Paid cash in, counted and weighed. Bank now disputes figure.
Discussion
AFAIK the counterperson responsible for the error gets a hard time from the manager. May even have to make it up out of their wages. So if they phone you up full of their poison attitude and 'take you through security' mumbo jumbo boolsheeterama then tell them "sorry, I'm just answering Mr Jones' phone. He's just left to stay in a hermitage in the middle of the Peruvian jungle and won't be back for 18 months."
On the other hand if you get a poor lip-quivering bullied menial on to politely explain that management are making a life-changing issue out of the sixty quid and that unless you return it they're on the dole again, then just promise to drop it in next time you're passing.
On the other hand if you get a poor lip-quivering bullied menial on to politely explain that management are making a life-changing issue out of the sixty quid and that unless you return it they're on the dole again, then just promise to drop it in next time you're passing.
Piersman2 said:
With regards the wider banking question in this thread, I do admire sidicks' attempts to whitewash, it's almost Trump'esque in the level of delusion.
I certainly admire your ability to misrepresent and fail to understand the points I've made.Piersmnan2 said:
The banks spent years slowly but surely selling off mortgages. At the start they were good but when they realised how much money they could make doing this they started having to find more and more mortgages to sell on. The quality of the mortgages tailed off, anyone could get a mortgage, and the bank was happy for this to continue for as long as possible. The banks were very clever at keeping the wraps on the quality of the mortgage bundles being sold, the ratings companies were lazy and earning too much to overly worry about what they were grading and the investment companies had similarly got lazy in checking what they were actually buying. A perfect storm of greed and laziness from all involved.
Someone else who doesn't understand how tranching (and rating) works in a CDO / MBS structure.Piersman2 said:
With regards to the banks ruining individual companies. There's been multiple examples of people having their SME companies deestroyed by banks in the Private Eye over the last few years. Business people being promised the gold at the end of the rainbow by bank reps with a 'product' to push, too busy and/or stupid to see the risks. The bank then brings in the liquidators, forecloses and sweeps up the left overs to be divided between themselves and the liquidators. So no possibility of a conflict of interest there, eh!
Not sure that was ever in question. There was a whole thread on it, where the practice was condemned by everyone. HTH.Piersman2 said:
When the bank phoned I'd have asked them what they would do if I'd just been in a few hours earlier, had withdrawn £5000 and then counted it at home to find it £60 light. Would the bank be happy enough to hand me the 'missing' £60 if I went back in?
We all know the answer here (sidicks excepted
) - it would be 'No'.
So then I'd have asked the person form the bank why I should be expected to do anything differently.
If they could come up with some cogent argument to that I 'might' hand over the £60. But they couldn't, so I wouldn't.
More misrepresentation - how dull.We all know the answer here (sidicks excepted
) - it would be 'No'.So then I'd have asked the person form the bank why I should be expected to do anything differently.
If they could come up with some cogent argument to that I 'might' hand over the £60. But they couldn't, so I wouldn't.
Granfondo said:
Seems very strange that a few rogue workers brought the whole banking system to its knees which needed to be rescued by governments and taxpayers throughout the world!
It wasn't brought to its knees by fraud. Confidence collapsed. People had been systematically underestimating credit risk. Banks, fund managers, rating agencies, regulators, the lot.When the penny started to drop, the change in sentiment spread extremely quickly into a massive panic. It is much the same process as a stock market bubble building up then bursting. The difference is that banks aren't as exposed to a stock market crash. But when the money markets go into crisis and no one will lend, and the relationship between bond prices and their derivatives breaks down, then banks can't operate.
If people want to hold banks, their regulators and the government accountable, as they absolutely should, then it's imperative that people have a basic understanding of what actually happened to cause the banking crisis, why it required state intervention and why it is taking so long for the economy to recover.
But, as this thread shows, there's a heck of a lot of confusion and ignorance. It's a techical and rather boring subject, so I don't blame people for choosing to remain ignorant, but it's not hard to grasp, and if you're going to offer an opinion at least get your head around the basics first.
drainbrain said:
sidicks said:
The only person to blame for blatant misrepresentation is the person doing the misrepresenting.
