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


To: Bill Ounce who wrote (1102)2/26/1998 11:18:00 AM
From: Bill Ounce  Read Replies (3) | Respond to of 9818
 
USA Today -- Fed chief: Focus on year 2000 glitch

usatoday.com


Fed chief: Focus on year 2000 glitch

WASHINGTON - Federal Reserve Chairman Alan Greenspan said Wednesday that the year 2000 computer bug is already hurting the economy and warned of bigger damage ahead.

"Inevitable difficulties are going to emerge," he said. "You could end up with . . . a very large problem."

He said the Fed was ready to lend banks tens of billions of dollars if the bug causes their computers to break down in the year 2000 and they can't make payments.

[...]