Discuss Year 2000 Issues Message Board

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Technology Stocks : Discuss Year 2000 Issues

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To: John Hunt who wrote (6404)	7/8/1999 10:16:00 PM
From: David Eddy	Read Replies (1) of 9818

John - banks are somewhat farther ahead than most industries in fixing the problem Absolutely. Banking is the last industry to worry about. Because the banking industry is actually regulated, a whole slew of regulators have been pounding on the banks since about 1995. The tone of the memos from the regulators has been candid & direct..."If we find the CIO in charge of your Y2K project Mr CEO, that's a BIG RED FLAG that you're not taking this issue seriously enough!" Message being... get your butt out of the penthouse & get to work!! And on the other hand, the banks have done a totally terrible job of actually informing the public about their efforts & progress. Most effort I've seen is for the ABA (American Bankers Association) go after the KIA & Polaroid ads that were poking fun at Y2K. Very dumb. - David

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