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Collateral
Feb 17, 2010

Kerbtree posted:

No, it’s textbook ‘Retaining Wrongful Credit.’ If you weren’t expecting to be paid millions, the law expects you to make a good-faith effort to return it, ie: call your bank to get it removed, pending the inevitable claim.

Out of interest, could she have done nothing at all until the sum was requested back? The payee has a duty to request it back at least. Or at the least emailed the bank once and state " that isn't mine" and leave it at that. Banks and such are slow and even a measly interest rate would be deal of money on a 10m principle.

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Collateral
Feb 17, 2010
The is precedence that you get to keep the interest, I believe.

Pirate Radar
Apr 18, 2008

You're not my Ruthie!
You're not my Debbie!
You're not my Sherry!

notwithoutmyanus posted:

They still do that with eth, which is as secure as you'd imagine.

I'd bet someone has bigdickenergy.eth and cryptobro.eth. Even Molly white has a .eth.

Did they let someone register m.eth?

notwithoutmyanus
Mar 17, 2009

Pirate Radar posted:

Did they let someone register m.eth?

Just as much a cashgrab as any premium domain. I'm sure it's expensive/was.

Kerbtree
Sep 8, 2008

BAD FALCON!
LAZY!

Collateral posted:

Out of interest, could she have done nothing at all until the sum was requested back? The payee has a duty to request it back at least. Or at the least emailed the bank once and state " that isn't mine" and leave it at that. Banks and such are slow and even a measly interest rate would be deal of money on a 10m principle.

It’s not a good idea: you’re still getting paid from other places and you don’t choose which credits to your account get consumed when you pay for something, accounts are first-in, first-out per what’s called Clayton’s. you will, even if unintentionally, consume part of it sooner or later, only your bank can safely remove it.

Jakabite
Jul 31, 2010
So there’s a PP Show at 4pm ET today that they all think is going to prove they’re right (the BBBY people that is). Looking forward to the fallout!

ymgve
Jan 2, 2004


:dukedog:
Offensive Clock

Kerbtree posted:

It’s not a good idea: you’re still getting paid from other places and you don’t choose which credits to your account get consumed when you pay for something, accounts are first-in, first-out per what’s called Clayton’s. you will, even if unintentionally, consume part of it sooner or later, only your bank can safely remove it.

In what way would Clayton's come into effect in this case? Can't think of an example where it would matter.

Impossibly Perfect Sphere
Nov 6, 2002

They wasted Luanne on Lucky!

She could of have been so much more but the writers just didn't care!

Jakabite posted:

So there’s a PP Show at 4pm ET today that they all think is going to prove they’re right (the BBBY people that is). Looking forward to the fallout!

At some point he's going to stop doing this bit, right?

SettingSun
Aug 10, 2013

The bit will never stop.

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
What's the PP show again?

Impossibly Perfect Sphere
Nov 6, 2002

They wasted Luanne on Lucky!

She could of have been so much more but the writers just didn't care!
So apparently today is a big PeePeeShow day. He's going to have on the Pulte weirdo and the insane towel ape Kais. All the apes are expecting a big announcement that Ryan Cohen is submitting a new bankruptcy plan tomorrow that will make them millionaires.

Meanwhile the stock is down to 8 cents.

Shroud
May 11, 2009

Boxturret posted:

What's the PP show again?

Go to Twitter's new video site, (xvideos.com, because of the name change), and just type in PP show in the search bar. There's a lot of junk, but you'll find it in no time.

ryde
Sep 9, 2011

God I love young girls
The BBBYQ apes also glommed onto the CEO of FlexPort on Twitter who basically went from WTF is going on -> we're not involved in BBBY -> OK now I'm going to meme at you idiots at a record pace. At one point he apparently posted his own childrens book which got all the apes in a tizzy.

cruft
Oct 25, 2007

Shroud posted:

Go to Twitter's new video site, (xvideos.com, because of the name change), and just type in PP show in the search bar. There's a lot of junk, but you'll find it in no time.

Ha ha. NSFW this, jerk.

Serious_Cyclone
Oct 25, 2017

I appreciate your patience, this is a tricky maneuver

Impossibly Perfect Sphere posted:

So apparently today is a big PeePeeShow day. He's going to have on the Pulte weirdo and the insane towel ape Kais. All the apes are expecting a big announcement that Ryan Cohen is submitting a new bankruptcy plan tomorrow that will make them millionaires.

