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Make7

(8,543 posts)

12. Shouldn't the invisible hand of the market decide this?

Reply to Johnny Rico (Original post)

Tue Jun 19, 2012, 07:03 PM

Jun 2012

If a bank has a system that allows people access to money they do not have then that bank will lose money and possibly go out of business - making room for banks that aren't entirely incompetent to increase their market share.

On a more serious note, I wish he hadn't pleaded guilty. I am envisioning some enterprising attorney taking this to trial to make a public spectacle of all of the actions Bank of America has taken over the last decade to "withdraw" other people's money that did not belong to them. Bank of America is concerned about $1.5 million? I'm almost surprised they even noticed...

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21 replies

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Highlight:

Detroit man gambles away $1.5 million accidentally given by ATM [View all] Johnny Rico Jun 2012 OP

Holy...... louis-t Jun 2012 #1

If he's a Republican he can plead "youthful indiscretion" and get off. n/t dimbear Jun 2012 #2

Did he gamble the money or simply use the ATM's to withdraw it? Old and In the Way Jun 2012 #3

there would have to be some restitution as well frylock Jun 2012 #15

As much as BoA sucks, this was a DUMB move by Page. GarroHorus Jun 2012 #4

A bank's money being irresponsibly gambled away? Nye Bevan Jun 2012 #5

Or they might hire him. N/T FBaggins Jun 2012 #10

The guy deserves a bailout more than AIG, Goldman Sachs, and the rest of Wall Street banksters. Octafish Jun 2012 #6

You're aware that the "$16 trillion" is a myth, right? TheWraith Jun 2012 #16

No, it's what the GAO reported. Octafish Jun 2012 #21

Was that before or after overdraft fees? FBaggins Jun 2012 #7

This message was self-deleted by its author snot Jun 2012 #8

It's chickenfeed compared to what the congress wastes on "defense". Tierra_y_Libertad Jun 2012 #9

Hopefully he gets help for the gambling addiction JonLP24 Jun 2012 #11

Shouldn't the invisible hand of the market decide this? Make7 Jun 2012 #12

If he was on Wall Street he'd get a bonus. MrSlayer Jun 2012 #13

+1 sadbear Jun 2012 #19

Impossible! Bank of America told me repeatedly that there is NO CHANCE their computer records... slackmaster Jun 2012 #14

15 months for 1.5 million= $100,000 per month... winstars Jun 2012 #17

Damn!!! Dude's got to know when to hold 'em and when to fold 'em! Initech Jun 2012 #18

hell i dont really blame him . roman7 Jun 2012 #20