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Courtesy Peter Stindberg's interesting transcript of Philip Linden's Office Hours:

[14:19] Jay S.: lol, is there any new policy concerning the Ginko scandle, Ie it looks more like a ponzi scam
[14:19] Philip Linden: jay we haven't created any policy thusfar on bank, etc.
[14:19] Philip Linden: we try very hard not to make rules we do not need to.
[14:20] Philip Linden: We haven't made any about banks
[14:20] Jay S.: ok
[14:20] Philip Linden: I would note that there is a lot of transparency around projects like Ginko
[14:20] Philip Linden: moreso that in the real world

These words may come back to haunt Philip Linden. And the fact that there are no policies related to banks is probably not an indicator that there should not be such rules - if anything, the continued issues at Ginko Financial demonstrate this.

Phil says Ginko Financial is transparent. Meanwhile, a two fingered sloth in Suriname is awaiting powdered goat milk. One of these statements is true - pick one.

The rest of the transcript is worth a read, especially for those people who are still trying to do something about the gambling ban... despite there being nothing to do.