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Technology Stocks : Discuss Year 2000 Issues
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To: John Mansfield who wrote (2611)9/25/1998 11:21:00 AM
From: Ken Salaets  Read Replies (1) of 9818
 
It's going to take the FDIC picking a bank or two and the SEC picking a couple of companies and making public examples out of them. That will get the public's attention, as well as the business community's. On the other hand, if you don't rein in the lawyers and the inevitable parade of lawsuits, you probably won't get any significant degree of voluntary cooperation from business. The White House and Congress need to gain a genuine appreciation that this isn't business as usual, so it cannot be politics as usual, either. S. 2392 will help, but it certainly is no panacea, nor should it be used as a bludgeon to force "voluntary" disclosures.

Ken
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