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Topic: Nice job Justin! - page 3. (Read 363 times)

hero member
Activity: 1764
Merit: 584
February 17, 2022, 11:44:40 AM
#1
I just can't help but mention this since we've already had a lot of discussion about the Canadian government freezing the Freedom Convoy protesters' bank accounts.

https://tokenist.com/big-banks-in-canada-face-outage-day-after-emergency-declared/

Headline:

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A number of major Canadian banks were hit by an hours-long outage on Wednesday. The outage happened one day after the Canadian Government invoked the Emergencies Act, giving officials the authority to freeze bank accounts of suspects, seize protesters’ trucks, and suspend their vehicle insurance.

Congratulations Justin. You just singlehandedly destroyed the trust of Canadians on the banking system. We are possibly seeing the start of a bankrun. Even assuming most of the outages are with mobile banking than ATMs, it showed that people are getting anxious and could start pulling funds in the coming days.

Worst thing that could happen after is that they'd lock people out of their money by limiting withdrawals, like what happened when Greece when bankrupt. Except here there's no severe economic reason for people to take out all of their money - it's simply a response to the government's authoritarian actions.
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