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

To: Bill Ounce who wrote (1054)	2/11/1998 12:15:00 PM
From: Bill Ounce	Read Replies (1) \| Respond to of 9818

FDIC unprepared for 2000 glitch? got this from North's site, pretty humorous in a dark way :-) bergen.com WASHINGTON -- When it comes to resolving year-2000 computer problems, the FDIC may be setting a bad example for the banks it oversees, the chairman of the House Banking Committee says. Rep. Jim Leach said Monday that congressional auditors found the Federal Deposit Insurance Corp. has not yet completed the assessment of its computer systems that are critical to getting ready for the year 2000. According to the FDIC's own standards for insured financial institutions, Leach noted, such work was supposed to be finished by the end of September 1997. "It now appears that the FDIC may not itself have met the standards it has set for financial institutions," Leach said in a letter to FDIC Chairman Andrew Hove. [...]