02-07-2026, 01:17 AM
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#41
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Franchise Player
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Quote:
Originally Posted by btimbit
I googled it and still have no idea wtf it is
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Kiting is writing a cheque when you know there isn't money in the account, but when there will be money in the account by the time the cheque makes its way to your bank. The example upthread of buying groceries with a cheque 1 day prior to payday is a good one. When the cheque was written there weren't sufficient funds, but by the time the store got the cheque to the bank there was so it cleared.
What Suntrerra did is the same thing on an industrial scale. They borrowed a bunch of money in the US, and would write a huge cheque to their US subsidiary to pay the loan on an account with no money in it. Say for $1MM.
So now their US account gets credited for the $1MM, and the Canadian account is overdrawn by $1MM. The US bank sends the cheque back to Canada and requests the $1MM. By the time the request gets there they've deposited a $1MM check drawn on their US bank into their Canadian bank. So the Canadian bank thinks they have the money and authorizes the payment. You go back and forth every couple of days and you've paid your $1MM loan without having any actual money.
The two problems are:
1) that's illegal
2) you have to keep the money flowing in circles perfectly balanced forever. 100% chance eventually something messes up, the whole plan comes crashing down and you get caught.
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02-07-2026, 11:36 AM
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#42
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Appealing my suspension
Join Date: Sep 2002
Location: Just outside Enemy Lines
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I pay my Fantasy football dues by cheque because I know it's an inconvenience for the commissioner and I want to make him miserable.
I think I might go out for dinner tonight and try paying with a cheque just to see what happens.
__________________
"Some guys like old balls"
Patriots QB Tom Brady
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02-07-2026, 11:38 AM
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#43
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Powerplay Quarterback
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A few years ago I was working in retail at a hardware store, and one very quiet day discovered the cash register was still able to process a check. Never got a customer who wanted to do it the old school way though.
__________________
Matthew Tkachuk apologist.
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02-07-2026, 11:40 AM
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#44
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First Line Centre
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Quote:
Originally Posted by Sylvanfan
I think I might go out for dinner tonight and try paying with a cheque just to see what happens.
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"Nah Unc"
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02-07-2026, 12:57 PM
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#45
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Franchise Player
Join Date: Dec 2005
Location: back in the 403
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Quote:
Originally Posted by flames_fan_down_under
I did not grow up well off whatsoever m, but had friends in high school whose parents had money, I remember their moms all bought orange juice from Sunterra. Damn was it tasty. Went back home to my OJ from concentrate. To this day Sunterra stands as this beacon of wealth and privilege to me.
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I could see that. It reminds me of the 2010s when I was a cubicle warrior downtown, and had lunch plans with a co-worker I was in interested in (back when I did that stuff at work...I learned my lesson eventually  ).
She loved it there, it always felt so overpriced and silly to me. But it tasted good, so I just tried to ignore the price for what it was.
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02-07-2026, 02:36 PM
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#46
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Franchise Player
Join Date: Mar 2007
Location: Income Tax Central
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Quote:
Originally Posted by flames_fan_down_under
I did not grow up well off whatsoever m, but had friends in high school whose parents had money, I remember their moms all bought orange juice from Sunterra. Damn was it tasty. Went back home to my OJ from concentrate. To this day Sunterra stands as this beacon of wealth and privilege to me.
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__________________
The Beatings Shall Continue Until Morale Improves!
This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.
The World Ends when you're dead. Until then, you've got more punishment in store. - Flames Fans
If you thought this season would have a happy ending, you haven't been paying attention.
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02-07-2026, 03:31 PM
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#47
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Powerplay Quarterback
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Quote:
Originally Posted by Locke
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I hope you enjoyed it, Minute Maid is no longer going in the can.
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02-07-2026, 03:48 PM
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#48
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Franchise Player
Join Date: Aug 2005
Location: Memento Mori
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Quote:
Originally Posted by Sainters7
I could see that. It reminds me of the 2010s when I was a cubicle warrior downtown, and had lunch plans with a co-worker I was in interested in (back when I did that stuff at work...I learned my lesson eventually ).
She loved it there, it always felt so overpriced and silly to me. But it tasted good, so I just tried to ignore the price for what it was. |
Sorry, your co-worker tasted good?
__________________
If you don't pass this sig to ten of your friends, you will become an Oilers fan.
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02-07-2026, 03:59 PM
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#49
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Franchise Player
Join Date: Dec 2005
Location: back in the 403
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02-07-2026, 04:04 PM
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#50
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Franchise Player
Join Date: Aug 2005
Location: Memento Mori
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Looks like the orange juice worked!
__________________
If you don't pass this sig to ten of your friends, you will become an Oilers fan.
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02-07-2026, 04:07 PM
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#51
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Franchise Player
Join Date: Jul 2010
Location: Calgary - Centre West
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Quote:
Originally Posted by Shazam
Sorry, your co-worker tasted good?
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Clandestine office romances, another casualty of work-from-home. 
__________________
-James
GO FLAMES GO.
Quote:
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Originally Posted by Azure
Typical dumb take.
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02-07-2026, 04:47 PM
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#52
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Uncle Chester
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Jerry Springer once used a check to pay for a hooker. Ended his political career. Lucky for him.
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02-07-2026, 05:16 PM
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#53
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Franchise Player
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Quote:
Originally Posted by TorqueDog
Clandestine office romances, another casualty of work-from-home. |
Now it's all about diddling the milf down the street while the kids are at school.
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02-07-2026, 08:00 PM
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#54
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First Line Centre
Join Date: Jan 2021
Location: On the cusp
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Quote:
Originally Posted by Geraldsh
I hope you enjoyed it, Minute Maid is no longer going in the can.
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Excuse me?
__________________
E=NG
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02-07-2026, 08:13 PM
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#56
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First Line Centre
Join Date: Jan 2021
Location: On the cusp
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Quote:
Originally Posted by flames_fan_down_under
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Whoosh.
But thanks for the info.
__________________
E=NG
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