Monday, August 13, 2007

SL Financial Messes

Financial issues have been plaguing the Second Life economy recently, according to Technology Review, and TechDirt.

Perhaps the founders of these financial institutions in SL could have used some real-life corporate guidelines for virtual worlds, as discussed recently on Terra Nova. They are not all about etiquette. Cornell University's Robert Bloomfield and other bloggers at Terra Nova have pointed to the unregulated nature of financial institutions of Second Life.

While we are looking at financial messes, here's the mortgage lender Implode-O-Meter, and the hedge fund Implode-O-Meter. The taglines are great: Tracking the housing finance breakdown: a saga of corruption, stupidity, and government complicity, and Hubris, extreme leverage, and other people's money. Thanks to Paul Kedrosky for pointers.

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