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Three cheers for the kiwi & aussie doing a bank runner

Three cheers for the kiwi & aussie doing a bank runner

Old May 21st 2009, 11:38 am
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Default Three cheers for the kiwi & aussie doing a bank runner

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

http://edition.cnn.com/2009/WORLD/as...res/index.html
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Old May 21st 2009, 11:43 am
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Default Re: Three cheers for the kiwi & aussie doing a bank runner

Originally Posted by AnotherWorld View Post
I'll get the mighty ones going off at me for this

http://edition.cnn.com/2009/WORLD/as...res/index.html
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.
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Old May 21st 2009, 11:43 am
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Default Re: Three cheers for the kiwi & aussie doing a bank runner

Originally Posted by AnotherWorld View Post
I'll get the mighty ones going off at me for this

http://edition.cnn.com/2009/WORLD/as...res/index.html
yeah but it wasn't for not paying their debts was it ..
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Old May 21st 2009, 11:45 am
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Default Re: Three cheers for the kiwi & aussie doing a bank runner

Wonder which country they ran off to.
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Old May 21st 2009, 11:46 am
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Default Re: Three cheers for the kiwi & aussie doing a bank runner

Originally Posted by seraphnina View Post
Wonder which country they ran off to.
China it seems but don't be surprised to see them here...
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Old May 21st 2009, 11:49 am
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Default Re: Three cheers for the kiwi & aussie doing a bank runner

Originally Posted by lionheart View Post
China it seems but don't be surprised to see them here...
I should have read carefully.
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Old May 21st 2009, 11:51 am
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Default 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....
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Old May 21st 2009, 11:54 am
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Default Re: Three cheers for the kiwi & aussie doing a bank runner

I presume the bank wont fire the person who made the error.
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Old May 21st 2009, 12:08 pm
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Default 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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Old May 21st 2009, 1:10 pm
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Default Re: Three cheers for the kiwi & aussie doing a bank runner

Originally Posted by Meow View Post
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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Yeah cos CEO gail kelly's $6.2 mill a year + performance bonus (linked to the lost $10 mil Perhaps? ) would never be cut
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Old May 21st 2009, 6:57 pm
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Default Re: Three cheers for the kiwi & aussie doing a bank runner

Originally Posted by AnotherWorld View Post
Yeah cos CEO gail kelly's $6.2 mill a year + performance bonus (linked to the lost $10 mil Perhaps? ) would never be cut
I said account holders and shareholders - not the head honcho...

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Old May 21st 2009, 8:04 pm
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Default Re: Three cheers for the kiwi & aussie doing a bank runner

Originally Posted by Meow View Post
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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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???
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Old May 21st 2009, 9:47 pm
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Default Re: Three cheers for the kiwi & aussie doing a bank runner

Originally Posted by Confucius View Post
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???
Not the same. It was clearly an error.

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Old May 22nd 2009, 8:38 am
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Default 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"?
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Old May 22nd 2009, 8:47 am
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Default 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.
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