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Technology Stocks : Discuss Year 2000 Issues
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To: Ken Salaets who wrote (5820)5/25/1999 11:24:00 AM
From: Scrumpy  Read Replies (3) of 9818
 
Don't get me started. These aren't mom and pop "Savings & Loans". And if I recall correctly the central bank, led by Greenspan, came to WS pleading for a cooperative effort to bail out Long Term Capital. To wit, many investment houses did enormous debt underwriting for Russia. Russia collapsed, and despite the extraordinary loss, these firms were still profitable. Trust me, your Y2K concerns were remediated years before the press woke up and and told you about them.

Scrumpy
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