U.S Banks Told To Prepare For Total Collapse!

[Guest ArmyVeteran37214]

http://www.chicagotribune.com/business/sns-rt-us-banks-recoveryplansbre87905n-20120809,0,3006538.story

http://www.infowars.com/u-s-banks-told-to-make-plans-for-preventing-collapse/

[Sam1]

Eh that's just part of a BCP/DRP. Common practice in the technology field for even small businesses, and it's finally moving around to all aspects of the company.

That was funny though when he said "This is a red level, emergency transmission!" good 'ol Alex never fails to entertain lol

(just to clarify his "sky is falling" scenario) On the same article he is referencing it has a link to the JP Morgan Chase plan, that was dated March 2012 (viewable by the public and not secret) says in the opening:

ï® Recovery plans detail the actions a firm would take to avoid failure by staying well-capitalized and well-funded in the case of an adverse event

ï® Resolution plans detail strategies for rapid, orderly and least-cost resolution under ordinary insolvency law in the event of failure (without the use of taxpayer money)

And it states that this is just part of that dumb Dodd-Frank law

Edited August 12, 2012 by Sam1

[Garufa]

Eh that's just part of a BCP/DRP.

Define please. What do these acronyms stand for?

[Sam1]

Disaster recovery plan and business continuity plan

[TN Outlaw]

hhmmmm

[G27]

35,073 unread emails?

[Sam1]

35,073 unread emails?

and 35,071 of the people that sent them are all sitting at home thinking there's some government agency filtering the emails out to keep him from contacting them back

[TMF]