AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
E106: SBF's media strategy, FTX culpability, ChatGPT, SaaS slowdown & more
All-In with Chamath, Jason, Sacks & Friedberg
How Does a Margin Account Work?
3min Snip
00:00
Summary
Transcript
Episode notes
SBF took customer deposits, gave them to himself. He then converted those dollars into some other asset and he had a mark on that asset. If all of a sudden the value of these entities multiplied by that percentage that you're allowed to loan falls below, you have to post money. That's how a margin account works. It's just there is no free lunch in that.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode