JPMorgan Chase customers see zero balances after technical glitch

JPMorgan Chase customers see zero balances after technical glitch

m.infoworld. com

Customers of JPMorgan Chase reported seeing zero balances in their accounts both online and on mobile, and speculated that the bank's systems had been hacked into.

The bank however clarified late Monday that it was having a technology problem regarding customers' balance information that it was working to resolve.

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So today this happened, right in the middle of the ongoing Cyprus debacle. Millions of JP Morgan Chase customers saw their savings and checking account balances magically drop to $0.

It's not really being reported on in the MSM or so I've been told (I refrain from watching TV when I can) although there was a local report our of CA and Alex Jones and other alternative media picked it up.

Many on Twitter and throughout the Internet-verse theorized it was the result of a hacking, of course. But the official narrative or explanation is that somehow it happened because of a "glitch".. Whatever that means, somewhat ambiguous.

The accounts have been restored as of now and I'm still monitoring ongoing updates. I did a quick search and saw no thread, if there is one, mods you know what to do.

Any theories? Of course many are speculating this was no accident but a "dry run", if you will, to test out the publics reaction to such an event. Most of us are aware of how our fractional reserve banking system is run and the fact that the physical assests the banks hold could never account for the amount of electronic money most of us have in our accounts. If the banks suddenly drain our bank accounts, or something of the sort happens, there would be all out chaos, of course. Was this an attempt at gauging public reaction?

m.infoworld. com
(visit the link for the full news article)

reply to post by PatriotGames2


If a dry run, I hope they got the results they were expecting. (Of course, they should have been expecting heads to roll within minutes. I mean literal heads, literally rolling.)

reply to post by CrikeyMagnet


Rolling around in laughter...you mean?

Alex Jones has covered this in detail today on his radio show.



www.infowars.com...

-SAP-

A few days after the Cyprus debacle, i doubt it's a coincidence.

They're testing the waters to gather the public's reaction so they can figure out the best approach.

Bank holiday's and 14% slices/trims coming soon to the states aye?

reply to post by SloAnPainful


Yeah, I tuned into his show today while at work. Entertaining as usual.

I'm trying to find the video of the local news report out of California that he kept playing. In the report, they interviewed "locals" and their reaction, cannot remember if those talked to were directly affected or not, but Jones and a caller to the show made an interesting observation about one of the people interviewed. Their response was along the lines of, "I trust the government to handle a situation like this if it became widespread and serious enough". Jones and the caller thought it sounded rehearsed and thought maybe it was an actor (similar to those interviewed on the NYC streets during and immediately after the 9/11 attacks who conveniently explained the Twin Tower collapse due to structural failure based on the fires, pushing the official narrative into the mainstream consciousness, which Jones made reference to). Obviously that's quite a conclusion and cannot necessarily be proven. But I thought it interesting nonetheless.

saw an aritcle in Marketwatch this morning stating how the Cyprus thing
very well can happen here in the US,.
Since I the intrest made in my accounts isnt worth the risk I'd already removed
the majority of funds to a more secure location.. I did this many months ago.. advice from
a financial advising friend.

saw an article in Marketwatch this morning this morning stating how the Cyprus thing
very well can happen here in the US,. Since the interest I'd make on my accounts isnt worth
the risk,. Id moved my funds to a secure place many months ago,. per advice from a friend of
mine in the financial world..

reply to post by PatriotGames2


Yep saw I went broke yesterday too. It was interesting timing since yesterday I was expecting a large wire from selling my house. It freaked me out for a second, but I didn't call about it or anything. I clicked the transfer button and finally got a message about online access errors. Today everything looked fine, and my extra cash was safely in the account.

When we rely so heavily on technology, it's pointless to get upset over this type of occurrence. It's expected.

Reply to post by SloAnPainful

let me guess, alex made it sound like a huge deal, right? Lol. It is nothing more than a technicality. Its nothing to worry about. Not in this instance. As someone pointed out, they saw zero dollars in their bank account, then it was later showing it was all there. His, and everyones money is safe and sound as usual.


Posted Via ATS Mobile: m.abovetopsecret.com

reply to post by TheMistro81


Watch the video.

I just found it a little weird. Cyprus and now this...

-SAP-

Originally posted by dominicus
A few days after the Cyprus debacle, i doubt it's a coincidence.

They're testing the waters to gather the public's reaction so they can figure out the best approach.

Bank holiday's and 14% slices/trims coming soon to the states aye?

That was my first thought too. They want to anticipate what will happen when they lock the accounts for real.

I was thinking, now that wouldn't be so bad if we were talking about my master card bill.
But you can bet THAT will never happen.

Still, scary to see that on your computer screen. Sheesh!

Reply to post by SloAnPainful

I cant watch the vid right now, but I will. I see your point of it being strange after cyprus, but I really doubt theyre connected in any way. At all.... These glitches happen all the time. Some people go into paranoia mode after seeing things like cyprus though. I wont be one of them.


Posted Via ATS Mobile: m.abovetopsecret.com

reply to post by TheMistro81


I wasn't aware of that they happen all the time.

-SAP-

Here's a "companion reader" for those who abhor Chase like I do --
a double dose of Sweet! today!!
www.abovetopsecret.com...

The Spectacular Rise and Fall of Jamie Dimon, Wall Street’s Golden Boy

reply to post by TheMistro81


I don't think the point was to worry your money was being stolen. Not in this instance, at least. The accounts went back online as the report states and everything went back to normal. The issue most people have is why and how did it happen?

Some of you are suggesting things like this happen all the time but I've never heard of anything like this and it's never happen to me before. I've heard some make the great point that a glitch would have resulted in most likely a denial of access to the account or an error message. Not the account showing up as $0.

Some will dismiss this right away as nothing to see here, folks. I'm hesitant to make any judgement one way or the other so quickly. I do believe it is odd though.