Three cheers for the kiwi & aussie doing a bank runner
 

I'll get the mighty ones going off at me for this :p

http://edition.cnn.com/2009/WORLD/as...res/index.html

Re: Three cheers for the kiwi & aussie doing a bank runner
 

Good luck to them. They say the money was stolen but not in my view. Unfortunately, the authorities are bound to catch up with them in the end.

Re: Three cheers for the kiwi & aussie doing a bank runner
 

yeah but it wasn't for not paying their debts was it ..

Re: Three cheers for the kiwi & aussie doing a bank runner
 

Wonder which country they ran off to.

Re: Three cheers for the kiwi & aussie doing a bank runner
 

China it seems but don't be surprised to see them here...

Re: Three cheers for the kiwi & aussie doing a bank runner
 

I should have read carefully.

Re: Three cheers for the kiwi & aussie doing a bank runner
 

What can I say... Im of the opinion that banks deserve all they have worked hard for....

Re: Three cheers for the kiwi & aussie doing a bank runner
 

I presume the bank wont fire the person who made the error.

Re: Three cheers for the kiwi & aussie doing a bank runner
 

But it wasn't their money so that makes it theft, no matter whether the bank has cocked up or not.

The money doesn't belong to the bank, it belongs to all their account holders (and the shareholders) and you can guarantee that they are the ones who will end up paying for the loss somehow.


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Re: Three cheers for the kiwi & aussie doing a bank runner
 

Yeah cos CEO gail kelly's $6.2 mill a year + performance bonus (linked to the lost $10 mil Perhaps? :rofl:) would never be cut ;)

Re: Three cheers for the kiwi & aussie doing a bank runner
 

I said account holders and shareholders - not the head honcho...

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Re: Three cheers for the kiwi & aussie doing a bank runner
 

An analogy to this is: a person asks you for 10$ as a favour, and you give them 10,000$; I wouldn't consider it a theft...If you ask for a glass of water, and the person gives you a bottle, is that theft???

Re: Three cheers for the kiwi & aussie doing a bank runner
 

Not the same. It was clearly an error.

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Re: Three cheers for the kiwi & aussie doing a bank runner
 

So... (sorry just trying to get my head around this concept :) ) if I inadvertently have my account overdrawn by 50 cents and the bank then charges me $45 and refuses to refund it due to the overdrawn amount of 50 cents, (putting aside terms and conditions because we all know terms and conditions exist for everything and we dont all agree with them) is that fair treatment? Should I just think to myself "oh ... its not benefitting the bank, its benefitting the shareholders and that makes it ok"?

Re: Three cheers for the kiwi & aussie doing a bank runner
 

ha ha awesome. i used to work for westpac, and the number of mistakes drawing down is huge. but this is a huge amount.


about 5 yrs ago, i had $100K appear into my account when someones loan was mistakenly put into my account. i told the bank, and didnt even get a thankyou from the bank who made the error.