3 ms·

Why would banks need to go offline for hours to freeze some accounts?

• gruez 5y ago
  government decrees that certain accounts need to be frozen. the infrastructure to do so isn't there and needs to be implemented/deployed, or is implemented but hasn't been used in a while so nobody knows how it works. in either case, the roll-out gets bungled and causes downtime.
  • gpm 5y ago
    The infrastructure to freeze accounts has existed forever, it's not a new concept.
    • deleted 5y ago
      [deleted]
• benmmurphy 5y ago
  i thought the conspiracy theory was there was a bank run caused by lack of faith in the banking system and then in order to stifle the run banks had some 'downtime' and 'networking' issues.
• deleted 5y ago
  [deleted]