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Technology Stocks : Discuss Year 2000 Issues -- Ignore unavailable to you. Want to Upgrade?

To: Ken who wrote (6416)	7/9/1999 10:59:00 AM
From: David Eddy	Read Replies (1) \| Respond to of 9818

Ken - There is not now & will never been any such thing as certified Y2K compliant. Looking for some sort of seal of approval is a waste of time & effort. Banks have had a LOT of experience with deal with screw ups, because (1) they're massive users of computing technology, and (2) the managment of technology in many banks is abysmal... so they've had lots of practice with coping with massive snafus. I know nothing specifically of BoA in current Y2K terms... which leads to WHICH BoA, the original in San Francisco or the new merged one in North Carolina (which took the BoA name?). The San Francisco BoA has had a looooong track record of financial success & internal snafus. The bank in North Carolina is well run by a bunch of very steely eyed control freaks who have an excellent track record of keeping their eye on the ball. I'm betting on the control freaks. The over all point I was attempting to make is that the banking industry (as an INDUSTRY) has been pushing the longest & hardest on Y2K issues. Regarding the availiabity of "money"... well that gets into a very lengthy & complex discussion of the definition of money. The Federal Reserve/Alan Greenspan is well aware of what's at stake here... plus Greenspan wrote Fortran code in an earlier life, so he knows what the problem is. They've got lots of tricks up their sleeves. Just remember that monetary policy is now & always has been a game of smoke & mirrors... and Alan Greenspan knows how to jiggle the levers. - David