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Strategies & Market Trends : Picks, Pokes, Pigs, Porks & The Penis Envy Trade of the Day!
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To: John Pitera who wrote (46)12/15/2000 3:11:02 PM
From: Jorj X Mckie  Read Replies (2) of 111
 
John, thanks for that info.

As far as the Y2K concerns, I have no doubt that XOM and GE did not waste money fixing those problems. The problem was real. The real issue though is that XOM, specifically, had resolved the Y2K issues at least 1 year prior to the event. So, it isn't that it was wasted money, it is that the Fed did not keep up with the state of the Y2K remediation efforts. It is still my contention that the fed acted irresponsibly by adding liquidity through Dec 31, 1999 when the problems had been resolved long before.
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