[wisconsin_cur]

$this->bbcode_second_pass_quote('ReverseEngineer', ' ') I just am looking for SOME sign that would tell the recalcitrant who think we can work out of this with a slow die off that it really IS over.

[ReverseEngineer]

$this->bbcode_second_pass_quote('wisconsin_cur', '')$this->bbcode_second_pass_quote('ReverseEngineer', ' ') I just am looking for SOME sign that would tell the recalcitrant who think we can work out of this with a slow die off that it really IS over.

[smallpoxgirl]

$this->bbcode_second_pass_quote('miskatonic', 'V')isa and Mastercard are not lenders (banks). They are simply the network that the transactions are made over. Their stock is healthy because transactions have not stopped. (or slowed down?)

[smallpoxgirl]

$this->bbcode_second_pass_quote('ReverseEngineer', 'B')ased on the Houston Report we got here in this "crazy" thread, it appears to me at least it ALREADY is TEOTWAWKI.

....

Now of course, 1 million people in and around Houston who cannot get food might not seem like a serious problem to you, but it does to me. Not to mention all those folks a bit outside the hubs off the Colonial who already have no gas, and if gas isn't being delivered to those areas, food isn't either.

[ReverseEngineer]

$this->bbcode_second_pass_quote('smallpoxgirl', '
')How many people exactly have starved to death in Houston?

[SchroedingersCat]

I used to design data centers for ATM transactions. The ATM network has 1-3 days of cash at any given time. Higher demand will of course drain that at a higher rate.

A bank or a private company funds the initial ATM transaction -- whether it be cash in an ATM machine or covering a debit card payment at a store. They are saying "I think the network will pay us back, but I want a cut for my risk."

The various networks and gateways to other networks send the transactions to the bank that issued the ATM card. They all get a little piece of the action for carrying the traffic.

Finally, the issuing bank receives the transaction. They look at the account holder's balance and say yes or no to the amount. At the end of the next business day they settle with all the other players through the Fed.

If the issuing bank isn't available, the other players might "stand in" for them and get a little more for their risk.

It's a delicate dance based on trust and a certain level of cash requirements. Visa, MC, Cirrus, etc won't be able to help you if the banks behind them lose their ability to honor your ATM or debit card request.

[ReverseEngineer]

$this->bbcode_second_pass_quote('SchroedingersCat', 'I') used to design data centers for ATM transactions. The ATM network has 1-3 days of cash at any given time. Higher demand will of course drain that at a higher rate.

[PenultimateManStanding]

To answer the OP, I took out $300 from a credit card at a Wells Fargo ATM yesterday. Went for another $200 today and the message was they couldn't process the transaction. I've got 5 grand cash advance credit on that card. Used the same card today to buy 50 bucks groceries. Hard to say what's going on, but there are no doubt complex algorithms working in computers all over the place. Tried to get 4000 from an unused Bank of America credit line of 4500 and they canceled the account because I hadn't used the card for a couple years and it was paid down. That probably was because of the size of the request for access to funds they had granted me in credit. Maybe they have these red flag kinds of things in the programs.

[smallpoxgirl]

$this->bbcode_second_pass_quote('OilFinder2', 'M')y checking account is at Washington Mutual, and I went to the ATM today and it went just as normal.

Sorry, no doom today.

[Falconoffury]

Wachovia has some time to go. Citigroup is next.

[vision-master]

My Credit Union wanted a electronic copy of my DL the other day. The Teller was "hot" so I got week knees and folded. Guess it won't make any difference unless the FBI is looking for me, huh?

At least I get free checks now - age 55.

[ubercrap]

$this->bbcode_second_pass_quote('Falconoffury', 'W')achovia has some time to go. Citigroup is next.

[Buggy]

$this->bbcode_second_pass_quote('ubercrap', '')$this->bbcode_second_pass_quote('Falconoffury', 'W')achovia has some time to go. Citigroup is next.

[Falconoffury]

That surprises me. I thought Citigroup had many times more off balance sheet losses than Wachovia.

[smallpoxgirl]

Thanks to section 132 of the housing bailout bill, they can keep them off balance sheet.

[the48thronin]

$this->bbcode_second_pass_quote('Falconoffury', 'T')hat surprises me. I thought Citigroup had many times more off balance sheet losses than Wachovia.

[letitburn84]

I've been able to take out an undisclosed amount through my debit card over the last 4 days that no doubt would and should have set off red flags in any computer system that would be checking for such anomalies, if such flags or checks were to exist. Nada.

[the48thronin]

$this->bbcode_second_pass_quote('letitburn84', 'I')'ve been able to take out an undisclosed amount through my debit card over the last 4 days that no doubt would and should have set off red flags in any computer system that would be checking for such anomalies, if such flags or checks were to exist. Nada.