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-   -   Man finds $88 billion in bank account (https://www.revscene.net/forums/610762-man-finds-%2488-billion-bank-account.html)

Harvey Specter 04-02-2010 12:20 AM
Man finds $88 billion in bank account
 
Quote:
When Paul Fischer checked his bank account Friday night, he had a happy surprise. His balance had exploded to $88,888,888,888.88. A very lucky number indeed, and close to $89 billion.

Of course, the balance was a technical error by SunTrust Bank (NYSE: STI - News), which quickly fixed the problem. It also may have occurred in other accounts.

"You say, 'Eighty-eight billion, what can I do with that?'" said Mr. Fischer, who owns a jewelry concessionaire for Florida theme parks. "Maybe a handful of us could have brought down SunTrust Bank."

Mr. Fischer had other ideas as well. Before the problem was fixed, he asked a SunTrust rep if he could move the money to an interest-bearing account until it was reclaimed and donate the interest to charity. Total interest: more than $7.3 million.

The bank said no.

The money was stripped out of his account by Saturday morning.

"It's all gone. I'm poor again," he said. "I was a billionaire for five hours."

This kind of bank error happens frequently. But Mr. Fischer raises an interesting question: What if, for five hours, you truly did have $89 billion?

What would you do with the money? The ground rules are that you would have to give the money back — and whatever you bought or invested with it — after five hours.

http://finance.yahoo.com/banking-bud...for-five-hours
.

skyxx 04-02-2010 12:22 AM
The Bank must be Nigerian. ;)

StylinRed 04-02-2010 12:26 AM
some bank exec laundered money into the wrong account

fishing666 04-02-2010 01:11 AM
88billion shit i can buy a country with that

rawr 04-02-2010 01:22 AM
if i knew i had to return the 88billion after 5 hours, i would make investment into stocks, lol

trip 04-02-2010 01:25 AM
i checked my account today

i had -$9.xx in it

fml :(

124Y 04-02-2010 01:36 AM
The higher you climb, the harder you fall. If I were the guy, I would sue the bank for causing psychological trauma.

trip 04-02-2010 02:09 AM
^ theres no way ur gonna win against bankers

Ronin 04-02-2010 02:17 AM
Quote:
What would you do with the money? The ground rules are that you would have to give the money back — and whatever you bought or invested with it — after five hours
What the fuck...? What could you do with it if you have to give it all back? That seriously limits your options.

I'd buy $89 billion dollars worth of diamonds and then pull a Scrooge McDuck.

gearshifter 04-02-2010 02:30 AM
Pretty sure they money came from chinese people ;D

Ch28 04-02-2010 02:37 AM
Quote:
Originally Posted by Ronin (Post 6891137)
What the fuck...? What could you do with it if you have to give it all back? That seriously limits your options.

I'd buy $89 billion dollars worth of diamonds and then pull a Scrooge McDuck.
buy stocks

flip stocks

return money

??

profit

Ronin 04-02-2010 03:12 AM
Any stock that fluctuates enough to make a profit in five hours is probably rather risky and you could lose it all.

...not to mention buying $88 billion in stock is going to have a significant effect on the market and you could be screwed when you try to sell.

Someone is going to travel to...I don't know...Russia...and buy $88 billion dollars worth of mail order brides and have the best 5 hours in the history of man.

TheKingdom2000 04-02-2010 03:14 AM
Quote:
Originally Posted by Ch28 (Post 6891153)
buy stocks

flip stocks

return money

??

profit
so for someone with no experience in the stock market... you are going to day trade... lol you would lose all the money and owe up the asssssssssss

Marco911 04-02-2010 07:25 AM
Get the credit rating agencies to do a credit check on me.

stewie 04-02-2010 09:32 AM
withdraw money asap

run my ass to mexico

never be seen again

live like a king

InvisibleSoul 04-02-2010 10:01 AM
Quote:
Originally Posted by stewie (Post 6891289)
withdraw money asap

run my ass to mexico

never be seen again

live like a king
I guess you'd be like that New Zealand couple.

http://consumerist.com/2009/05/new-z...us-update.html

I'm not sure what the eventual outcome of that was.

tamazoid 04-02-2010 12:56 PM
Holy! On paper, he was the richest man in the world for 5 hours!

hotjoint 04-02-2010 12:59 PM
wow

tiger_handheld 04-02-2010 03:33 PM
i'd buy a blue chip stock that has been going up - even if it goes up .01 - i'll be ok :) ..

underscore 04-02-2010 04:11 PM
Quote:
Originally Posted by Ronin (Post 6891161)
Any stock that fluctuates enough to make a profit in five hours is probably rather risky and you could lose it all.

...not to mention buying $88 billion in stock is going to have a significant effect on the market and you could be screwed when you try to sell.

Someone is going to travel to...I don't know...Russia...and buy $88 billion dollars worth of mail order brides and have the best 5 hours in the history of man.
Well first, you spread it out. Not many companies would even have $88 billion of stock up anyways. Second, you get into things that will move slightly but are considered fairly safe, as with such large amounts of money you won't need them to move much to make quite a profit. Even if you only gain 0.1% you've just made $88 million, which or more than enough to retire on. Hell, if you gained 0.01% and made $8.8 million you could retire easily.

JesseBlue 04-02-2010 04:20 PM
funny that the bank actually had 88 billion....or it is what it is, a glitch...

AzNightmare 04-02-2010 04:33 PM
LOL!! wow.. That's enough to be #1 on the Forbes list.

optiblue 04-02-2010 05:16 PM
I would withdraw as much as I could haha

Kim Jong Un 04-02-2010 05:51 PM
OMG HAX!

no_clue 04-02-2010 07:08 PM
I just want to inform everyone not to be a retard if the bank makes a mistake and deposits more money into your account. If you use that extra money and make it rain at a club or holt renfrew, they will hunt you down with no mercy. First they will deduct the error, which will put you in the red. Then they will charge overdraft and interest fee. If they are really mean they can also charge you with theft if you spend it.

As for that credit check, I think every bank will pound on your door for your business if you had 88 billion lol


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