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if the banks ware hit by a tornado & earth quake & tilde wave. the money would Still be in the vaults.
Phage
reply to post by UxoriousMagnus
So what I'm getting here is the Fed telling banks to stress test to ensure compliance with Dodd-Frank and the Bank of OK is saying it's because of tornado's and floods. . ? Maybe I'm reading this wrong.
I don't see anything about stress tests from the Fed. Just a friendly reminder to the 8 to mind their Ps and Qs to avoid the same kind of crap that triggered the banking mess previously.
edit on 2/7/2014 by Phage because: (no reason given)
Phage
reply to post by Rosha
China and Russia doing it too then eh?
Chinese and Russian banks are having disaster drills?
Read the memo from the Fed. It has nothing to do with disaster preparedness.
edit on 2/8/2014 by Phage because: (no reason given)
I guess I'd better withdraw my $94.31 from Chase!
even though we're very NOT in any danger of collapse.
Rosha
If drills of this type are are so common place then,could you please quote/provide us with an item of paperwork or an image of said paperwork that shows this kind of event occurring as globally, ever before, ever? Can you provide any internal banking announcement to us that demonstrates previous drills of this nature have occurred on this same scale? I do not mean ones that are routinely scheduled, like internal fire drills or similar, ones that are required by law...
Rosha
It is not as if there haven't been massive earth based events for some time or, strains on the economics of the USA system that might give rise to such warnings.
This is a set up, sorry but this is what I see, they're going after someone or at least stress testing, and as it is global not only the US this seems to be 'it'. I cant just ignore this. Bank of NZ, Commonwealth bank etc so at least two AU and NZ banks are affected too by these ordered 'drills' both linked to 'events external and climate issues' yet last time we had a big earth event here was hm....a 5.1 quake in Newcastle ten years or so ago no where near a bank and our cash deposits come under different regulations to yours, we do protect 80% of our cash flow and banks are regulated and required by law to guarantee that.
Wrabbit2000
I grow SOOOO tired of our own Government maximizing every opportunity to have drills timed to coincide with instability or rumors of it in precisely the area being drilled.
You'd almost think keeping the nation on edge and stressed 24/7 without let up was the end goal here...and I'm thinking it is actually. I've suspected that for quite awhile now, but stories like this do much to confirm it.
Enough with the perpetual crisis...we're sick and tired of our own leaders pumping up the ulcer and stroke rate across our nation, as if it's a sporting event someone is keeping score with.
Wrabbit2000
Enough with the perpetual crisis...we're sick and tired of our own leaders pumping up the ulcer and stroke rate across our nation, as if it's a sporting event someone is keeping score with.