I'm much more familiar with, and he's helped me a LOT personally - including offering a house at no charge while I was shopping around with a bit of desperation. HK's relatively new, and not someone I've met in-person, though he's also helped me out before when I was house-shopping -- I think we added him 3 months ago or so. I'm more often a recipient of intra-lender loans than a giver, to be honest, and we do things individually (much more "Anonymous"-like than having any serious organized structure -- there are no formal meetings, for example), but given how frequently we communicate in the room, we're often familiar enough with each other that we help when members have problems. When I had my GLBSE account emptied just a month or so ago, the cartel raised the equiv. of ~$4k to gift me - without any solicitation (though some "anti-solicitation") on my part - so there's a good bit of debt I feel I owe. I can help organize - and the rest of the cartel can, too. I'll likely be giving Imsa a large USD loan out of personal funds so he can get back to focusing on business instead of crushing BTC debt, and that pretty much empties me out as far as liquid non-reserved funds go. There are still a few not facing liquidity crises in the room, but we need to go outside the cartel for "real" money real quick, nowadays. However, it could probably be said that our informal job is to match people who want money up with people who have money, and in cases where we have fixed-term deposits, we're more guaranteeing the loan (for a fee) than issuing the loan with "our" funds - so... business as usual, I guess, now with higher stakes.

From the little I recall from HK in the cartel room, his problem is in liquidity, not negative equity, so we might be able to come to an agreement with him which is amicable for his depositors if he is unable to repay them within a reasonable amount of time (I have no idea if that's the case -- I'm speaking out of my ass a bit).