Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Technologyguy who wrote (7658)	8/3/1999 6:35:00 PM
From: bearcub	Read Replies (3) \| Respond to of 9818

i'm not going to make it easy for you, technoj. i told you where to find it, i told you the specific names of 2 of the 3 fed governors who uttered this bank holiday as fact in public speeches bit, and i gave you a time frame. and you want more? you ain't gonna get it from me: the butt of many of your little private snide remarks and ridicule, anymore than c.k. houston is going to learn which one of you 4 dozen plus private e*mail confidants ratted her out on her petulant name calling tirade of me. you are the one who claims to be the big multi-billion dollar IT head-honcho. YOU GO FERET IT OUT! should be a quick 15 minute phone call to one of your overpaid geek unix programmer underlings. oh, and i said before, you are welcome. and it is Yellin, with one "Y" and two 'll's". You know the one that just retired from the chairing the president's economic council because she sees what is coming at this globe like a freight train?

To: Technologyguy who wrote (7658)	8/3/1999 10:12:00 PM
From: C.K. Houston	Read Replies (1) \| Respond to of 9818

I have NEVER seen nor heard anything about an 11-day bank holiday. Only public discussion (and confirmation) has been about 3-4 day "bank holidays". FED hasn't come out with any "official" pronouncement. But, obviously, if all of these other countries are doing it - FED will also follow with a 3 or 4 day "holiday". I'm sure they've already decided, but aren't telling us yet. ------------------------------------------------------------------------- January 1998 - Reuters "NEW YORK, Jan 16 (Reuters) - Banking officials grappling with the Year 2000 computer glitch are considering declaring a holiday on Dec. 31, 1999, to pave a smoother road into the new millennium ... The proposal ''may offer meaningful benefits,'' said William McDonough, president of the Federal Reserve Bank of New York. Speaking at the SIA Year 2000 conference in New York, he added, ''we have to do it either soon or not at all,'' to minimize costs. . . ." April '98 - London Sunday Times BRITAIN will celebrate the millennium with a four-day Bank Holiday weekend under plans drawn up by Chris Smith, the Culture Secretary ... [Dec 31 thru Jan 3] April 1999 - Reuters DRESDEN, Germany, April 16 (Reuters) - Most European Union finance ministers agreed on Friday that financial markets should close on December 31 to minimise the risks posed by the ''millennium bug.'' However, opposition on legal grounds from Finland and Denmark delayed a statement on the subject ... July 1999 - Associated Press HONG KONG (AP) - Hong Kong thinks its computers will be able to avoid ''millennium bug'' problems but, to stay on the safe side, the government wants to make the last day of 1999 a holiday ... July 1999 - Associated Press SINGAPORE (AP) - Singapore has declared this Dec. 31 a bank holiday in preparation for the coming of the new millennium, an official announced Monday ... More than 20 other countries have designated Dec. 31 as a bank holiday or public holiday, Koh noted. Some also have done so for Jan. 3, 2000, the first working day of the new millennium. But Singapore had decided against this, he said ... BTW - There are many more references to this 3-4 day holiday - including one from BIS (Bank of International Settlements) ... and SEC ... and other international markets and various industries. I'm just posting the refrences that I could find in a few minutes using a Y2K/bank/holiday search ------------------------------------------------------------------------- IMHO - "Bank holiday" will be longer than 3-4 days. I think it will initially be a 3-4 day "official" holiday, and then extend longer. Maybe even that 11-day deal bearcub referred to. Unless bearcub posts a verifying link to discussions or article, at this point 11-day bank holiday is pure conjecture. Cheryl