Y2K (Year 2000): Is Wall Street & Banking Vulnerable? Message Board

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Technology Stocks : Y2K (Year 2000): Is Wall Street & Banking Vulnerable?

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To: bearcub who wrote (14)	5/28/1999 11:56:00 AM
From: Ken Salaets	of 158

If you mean veto the eventual liability bill, no, I don't think he will. Rather, he will wait until Congress is out of town during the August recess and then claim credit for it during a Rose Garden signing ceremony! The WH gang is attempting to water down the McCain-Wyden-Dodd compromise to the point of irrelevance, but is meeting substantial resistance, including from the principal Democrats supporting S. 96. The WH made a concerted effort to drive a wedge between the IT industry and the rest of the Year 2000 Coalition, but failed. Unfortunately, there are members of my community who walk into those meetings with their arms behind their backs, begging someone to twists it, so there will likely still be turbulence on that front. The Dodd compromise is a reasonable, balanced bill which benefits no particular interest group. Everyone has to give up something (including the trial lawyers), and in my experience in D.C., that's the definition of a good bill. ggg. Note to Christine: don't know if there are any polls being taken by the WH, but I know for a fact that the trial lawyers are engaged. Ken

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