Cash machines were monitored every hour during banking crisis

[Slimprofits]

I like this reporting of one detail because it gives us an idea of the type of data the higher ups are working with.

How far up the chain does it go? Is Echelon network being used globally to monitor transactions on a constant basis?

http://www.guardian.co.uk/business/2...is-one-year-on

City watchdogs were monitoring cash withdrawals from Royal Bank of Scotland every hour during the height of the banking crisis, the Guardian can reveal.

The Financial Services Authority demanded 60-minute updates on cash flooding out of the bank's branches and hole-in-the-wall machines in the days before Britain's historic bank bailout, which took place a year ago.

The regulators stepped up their surveillance after realising that confidence was draining from the banking system following the collapse of Lehman Brothers a month earlier, and that customers were concerned about the safety of their deposits.

[..]

While there were no queues around branches in the way there were when Northern Rock ran into difficulties two years ago, the dramatic pace of withdrawals left the authorities with little option but to bail out the weakest high street banks to avert their collapse.

[goadam1]

Re: Cash machines were monitored every hour during banking crisis

I imagine page 567 paragraph 3 of the Patriot Act allows the Government to monitor atm transactions.

Also, why wouldn't a bank monitor all transactions. With present and expanding computer power a company can watch and aggregate just about every aspect of their business.

Now if you wouldn't mind putting this chip in your arm we could make it work perfectly.