With mortgage companies dropping like flies (i.e. Aegis), a bank failure seems like a small deal. Especially when the total expected loss is only $750,000. What makes this blog worthy is that the bank is a virtual bank in Second Life. Remember $750,000 translates to $200 million in Lindens (Second Life Money). Some residents lost as much as $10,000 but most only lost around $50. What this tells us is that the virtual world is getting more and more similar to our own. Real money can be earned through hard work and lost if invested in the wrong places.

http://www.wired.com/gaming/virtualworlds/news/2007/08/virtual_bank