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Originally Posted by Jinsticker
See topic title. Afaik Ft speculated with depositers money, right? Well can banks give everybody their money if lets say half of the customers want their money??
There is a difference. Banks take your money with the understanding that they will be investing it or loaning it out to you and others. They are required to keep an adequate supply of liquid assets on hand. Full Tilt took your money with the understanding that they would caretake it on your behalf, and then put Million$ and Million$ of it in their pockets (many of them were smart enough to siphon seven and eight figure sums off the site) or gambled it among themselves like play money (which is what it was in a sense; since it was money they had not earned, losing it held no real-world repercussions for most of them.)