LogFAQs > #927281245

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TopicTrailer Trash Couple spends $100,000 in 2 WEEKS after a BANK made a MISTAKE!!!
Kyuubi4269
09/11/19 9:37:56 AM
#41:


_AdjI_ posted...
If you start placing 100% of the responsibility on the bank for covering losses on this scale, that's going to result in the bank finding whatever lower-level employee was most directly responsible for the error and taking the loss out of their pay.

Probably not legal, but they could fire if they want.

_AdjI_ posted...
Given that this is likely to be 2-3 years' worth of pay, that means banks won't be able to find anyone to work those positions because of the risks involved and/or will have to dramatically increase their wages to compensate, neither of which are particularly conducive to the bank being able to function.

Or it's covered under liability insurance. Mistakes happen and they can afford to take the hit, if they can't afford to make errors then they're not effective enough to operate their business. There always must be overhead to account for this and if this collapses shitty banks, all the better in a capitalistic system.

_AdjI_ posted...
Had they followed protocol, everything would have been fine.

Protocol was not defined, the bank failed. Their problem, their cost.
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Doctor Foxx posted...
The demonizing of soy has a lot to do with xenophobic ideas.
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