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To: Ahda who wrote (37270)	7/17/1999 4:24:00 PM
From: Hawkmoon	Read Replies (3) \| Respond to of 116762

Yeah... I saw that article. I guess I should have posted it here. It will be interesting if they report such a theft, but considering that large thefts have already taken place (Mr. Frankel is a great example), and there are reports of various banks having been extorted by hackers penetrating into their systems, I doubt it we would find out about it with any degree of certainty. The banks involved would suffer an instantaneous crisis of confidence with mass withdrawals. The Fed would step in to maintain its liquidity through cheap loans at the overnight window. Regards, Ron

To: Ahda who wrote (37270)	7/18/1999 8:06:00 AM
From: long-gone	Read Replies (1) \| Respond to of 116762

<< I wonder how much fraud is going on out there now that our banks will have to absorb.>> You don't get it, banks (like all companies) never "absorb" any cost increases due to fraud, theft, or increased taxes, all costs of operation are passed on to the consumer directly via increased cost or indirectly through higher cost of insurance - the FDIC will be supported by taxpayers in the worst of times. Increased taxes are considered by many to be the greatest single driver of inflation.