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Technology Stocks : Y2k Why the stock-market will collapse within days/week
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To: Henry Volquardsen who wrote (153)5/27/1998 12:02:00 PM
From: david sosiak  Read Replies (2) of 185
 
Henry,as I already mentioned small banks are in unique situ to benefit from Y2K
banking problems because they are not/not technology based,they are not networked,interconnected or plague by computer technology or designer software like the big banks.
Moreover,many,many of these banks still do things by old fashion methods,like pen and paper,seems rather interesting but they will benefit the most like all other companies than can and still use the old proven methods.
What is not/not true is this nonsense that the big banks will make it and the small
banks won't.This is the greatest Y2K myth out there. Since,you claim to be in the banking business maybe you can enlighten us as to what contingency plans banks
are making to prevent the inevitable bank run or commonly known as "unplanned share outflow".When you sir, start answering the questions we will continue this matter,not before.

Regards,
Dave
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