‘Malicious Disruptions’ Threaten Financial System: Fed Official…(False Flag, Bank On It!)

Thursday, November 29, 2012
By Paul Martin

CNBC.com
Tuesday, 27 Nov 2012

A top Federal Reserve official warned on Tuesday of potential risks to financial stability from cyberattacks on the U.S. payments system and from a looming funding gap in public pensions.

Lockhart is the latest in a string of government officials and corporate executives who have warned of the potential danger of cyberattacks on the U.S. In October, Defense Secretary Leon E. Panetta warned that the U.S. faced the possibility of a “cyber-Pearl Harbor” from hackers who could dismantle the nation’s power grid, transportation system, and financial and government networks.

In a speech to a conference in the German capital, the president of the Atlanta Federal Reserve, Dennis Lockhart, said that at a global level the span of vigilance needed to be extremely broad.

“Our radar should scan widely — beyond the most obvious sources of risk,” said Lockhart, according to the text of his speech, arguing that markets viewed by some as too small to cause much trouble before the 2008 crisis had ended up posing systemic-scale problems.

The Rest…HERE

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