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A comment on FTX Tapped into Customer Accounts to Fund Risky Bets, Setting Up Its Downfall. Parent comment

Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by NovemberWhiskey on Thursday November 10, 2022 @01:03PM (#33550560)
>"not firewalling your customer's money and your investment money" that everyone suffered from in 2008

... cite for this, please. I don't recall there being any significant client money problems in that period.

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Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by guardiangod on Thursday November 10, 2022 @01:27PM (#33550915)
You are right. Even though there were cases in 2008 they weren't significant contributors to the great recession.
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Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by oldgradstudent on Thursday November 10, 2022 @01:17PM (#33550755)
I don't think this was a major problem in the 2008 crisis.

John Corzine's MF Global was a well known case in 2011.

https://en.wikipedia.org/wiki/MF_Global

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