German bank pays Lehman 300 million euros -- by mistake

AFP ^ | 09/17/08

[TigerLikesRooster]

German bank pays Lehman 300 million euros -- by mistake

Wed Sep 17, 12:21 PM ET

German state development bank KfW transferred by mistake 300 million euros (427 million dollars) to Lehman Brothers after it had collapsed, Berlin admitted on Wednesday.

"We are working to shed light very quickly on this technical fault," finance ministry spokesman Torsten Albig said. The transfer happened on Monday after the US investment bank had filed for bankruptcy protection.

[TigerLikesRooster]

Ping!

[MittFan08]

Finders keepers.

[WoofDog123]

totally unclear if they were able to have it reversed.

[Calpernia]

Since it is for the greater good, I’m willing to step up and take that money off their hands.

[library user]

Someone will probably get fired over this. LOL.

[steve86]

As long as you will take on their liabilities as well they might go for it these days :)

[Mad_Tom_Rackham]

I hate it when I do that.

[Billthedrill]

Yeah, but you need to take it easy on yourself. After all, who among us hasn't made a little $500 million mistake now and then?

[kbennkc]

Finders keepers.

Right on . Tell it the bankruptcy court Herr unsecured , disputed , unliquidated , contingent , non-priority claimant . Or some such crap .

[BGHater]

You watching Asia right now? They are picking up steam.

[TigerLikesRooster]

Yes. Hong Kong and Shanghai are being particularly decimated.

Symbol	Name	Last Trade	Change	Related Info
^AORD	All Ordinaries	4,600.80 Sep 17	168.90 (3.54%)	Components, Chart, More
^SSEC	Shanghai Composite	1,816.44 Sep 17	112.60 (5.84%)	Chart, More
^HSI	Hang Seng	16,434.33 Sep 17	1,202.86 (6.82%)	Components, Chart, More
^BSESN	BSE 30	13,262.90 Sep 17	0.00 (0.00%)	Chart, More
^JKSE	Jakarta Composite	1,716.55 12:03AM ET	53.34 (3.01%)	Components, Chart, More
^KLSE	KLSE Composite	1,002.99 Sep 17	9.38 (0.93%)	Components, Chart, More
^N225	Nikkei 225	11,323.54 Sep 17	426.25 (3.63%)	Chart, More
^NZ50	NZSE 50	3,157.23 Sep 17	112.70 (3.45%)	Components, Chart, More
^STI	Straits Times	2,310.31 12:03AM ET	108.98 (4.50%)	Components, Chart, More
^KS11	Seoul Composite	1,377.55 12:04AM ET	47.71 (3.35%)	Components, Chart, More
^TWII	Taiwan Weighted	5,586.87 12:04AM ET	214.00 (3.69%)	Chart, More

[Freedom_Is_Not_Free]

Hey, Fritz! We’re into the trillions of dollar here. Don’t bother us with puny problems like a misplaced $300 million €. Wake up and smell the order of magnitude, Hans.

[Charles Martel]

Wow, this is ripe for one of those Downfall parodies on YouTube.

[Enchante]

they should have sent it to my account instead — I would be happy to send them my wire transfer info if they have another 300 million to spare.....

[TigerLikesRooster]

In my case, if it happens to me, I am happy to keep $1 million for myself and return $299 million. I think that would be still mighty altruistic.:-)

[nclaurel]

It is carefully considered decisions like this that make it so important for Americans to listen to who the rest of the world thinks our next President should be!-—NOT

[Calpernia]

Oh sure, ruin my fantasy with responsibilities!

;)

[mancini]

Thank you, Germany! Consider it a wash for the price of rebuilding your nation.

[Mashood]

300 million euros is the price of two buildings in Munich.