Re: Double keying already used in some banking applications
"Citi bank do seem to care about their $500m, however."
And yet, it;s not, and never was, their money. They borrowed it to lend to someone else. Then they "accidentally" paid off the lenders early and now they are appealing a court decision so they can force those lenders to lend it back to them again. Weird.
The only thing that's slightly odd is that the lenders loaned the money to Citi on the understanding it was at a certain interest rate. By getting it back early, they lose out on the future interest payments. I can only assume they now think, having got it back from Citi, they can use it more profitably elsewhere.
Biting the hand that feeds IT
