Who's fault was it?

Bank accidentally gives man $2million and then sued man for larceny charges. Is this fair?

It is bank practice to verify signature before withdrawal especially when it comes to millions already. Here in the Philippines it is our practice to hold the money and the client as much as possible. So we try to offer them better rates first and of course offer other products. When we verify signatures, we always have to check everything and maybe get some IDs to update if signature differs a lot.

I was surprised to read that they offered the man to make the withdrawal and insist he got that much deposit. Confidentiality and as a matter of precautionary measure, if the client does not remember nor understand what an officer of the bank is talking about then maybe one should think twice before offering the withdrawal. For sure the one approving will likely pay or is it the insurance?

But if the story holds true that it was offered then I am very much surprise. Really we don't offer that much for withdrawal, we offer good rates to keep it.
reference: http://news.yahoo.com/s/ap/20080220/ap_on_fe_st/odd_bank_error_arrest

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