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.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (75258)	11/13/1999 10:53:00 AM
From: flatsville	Read Replies (1) \| Respond to of 86076

nytimes.com November 12, 1999 Year 2000 Insurance Is Hot on Wall Street, but Not a Sign of Fear By JONATHAN FUERBRINGER >>>...To help ensure that cash will be readily available even if the changeover disrupts the financial system, the Federal Reserve Bank of New York has been holding weekly auctions of options that will guarantee the availability of billions of dollars from Dec. 23 to Jan 12. In just four weeks, the Fed has sold $306 billion of the options and has at least three more auctions planned. The amount paid for the insurance so far is just $4.9 million, a small price in markets where trillions are traded...<<<