Sunday, April 7, 2013

Bank Holiday Drill? – Major Computer Malfunctions At Three Dutch Too Big To Fails

This week three banks, ING, Rabo and SNS, simultaneously suffered major computer malfunctions, leading to a temporary closure of their on-line facilities.

Their problems were 'unrelated'.

This was completely unprecedented.

The chances of this being coincidence are close to zero.

For years some in the blogosphere have speculated that 'computer problems' might be a good excuse for the Money Power to call a bank holiday and 'reorganize' their system.

This looks like a drill.