According to sturle they "didn't need" to run on fractional reserve as they did "so much money" in fees that they could have covered ANY hole caused by seizures, misappropriations and whatnot.
My reply: never underestimate greed and incompetence. Bad management can destroy the biggest company in the world.
I wonder where sturle is hiding his face now. I remember him incessantly defending Gox in the Service Discussion threads throughout 2013.