Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

To: gundog

I don’t. Probably similar to the USA (which I also don’t know). Was there ever an explanation for the largest bank’s systems shutting down the other day?


89 posted on 02/23/2022 9:04:19 AM PST by moovova
[ Post Reply | Private Reply | To 35 | View Replies ]


To: moovova
I just checked. Apparently the reserve requirement in the US is currently 0%...they’re blaming Covid. That doesn’t put an upper cap on it. but it’s apparently never required to be higher than 10%. I can see banks getting nervous if too many people start showing up. They could issue checks, but I doubt they’d be happy about it.

I haven’t heard an explanation. At this point, I would be skeptical of anything they said. They can always fall back on “cyberattack...we’re working on it.”

106 posted on 02/23/2022 9:31:36 AM PST by gundog ( It was a bright cold day in April, and the clocks were striking thirteen. )
[ Post Reply | Private Reply | To 89 | View Replies ]

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson