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Technology Stocks : Y2K (Year 2000): Is Wall Street & Banking Vulnerable? -- Ignore unavailable to you. Want to Upgrade?

To: O. H. Rundell who wrote (107)	7/24/1999 12:40:00 AM
From: C.K. Houston	Read Replies (1) \| Respond to of 158

<Has anyone heard anything of the outcome of the July 19 "get together" between Credit Suisse Group and the Japan's Financial Supervisory Agency?> Havent't heard. But, if you have the time ... could you check this out and summarize any key points. They seem to be following situation here: Message 10629763 Don't have time to investigate. And flatsville's out-of-pocket for a while - won't have access to computer until next Tuesday. Cheryl

To: O. H. Rundell who wrote (107)	7/24/1999 2:37:00 AM
From: C.K. Houston	Respond to of 158

OFF TOPIC - but very interesting. ... Along the same lines, Goldman Sachs just went public too. A large, old private company going public isn't really too interesting. What IS interesting, however, is that Goldman Sachs was once public before! They went public in 1929! When questioned by Congress later in 1934 (or thereabouts), the president of the again private Goldman Sachs remarked that they sold shares in excess of $100 per share. After the crash, they bought them back at less then $2 per share. Curious, eh? The above came from this discussion ... I was watching CNBC today and was not paying too much attention until I heard one of the talking heads say that a move is afoot to have the NYSE Specialists go public with new IPO's. This will allow the Specalists to control a potentially volitable market since they will have more liquedity (money) as a result of the public offering. They said this could happen as early as September of this year. This really got my attention as it is an unprecented step. For those of you who don't know, one of the roles of a specialist is to act as a principle as a buyer or seller of stocks to ensure an orderly market. Are they taking this step to ward off potential Y2K problems? Sure looks that way to me. -- Watcher6 (anon@anon.com), July 23, 1999 greenspun.com Cheryl