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To: taxcontrol

Mostly the bank needs to review the controls in place and establish a process that more quickly detects changes to account / system authorizations.


This would be a good time to have actual cash on hand. One thing people fear is some sort of computer catastrophe shutting down all ATM’s and credit card transactions. However, the actual catalyst could be the banks voluntarily, all of a sudden, and all at once, shutting the system down to prevent the hemorrhaging of cash. The impact on us would be the same.


19 posted on 08/13/2018 1:07:05 PM PDT by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: cuban leaf

Couple years ago we had a warning of a big winter storm coming to our coastal community. I went to the ATM and gas station. When the storm hit the ATM’s and gas stations went down for a couple days. I had gas for car and generator and cash. Relief helicopters could not fuel up at the airport because their pumps didn’t work either.


68 posted on 08/13/2018 2:43:22 PM PDT by Cold Heart
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