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To: Dwight E. Karlsen who wrote (77647)	12/2/1999 9:16:00 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

Dwight, i know...the Fed has been asking the department of Defense for storage space for cash. apparently the bank vaults don't suffice, or they are looking at the possibility of disruptions in the course of normal banking activities. considering that CMB "misplaced" 40 billion dollars earlier this year due to a computer problem (officially unrelated to the "non-event"), one can imagine the potential for utter chaos that actually exists. the few large co's that have already experienced Y2K related problems (of course all denied, officially) are ample proof for the disruptive potential of the bug. i have recently reviewed the most current information on the Y2K bug and have come to the conclusion that the current complacency is more than unwarranted. we won't get a shutdown of everything all of a sudden on January 1. but over the first two to three weeks of January more and more problems should begin to surface. the state of global preparation is actually appalling. what people don't realize is how much old equipment is still out there performing critical functions. most firms have no real contingency planning...once things start to go wrong, they will hamper commerce globally for weeks. of course i could be wrong and the problems may be easier to surmount than the alarmists think. i am not an IT expert and can only rely on information from other sources...but that information suggests that Y2K will NOT be the "non-event" that everybody is all of a sudden making it out to be. regards, hb