HTH
I know they don't understand, silly ignorant people, but don't worry, I still love you....even tho' you call me nasty names....HTH
ATG said:
drainbrain said:
sidicks said:
The only person to blame for blatant misrepresentation is the person doing the misrepresenting.
HTH
I know they don't understand, silly ignorant people, but don't worry, I still love you....even tho' you call me nasty names....HTH
drainbrain said:
ATG said:
drainbrain said:
sidicks said:
The only person to blame for blatant misrepresentation is the person doing the misrepresenting.
HTH
I know they don't understand, silly ignorant people, but don't worry, I still love you....even tho' you call me nasty names....HTH
Haibiker said:
I'm lying here in bed with 'flu. stumbled across this one. it reminded me I sold the first ever piece of equity in a CDO in Europe.happy days! that is all.
Equity tranche?Some people appear to think that CDOs only consisted of AAA tranches!
Edited by sidicks on Friday 17th February 21:22
ATG said:
It wasn't brought to its knees by fraud. Confidence collapsed. People had been systematically underestimating credit risk. Banks, fund managers, rating agencies, regulators, the lot.
When the penny started to drop, the change in sentiment spread extremely quickly into a massive panic. It is much the same process as a stock market bubble building up then bursting. The difference is that banks aren't as exposed to a stock market crash. But when the money markets go into crisis and no one will lend, and the relationship between bond prices and their derivatives breaks down, then banks can't operate.
If people want to hold banks, their regulators and the government accountable, as they absolutely should, then it's imperative that people have a basic understanding of what actually happened to cause the banking crisis, why it required state intervention and why it is taking so long for the economy to recover.
But, as this thread shows, there's a heck of a lot of confusion and ignorance. It's a techical and rather boring subject, so I don't blame people for choosing to remain ignorant, but it's not hard to grasp, and if you're going to offer an opinion at least get your head around the basics first.
People may be "ignorant" but can "grasp" the fact that the reason behind the banking crisis was pure greed by the banking industry and if the banks didn't trust other banks to lend to each other then that says it all really!!!When the penny started to drop, the change in sentiment spread extremely quickly into a massive panic. It is much the same process as a stock market bubble building up then bursting. The difference is that banks aren't as exposed to a stock market crash. But when the money markets go into crisis and no one will lend, and the relationship between bond prices and their derivatives breaks down, then banks can't operate.
If people want to hold banks, their regulators and the government accountable, as they absolutely should, then it's imperative that people have a basic understanding of what actually happened to cause the banking crisis, why it required state intervention and why it is taking so long for the economy to recover.
But, as this thread shows, there's a heck of a lot of confusion and ignorance. It's a techical and rather boring subject, so I don't blame people for choosing to remain ignorant, but it's not hard to grasp, and if you're going to offer an opinion at least get your head around the basics first.
S1_RS said:
I recently sold a car for cash so went to pay it in to my bank today, 4K in twenties in one account, 1K into another. I had counted both sums out. When I paid it in the cashier physically counted them out then weighed each bundle of notes, one bundle was apparently £40 over, another was £20 over so she handed me back £60, recounted and weighed the bundles and satisfied herself the figures were correct, then paid them in and gave me a receipt for both deposits. Fast forward 4 hours and the cashier phones me up and says a colleague checked the bundles and found them short. The cashier is now blaming her weighing scales saying they must be out. From a legal point where do I stand? Surely having been given a receipt they have no comeback after the event? They cannot be 100% certain the bundles in question were mine? Morally I will drop the £60 in to the bank but I'm not sure I really need to?
To get it back on topic! Get them to review CCTV footage showing it being weighed and counted. Edited by S1_RS on Thursday 16th February 16:43
sidicks said:
Granfondo said:
People may be "ignorant" but can "grasp" the fact that the reason behind the banking crisis was pure greed by the banking industry and if the banks didn't trust other banks to lend to each other then that says it all really!!!
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