Meanwhile the stock is down to 8 cents.

and they're furious that they can't find brokers willing to let them buy more BBBY at these low prices, I wish I believed in anything as much as these dorks believe in a dead towel store

Magissima
Apr 15, 2013

I'd like to introduce you to some of the most special of our rocks and minerals.
Soiled Meat

Boxturret posted:

What's the PP show again?

Unclear, but according to the subreddit it is definitely NOT!! financial advice

quote:

Not financial advice just having a few brews talking BBBY & GME so if you’re into that welcome :) Our members do not condone any financial advice or recommendations of anything. Everything discussed here is opinion speculation and entertainment. Not financial advice. We enjoy discussing companies fundamentals and upcoming news.

Salt Fish
Sep 11, 2003

Cybernetic Crumb

cruft posted:

Ha ha. NSFW this, jerk.

lmfao gottem

Neito
Feb 18, 2009

😌Finally, an avatar the describes my love of tech❤️‍💻, my love of anime💖🎎, and why I'll never see a real girl 🙆‍♀️naked😭.

IANAL, but is saying "This is not financial advice, but $financial_advice" defensible in court?

Pham Nuwen
Oct 30, 2010



Neito posted:

IANAL, but is saying "This is not financial advice, but $financial_advice" defensible in court?

no copyright intended, this video does NOT belong to me

evilweasel
Aug 24, 2002

Neito posted:

IANAL, but is saying "This is not financial advice, but $financial_advice" defensible in court?

i mean who cares, if you're suing someone who was all-in on BBBY liability kinda takes a back seat to "having any assets you could win if you won the lawsuit"

Ariong
Jun 25, 2012

Get bashed, platonist!

Impossibly Perfect Sphere posted:

At some point he's going to stop doing this bit, right?

Yeah, whenever people stop sending him money for it.

Collateral
Feb 17, 2010

Kerbtree posted:

It’s not a good idea: you’re still getting paid from other places and you don’t choose which credits to your account get consumed when you pay for something, accounts are first-in, first-out per what’s called Clayton’s. you will, even if unintentionally, consume part of it sooner or later, only your bank can safely remove it.

That's why shift that bad boy into a high interest instant access account. Is there any reason why you can't send the bank a duly witnessed letter regarding the notification? 3rd class, or gently caress it, carrier pigeon?

Kerbtree
Sep 8, 2008

BAD FALCON!
LAZY!

ymgve posted:

In what way would Clayton's come into effect in this case? Can't think of an example where it would matter.

Because if you have a bunch of money (that shouldn’t be there) drop into your account and don’t remove it promptly, sooner or later you’ll end up spending part of it, despite keeping your balance above whatever the figure you received. People treat their account either like it’s a bucket of water where everything becomes indistinguishable upon deposit, or think it’s like a vertical stack of notes, where you can put stuff on the top and then pull it right off to do something with exactly the same money.

There’s also people who receive dodgy funds due to a fraud or scam and end up sending funds onwards, only due to Clayton’s they actually consume some of their existing balance. When an indemnity’s received: funds remain, so they get removed, customer gets mad because they see things as above and raise a complaint.

cruft
Oct 25, 2007

Serious_Cyclone posted:

I wish I believed in anything as much as these dorks believe in a dead towel store

Thread title

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
But the documentary Monopoly says that if there's a bank error in my favour I get to keep the money:confused:

PhazonLink
Jul 17, 2010
so is diamond lambos happening or what?

cruft
Oct 25, 2007

PhazonLink posted:

so is diamond lambos happening or what?

Not until it hits 5¢/share

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish

Shroud posted:

Go to Twitter's new video site, (xvideos.com, because of the name change), and just type in PP show in the search bar. There's a lot of junk, but you'll find it in no time.

Oh so that's what all of this has been for.

Talorat
Sep 18, 2007

Hahaha! Aw come on, I can't tell you everything right away! That would make for a boring story, don't you think?

cruft posted:

Ha ha. NSFW this, jerk.

lmao

ikanreed
Sep 25, 2009

I honestly I have no idea who cannibal[SIC] is and I do not know why I should know.

syq dude, just syq!

