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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 ravel-bar-foo on Friday November 11, 2022 @05:56AM (#33559214)
In that proposal, it seems like all the risk of the loan is carried by the bank with none of the profit. How would such a bank be profitable? What happens if the loan is not paid back?
[ Parent | on HN ]
Re:FTX Tapped into Customer Accounts to Fund Risky Bets, Set... by lupire on Friday November 11, 2022 @03:12PM (#33566175)
Parent meant x%+y% or some other scheme for risk management and profit.
[ Parent | on HN ]