Tidbits of Conspiracy News

TIDBIT: ANOTHER GLITCH EX MACHINA

Apropos of today's main blog, V.T. spotted this short article at Zero Hedge about yet another glitch ex machina at Fidelity brokerage:

"Glitch" Or Hack: Countless Fidelity Accounts Showing Zero Balance

And note the following comment:

While we assume this pesky "glitch" will be resolved promptly, we should point out that if the market were to ever again suffer a down day and should investors wish to sell some/all of their holdings, this would be a convenient way to quickly and efficiently prevent that from ever happening.

8 thoughts on “TIDBIT: ANOTHER GLITCH EX MACHINA”

  1. You know, this is one of those stories where the “glitch” could represent a whole host of “back-end” possibilities–with nary a way to decypher which of them may be in play. It’s the most convenient non-answer on the planet these days with respect to computer software. If we didn’t get any disclosure requirements for the missing money related to the bail-outs in 2008, I doubt we’ll get a legal apparatus requiring disclosure explaining the nature of “glitches” in the financial community either. Every corporation’s glitch is another team’s opportunity to do either good (as in recover data that was corrupted by some means) or evil (as in steal billions of dollars by rerouting bank accounts to an offshore account.)

    1. I personally suspect this one is an internal issue. Whatever problems are recurring here, I would expect some sort of structured response may be required to calm a very nervous client list. This company may find itself in serious damage control if this is not attended to properly. I wish them well.

  2. Wonder which door it might be behind: Door of compromised networks; Door of coerced management; Door of unsecured login ins and data breach exploits.

    No doubt there are those who do not want to elaborate just yet due to returns / stock prices.

  3. Robert Barricklow

    Don’t worry, if they stole the money they’ll soon be working in Washington D.C. w/the other thieves that steal life savings from the public they serve? Or, is the public that serves them?

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