Check float used to work like that decades ago. Write a check to pay the first account from a busted account, knowing it would take up to 4 days to process. Before that crashed, pay it with a check from a third account, and so on until, hopefully, the actual money to pay would land in one account or the other.
Believe it or not, that was the main lecture from a business ethics prof, who spent days bragging about it. After that, there were few surprises at what happens in the business world.
sandpiper about 5 years ago
Check float used to work like that decades ago. Write a check to pay the first account from a busted account, knowing it would take up to 4 days to process. Before that crashed, pay it with a check from a third account, and so on until, hopefully, the actual money to pay would land in one account or the other.
Believe it or not, that was the main lecture from a business ethics prof, who spent days bragging about it. After that, there were few surprises at what happens in the business world.