>*"not firewalling your customer's money and your investment money" that everyon... | Hacker News

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NovemberWhiskey on Nov 10, 2022 | parent | context | favorite | on: FTX tapped into customer accounts to fund risky be...

>"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.

oldgradstudent on Nov 10, 2022 | [–]

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

guardiangod on Nov 10, 2022 | [–]

You are right. Even though there were cases in 2008 they weren't significant contributors to the great recession.

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