Man Blows $1.5 Mil. On Faulty Credit Card

We all know that the BANK'S CUSTOMER acted knowingly. That's not the issue. If you think that's the issue, you need a reality check.

The issue I raised is whether we as a SOCIETY should be dedicating our resouces to policing this relationship, and trying to correct the outcomes of loopholes in the policies, procedures, and systems of the banks?

Why should WE pay to protect people who are too STUPID to protect themselves from a $1.5 million overdraft?

As I read the article, his withdraw of these monies was done with a "cash card". The only "cash card" I have is a debit card, which is tied to my bank's credit card account. I did not read in the article it saying he used a "credit card" to withdraw any money.

The article uses both terms; it's not well written.

Seems his argument that "since the bank allowed it, it's not stealing" was not a good defense in court.

He was living the dream. This would make a good movie.

Whether he used 1) a credit card, 2) a "cash card", or 3) a debit card, he knew the money was not his - therefore, he knowingly stole the money. Guilty of thievery. Case closed.

Apparently, you've never borrowed money. Strange, for this day and age.

Here is "reality"- "stupid is as stupid does", "talk sense to a fool and they call you foolish" and lastly, "that's all I have to sat about that".

Thank God, because nothing you ever say ever has significance. You're like a parrot. I raised an issue I thought was legitimate and all you can do is plug your ears and babble.

I don't claim the bank didn't know. The bank claimed they didn't know and didn't consent to loaning/giving/transferring over a million dollars to this guy. Once the bank realized their mistake, they turned off the money faucet. Why would the bank knowingly allow this guy to take over a million dollars of their money? What telephone call are you alluding to?

Well, you're right...I was going by the title and the first line...

"A Detroit man is in hot water after blowing $1,543,104 at the casino following a credit card glitch which allowed him unlimited withdrawals"

Later it does mention 'Cash Card'.

Clearly illegal on a Debit Card...running up a credit card with no intention of paying it back is fraud...but running up a Credit Card with hopes of paying it back is not. I started my first business on a credit card...it was as risky as a casino.

The telephone call was from reality, which says that banks SHOULD be aware of such withdrawals, and should implement appropriate systems AT THEIR OWN EXPENSE, not ours.