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https://www.forbes.com/sites/moneybuilder/2012/05/24/bank-error-in-your-favor/#3ae7666e52a3 https://www.forbes.com/sites/moneybuilder/2012/05/24/bank-er... Eve

https://www.forbes.com/sites/moneybuilder/2012/05/24/bank-error-in-your-favor/#3ae7666e52a3 https://www.forbes.com/sites/moneybuilder/2012/05/24/bank-er... Every story I have ever heard, ended with the bank basically saying "You owe us money. Pay us it back in 3 days or we are going to the police" Seems not a good plan.

mikeash 10y ago
Regardless, it wouldn't have been right to keep the money. Especially since doing so probably would have caused problems for the person who made the misrouted payment.
- RUG3Y 10y ago
  The bank generated that "money" out of thin air. The big scam is that it's all just ones and zeroes.
  - mikeash 10y ago
    That's... not how money works.
    - RUG3Y 10y ago
      http://positivemoney.org/how-money-works/how-banks-create-money/ http://positivemoney.org/how-money-works/how-banks-create-mo...
      - mikeash 10y ago
        I'm aware of how fractional reserve banking works. It does not mean that the money is generated "out of thin air."
- deleted 10y ago
  [deleted]