Man sues BofA for "1,784 billion, trillion dollars"

[Barack_America]

Man sues BofA for "1,784 billion, trillion dollars"

NEW YORK (Reuters) - Dalton Chiscolm is unhappy about Bank of America's customer service -- really, really unhappy.

Chiscolm in August sued the largest U.S. bank and its board, demanding that "1,784 billion, trillion dollars" be deposited into his account the next day. He also demanded an additional $200,164,000, court papers show.

<snip>

"He seems to be complaining that he placed a series of calls to the bank in New York and received inconsistent information from a 'Spanish womn,'" the judge wrote. "He apparently alleges that checks have been rejected because of incomplete routing numbers."

<snip>

Yet the money Chiscolm wants could dwarf all the bank's other problems.

It's larger than a sextillion dollars, or a 1 followed by 21 zeros. Chiscolm's request is equivalent 1 followed by 22 digits.

The sum also dwarfs the world's 2008 gross domestic product of $60 trillion, as estimated by the World Bank....

More:
http://www.reuters.com/article/domesticNews/idUSTRE58O3BK20090925

[blueamy66]

1. Another silly suit

Now, if he were to sue BofA for their debit and NSF practices....hmmmm...

[Barack_America]

3. Seems to have more merit than Orly Taitz's various suits.

That BofA sucks is pretty much established fact.

[blueamy66]

13. Hey, I won't fight you on that one.

:-)

[derby378]

2. Hey, Dalton? If you win...

...I want to pitch a business proposition your way. Asteroid mining. There's gold in them thar hills...

http://news.bbc.co.uk/2/hi/science/nature/401227.stm

All I need is some startup capital for mining equipment, a rocket with return capsule, a launching pad, a spacesuit, and a first-aid kit. I've already got a metal detector and a pick hammer.

Whaddaya say, Dalton? Let's do this! :rofl:

[Barack_America]

11. I propose that he buy China.

He'd probably have enough money left over to carve his likeness in the moon.

:shrug:

[peekaloo]

4. Dr. Evil's up to his old tricks.

friggin' sharks with laser beams don't come cheap ya know.

[derby378]

5. Considering the proposed budget for post #2 above...

...I'd settle for bad-tempered sea bass to guard the capsule while I'm mining platinum on Eros.

[peekaloo]

10. a space banana worth billions?

I'd have to have my head up Uranus NOT to buy in. :dunce:

[Buzz Clik]

6. Wow. His lawyer stands to make a pretty good cut.

He takes his usual third, which is only like 10,000 times the gross national product of the entire world.

Awesome.

[scheming daemons]

7. I'm going to sue them for Eleventy Brazilian

What a nutcase.

[8 track mind]

15. oh yeah? in my lawsuit,

the ending decimal point is in the next state!


:sarcasm:

[sui generis]

8. that'd show 'em

:evilgrin:

Seriously though I work in banking and I despise BoFA. Wanna know a secret? With all the buzz about NSF charges, the bank really does time your account, using software that my company wrote.

The first game is order, high to low or low to high, if the debit totals exceed the available amount at the time of receipt for a processing day. You the customer can't change that - it's a central payments configuration setting that debits from large to small with the morally absurd reason of clearing your mortgatge check first and bouncing the "less important" small stuff later. Unfortunately it applies most readily to nearly anything BUT mortgage payments, and so if you typically have low balances shortly before the 15th and the 1st of each month, the bank chooses how long it takes to "get around" to debiting your account - essentially accumulating checks over one or two additional days until it has a larger transaction that will clear your balance, apply the NSF(s) and then the remainder of your piddly checks and debits, along with their NSF(s).

It's not rocket science, and it's also not illegal, and BoFA was the design vanguard for the idea. Most people don't complain that the bank isn't processing their debits fast enough . . . but if you have a BoFA checking account that runs close to those parameters, whether you have NSFs or not, check your deposit timings, especially for debit card transactions which are easier to sort and hold.

You'll find some documentably smelly things going on as the bank plays your account.

-Deep Throat

[dixiegrrrrl]

12. I suspected as much with one of my banks

Not BOA.
Had checks bounce that should not have.
These days, I pay the mortgage at least 6 weeks ahead, and have a cushion in the bank account.
But we never leave enough in the bank beyond 2 month's expenses.

One of these days the bankers will figure out that they have lost the confidence of most of their customers, who will devise end runs around their greedy games.

[laughingliberal]

14. I found an end run

Opened a free account at a bank to whom I owe no money (not too many of those). I keep just enough in it to pay a draft for my auto insurance and cell phone bill plus about $100. Then I got a preloaded debit card which costs $9.95 per month and I can pay everything else by phone or online with it. No NSF charges cause it only uses the money I put on it. It is also not tied to my SSN so is not discoverable by creditors until I can get it together to file a bankruptcy.

[tjwash]

9. 'Spanish womn'...is the judge a freeper?

nt