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From an IT guy. "I'm a BofA IT worker and can tell you there is a large event going down this weekend.
They're implementing what they're calling the "October Release".
My understanding is that this is a software and systems upgrade which is somehow tied into the FED and their regulations.
If this is a Federal Reserve activity, that would explain why ALL banks and credit unions are involved. We've been on a change lockdown for the past week and threatened with our jobs if we f*** anything up.
We'll have to wait and see what happens on Monday, but I wouldn't read too much doom into this. We do this several times a year".
Read the rest of the responses, beyond coincidence I think.
Source: http://articlesofinterest-kelley.blogsp … prise.html
So, what happened? Or was that just a preparatory stage for something to be announced later this week or in November sometime?
Ironically, my bank rang me at home last Thursday and asked me to come in tomorrow morning for a routine "chat". Can't imagine what that is all about and they have never ever done it before in the forty odd years I've been with them; so much for routine. May be they're going to repay me all those bank charges.... Yeah, right!
Most of the comments on that site point to the facts that virtually every bank were shut down over the weekend to "update".
Sounds like this is the new Basel 3 banking system going onstream.