X-Message-Number: 31111 References: <> From: Kennita Watson <> Subject: Re: How will Alcor & CI handle a bank holiday? Date: Fri, 10 Oct 2008 02:44:18 -0700 Mark Plus wrote: > I'd say we'd have about a 1 in 2 chance of an extended closure of > banks between now and this coming January. If something like that > happens, how will Alcor & CI pay their bills without access to > their respective checking accounts? (Sigh; catastrophising...) If the banks are closed, they aren't processing payments either incoming or outgoing. Whenever my banks have a holiday, due dates are postponed to the first business day on which they are reopened. Personally, I'd put the chances at less than 1 in 2000. There would be a state of national emergency declared if banks threatened to close their doors for any extended period. Many stores would go out of business, many people who live hand-to-mouth would go hungry, and if you thought the stock market tanked last week, just imagine. Probably the stock exchange would have to close down, too. It's not going to happen. I can imagine some extra 3-day weekends, if that would help, but I think they'd rather not do anything that might cause alarm -- people panic. Live long and prosper, Kennita Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=31111