Using a coded transaction system, somebody’s lifted a bunch of money from the NY Fed (on demand).
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a computer-coded messaging system for transacting business between financial institutions world wide. Although its “coded existence” reduces the ambiguous interpretation of transactions, to yield zero defects (and not unintentionally lend into larceny), the risk is still there, shifted, transformed into something on a larger scale.
SWIFT is an economy-of-scale enterprise prone to large-scale abuse, because of its size. Indeed, criminals can swiftly lift funds from the system by simply instructing the system to pay it, shifted, without ambiguity.
Is this the big ugly monster turning on itself, to realize the natural imperative of organized diversity, or is it too possessed with itself to actually know the difference!
(Maybe we should junk all the organized complexity and go with the little birdie, yielding to the coded existence, pre-possessing on demand.)