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Should the economic loss of a fat finger be a billion dollars? Is that a just amount?
by matsemann 6y ago
Should the economic loss of a fat finger be a billion dollars? Is that a just amount?
- rwbhn 6y agoPerhaps one should have proper controls in place?
- j0ba 6y agoLol, it's not an economic loss, it's money paid back. Its not that hard to understand. If the money doesn't get paid back, THEN it would be an economic loss. For the hedge fund.
- grumple 6y agoIt’s not money paid back. Revlon literally didn’t have the money, it came out of Citibank’s account. Citibank doesn’t owe the hedge fund anything.