RealNews

Preparing for the worst: Read a banker's post-9/11 playbook

“It’s kind of ironic,” the State of Georgia’s commissioner of banking and finance David Sorrell told me. “We put all of these contingency plans in place in the event of a Y2K disaster, and then nothing happened. But if it hadn’t been for all that Y2K preparation, most banks wouldn’t have been nearly as prepared for 9/11. The investment paid off after all.” Sorrell’s experience with disaster planning for the banking and finance system could provide some lessons for just about any business–even if it’s not integral to national security in the way banks are. Full Story

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