Neito posted:

IANAL, but is saying "This is not financial advice, but $financial_advice" defensible in court?

Seems like the real question is whether they're an unregistered adviser based on where their income comes from. Not whether what they said constitutes advice.

rydiafan
Mar 17, 2009


Kerbtree posted:

Because if you have a bunch of money (that shouldn’t be there) drop into your account and don’t remove it promptly, sooner or later you’ll end up spending part of it, despite keeping your balance above whatever the figure you received. People treat their account either like it’s a bucket of water where everything becomes indistinguishable upon deposit, or think it’s like a vertical stack of notes, where you can put stuff on the top and then pull it right off to do something with exactly the same money.

There’s also people who receive dodgy funds due to a fraud or scam and end up sending funds onwards, only due to Clayton’s they actually consume some of their existing balance. When an indemnity’s received: funds remain, so they get removed, customer gets mad because they see things as above and raise a complaint.

I don't understand.

If I have $1000 in my account, then get sent an erroneous $Million, spend $500, then the $Million is taken away, won't I have $500?

ikanreed
Sep 25, 2009

I honestly I have no idea who cannibal[SIC] is and I do not know why I should know.

syq dude, just syq!

rydiafan posted:

I don't understand.

If I have $1000 in my account, then get sent an erroneous $Million, spend $500, then the $Million is taken away, won't I have $500?

Maybe.

If you have $500 in the account, expect $1000, get a million, spend 1000, lose a million, get $1000, you now have -$500

Deptfordx
Dec 23, 2013

Shroud posted:

Go to Twitter's new video site, (xvideos.com, because of the name change), and just type in PP show in the search bar. There's a lot of junk, but you'll find it in no time.

:golfclap:

Farg
Nov 19, 2013
the business guy came on and if you believe it: he did not announce the miraculous acquisition of bed bath and beyond. He did promote his family's companies stock and do a $500 dollar giveaway

RocketMermaid
Mar 30, 2004

My pronouns are She/Heir.


Farg posted:

the business guy came on and if you believe it: he did not announce the miraculous acquisition of bed bath and beyond. He did promote his family's companies stock and do a $500 dollar giveaway

Lambos cost $500, right?

Deptfordx
Dec 23, 2013

But apes remain bullish I'm sure.

Boxturret
Oct 3, 2013

Don't ask me about Sonic the Hedgehog diaper fetish
(((they))) got to him before he could speak out.

VitalSigns
Sep 3, 2011

ikanreed posted:

Maybe.

If you have $500 in the account, expect $1000, get a million, spend 1000, lose a million, get $1000, you now have -$500

Er what

       500
+1,000,000
–    1,000
–1,000,000
+    1,000
       500


Looks like you still have $500 after all that.

Of course you might overdraft if the million dollars gets taken out before your thousand dollar deposit hits. But that would also happen if you had your mortgage payment in there instead of a million dollar windfall. Anyone who makes a habit of spending a thousand dollars just because it's in the account no matter what other charges are pending and without waiting for a deposit to clear is going to overdraft eventually

DerekSmartymans
Feb 14, 2005

The
Copacetic
Ascetic

Jakabite posted:

So there’s a PP Show at 4pm ET today

Look, nobody’s impressed you watch gay porn anymore, this is 2023, we’re all watching peepees 24/7

E:f, b

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ranbo das
Oct 16, 2013


VitalSigns posted:

Er what

       500
+1,000,000
–    1,000
–1,000,000
+    1,000
       500


Looks like you still have $500 after all that.

Of course you might overdraft if the million dollars gets taken out before your thousand dollar deposit hits. But that would also happen if you had your mortgage payment in there instead of a million dollar windfall. Anyone who makes a habit of spending a thousand dollars just because it's in the account no matter what other charges are pending and without waiting for a deposit to clear is going to overdraft eventually

I think people are confusing the fake check scam with how bank accounts work. Bank accounts are a pool of money except in very specific niche circumstances, and there would be $500 left (minus overdraft fees) in this situation. If you got a mystery deposit $1m as long as you kept your balance above $1m you'd be fine when the charges were reversed. The alternative would be some wild FIFO madness. Maybe it's a British thing or something where they do their bank accounts different?

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