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Federal Reserve To Use Internet For Money Transfer

An anonymous reader writes "According to the New York Post, the Federal Reserve (i.e. Alan Greenspan and Co.) is going to change the way that it transfers money between banks so that transfers now take place over the internet instead of via a private banking network. They aren't specifying the types of security measures that will be used (security through obscurity?) Am I the only one who thinks that this is a very bad idea? Might a DDOS attack on the Fed's computers bring down the entire banking system?" The banks have put some thought into security.

13 of 318 comments (clear)

  1. Yes! Glad you asked! by Anonymous Coward · · Score: -1, Offtopic

    you need to be impaled with goat cock you shit for brains faggot.

    -c0wBOiKNeeL

  2. Incidentally, they're infringing on my patents by Anonymous Coward · · Score: 0, Offtopic

    I've patented the process of Sperm Banking over the internet.

    1. Re:Incidentally, they're infringing on my patents by jimicus · · Score: 0, Offtopic

      Several porn sites have prior art.

  3. Off-Topic Request.... by Anonymous Coward · · Score: -1, Offtopic

    Any chance we could get a more-pixelated image for the "Almighty Buck" graphic on the homepage?
    The thing looks like some high-school kid's graphic from his first homepage in 1983.

    image

  4. Re:First transaction by Anonymous Coward · · Score: -1, Offtopic
    I modded it troll because it was not funny and there is no "unfunny" moderation. It's my opinion, I'm entitled to it and the modpoints granted to me by the editors for actually contributing to this site allowed me to enforce my opinions.

    Got a problem with that?

  5. Re:First transaction by Anonymous Coward · · Score: -1, Offtopic

    Yes, because you are a dork.

  6. Re:First transaction by Anonymous Coward · · Score: -1, Offtopic

    what a prick.

    how about using your mod points to mod up good things instead of calling people trolls because you don't find them funny?

  7. Re:First transaction by Anonymous Coward · · Score: -1, Offtopic

    hahaha - oh man - you are a massive tool. That's awesome.

  8. Re:First transaction by Anonymous Coward · · Score: -1, Offtopic

    Way to undo your moderation by posting, idiot.

  9. Re:New Federal eBucks! by eln · · Score: 0, Offtopic

    Huh? I can go out and get some money with no gold to back up its value right now. All I have to do is go to an ATM.

    Money hasn't been linked to gold since 1933, and hasn't been linked to any other thing of value at all, except other currency, since 1974.

    The value of the dollar can rise or fall dependent on many different factors, but gold is not one of them.

  10. Re:Possibly. by TedCheshireAcad · · Score: 0, Offtopic

    Republicans owe me an apology to this day for that one. Yes the only president to shoot missiles at bin Laden got shut down cause he had a blowjob. You owe me an apology, republicans.

    We're sorry. Please accept this complimentary copy of Fahrenheit 9/11 and this gift certificate, which is good for one free vasectomy so that you will not further degenerate the human race. I know, threaded discussions are hard, try to stay on topic next time.

  11. Re:Possibly. by jcr · · Score: 0, Offtopic

    the only president to shoot missiles at bin Laden got shut down cause he had a blowjob.

    Two mistakes: 1) he didn't get shut down, he beat the rap. Formerly honorable members of his own party held their noses and voted to acquit him, in the name of party loyalty. I've never seen Roberty Byrd (D- w.VA) look more disgusted than he did in casting that vote.

    2) It wasn't for the blowjob, it was for lying under oath. You're not allowed to lie under oath in this country, unless you can count on your situation being so embarassing to a major party that you can count on your buddies to give you a walk, even if it causes your VP to lose the upcoming election. (Blame Nader? Give me a fucking break.)

    Clinton shot missiles at bin Laden.

    Well, let's give him a gold star for effort, then! Perhaps if he hadn't gutted the intelligence services, he might have had a chance of actually killing the SOB by sending the air strikes when the asshole was in town?

    -jcr

    --
    The only title of honor that a tyrant can grant is "Enemy of the State."
  12. Re:Possibly. by redfcat76 · · Score: -1, Offtopic

    >the only president to shoot missiles at bin >Laden got shut down cause he had a blowjob.

    >>Two mistakes: 1) he didn't get shut down, he >>beat the rap. Formerly honorable members of his >>own party held their noses and voted to acquit >>him, in the name of party loyalty. I've never >>seen Roberty Byrd (D- w.VA) look more disgusted >>than he did in casting that vote.

    I agree. Clinton did a very disgusting job. His on-air refuttal "I never had sexual relations with that woman" was pretty pathetic. On the other hand, I still maintain republicans in congress owe me an apology because although he was lying about his sex life, he was still shooting missiles at the man who was planning to fly airplanes into the two world trade center towers, the pentagon and the white house and the capital.

    >Clinton shot missiles at bin Laden.

    >>Well, let's give him a gold star for>> effort, >>then! Perhaps if he hadn't gutted the >>intelligence services, he might have had a >>chance of actually killing the SOB by sending >>the air strikes when the asshole was in town?

    He missed him by like half an hour.
    If your Republican congress had given him
    support he would have nailed that fucker down.
    I won't degrade myself by naming republicans
    involved in sex scandals or even JFK (another
    democrat).

    If the Republican controlled congress
    had been thinking about the security of the
    country rather than making sure every 4th grader
    in the nation had to learn what a blowjob was,
    we could have shut down bin Laden years before
    his offensive against New York, Washington D.C.,
    and Pennsylvania ever occured. And yes the
    Republican president bragged months later that his "trifectorate" attacks against New York,
    Washington D.C. and Pennsylvania gave him
    a lot of unanticipated power. I saw it on CNN.
    Bush laughed, then bragged about his "trifectorate."
    Deny it if you want to but Bush did SHIT to stop
    the attacks and then bragged about them afterwords.
    9/11/2002 Bush was talking EXCLUSIVELY about
    Iraq.

    Why vote for a president who was on the watch
    for the biggest attack on our on soil in the
    history of the nation? (Maybe the british
    burning Washington D.C. was bigger).

    Bush FAILED.

    Vote for him if you honestly feel like he
    deserves another chance.

    I am very mad at him and every other Republican
    who feels like he has done a good job.