Nothing specified what would happen in the event of a coordinated payback (everybody paid their loans back to Patrick, giving him more profit than he expected). Thus, in this hypothetical case, Patrick should equitably split all profits with his depositors (above and beyond the stated rate)? You are saying no, and in the opposite case, he doesn't get to push losses to his depositors when he guaranteed their funds.

Patrick guaranteed his deposits and did not place any conditions on that guarantee. Obviously one of the risks to Patrick is that many loans default at the same time, possibly because they are correlated. That is an obvious risk that a lender faces.

Patrick is one of the few people trying to make good on his obligations. I respect Joel, but I don't see why he is now encouraging Patrick to turn into a scammer. Even Patrick hasn't suggested that he should renege on his guarantee. I think it's time for Patrick to respond. Patrick, are you going to stand by your guarantee and be the honest person most people believe you to be, or are you going to let Joel turn you into a scammer?