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Technology Stocks : Discuss Year 2000 Issues
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To: Ken Salaets who wrote (3843)2/12/1999 6:14:00 PM
From: flatsville  Read Replies (2) of 9818
 
Ken--Your right. y2k is not a partisan issue. But, I have that baaad feeling that it will soon become one. (Vague recollections of Newt Gingrich comments about using y2k to...?)

Here is an interesting exchange between two poster on csy2k. (flw is a trial lawyer.)

------------------------------

M.Kobobel wrote in message <79r4tc$odj$1@juliana.sprynet.com>...
>In the state where I live, the legislature has refused to
>fund the remediation project for state government, providing
>less than 10% of the budget necessary for the task.
>However, they are in the process of writing legislation
>that exempts the state government from any liability for any
>Y2K related failures (and specifically excluding consultants
>and contract firms from that exemption). Any guesses how
>likely this state is to complete the remediation or even get
>close?
>
>Anybody else following state or federal legislation and
>budgets? Have other states taken similar steps?

As I have stated in previous posts the handwriting is on the wall.

As started by Colorado which is proposing legislation to immunize debtors
from post Y2K debts, this will ultimately be the law of the land.

For anyone to believe that there will millions of Y2K lawsuits post Y2K is
not
dealing with reality.

The Federal Government and the States will provide a "Global Settlement" and
statutory immunity regarding all Y2K failures. The alternative would be a
massive
choke of the national economy with millions unemployed and no capital to
restart
the economy.

This is the Big Secret that all the major corporations and governmental
agencies
assume. This is the unspoken reason why Fix On Failure is ultimately the
solution of
choice and why remediation is a Trojan Horse.
flw
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