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

To: Fred Ragan who wrote (9411)	12/14/1999 1:49:00 PM
From: Lane3	Read Replies (1) \| Respond to of 9818

Speaking of banks... Y2K Banking Regulators Beat the Clock By Stephen Barr Tuesday, December 14, 1999; Page A37 washingtonpost.com Runner, there's some additional comment here from Koskinen about assessing the situation after a week. Karen

To: Fred Ragan who wrote (9411)	12/14/1999 3:13:00 PM
From: flatsville	Read Replies (2) \| Respond to of 9818

Fred-- I honestly have no idea. I believe THE FED, the feds, the fedgov...what have you...will do what it takes to ameliorate the situation...remember they have sat phones and are prepared to do "heroic" things. If history is any indicator emergency legislation moves pretty fast when necessary. FDR submitted to Congress an Emergency Banking Bill March 9,1933 authorizing government to strengthen, reorganize, and reopen solvent banks. The House passed the bill by acclamation, sight unseen, after only 38 minutes of debate. That night the Senate passed it unamended, 73 votes to 7.