[cryptography] Must have seemed like a good idea at the time
rvh40 at insightbb.com
Tue Jul 23 17:57:17 EDT 2013
From: "ianG" <iang at iang.org>
>Banks will say that international wires are irreversible, but it isn't
>true. If the banks cooperate they can do a return of funds. It all
Banks are not bound by natural laws.
Try to convince your depository bank that the bank which missed its
midnight deadline on a draft you deposited is responsible for the loss.
Sure, that's what the law SAYS, but banks don't operate that way.
Your depository bank will debit your account, even though the law
says the other bank has to eat the loss.
More information about the cryptography