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To: Bucky Katt who wrote (12256)5/27/1998 3:07:00 PM
From: John Mansfield  Read Replies (1) | Respond to of 116836
 
DC Y2K Meeting - Senator Bennett, on Greenspan

'But on to the meeting. Senator Robert F. Bennett (R Utah) Senate Financial
Services & Banking Committee, expected to be appointed head of the yet to be
announced Senate Y2K Committee.

Senator Bennett was entertaining, had a clear vision of the Y2K problem, spoke
for an hour and a half on the problem from the government's perspective.

Sound bites -

A year ago, there were no Y2K compliant ATMs, now a few percent of the ATMs
are Y2K compliant.

We cannot solve all problems in time

(about banking) We must keep the checks clearing, keep the money available.

(about NCUA) There will be credit unions that go bankrupt.

(about people) Alan Greenspan is a believer. Arthur Levitt calls him in a cold
sweat. He is watching Ed Yardeni ratchet up his estimate from 30%, 35%, 40%,
60% and believes that we're in for a rocky road. Bob Rubin and the IMF are
on board.

...
x10.dejanews.com



To: Bucky Katt who wrote (12256)5/27/1998 4:14:00 PM
From: Alex  Read Replies (1) | Respond to of 116836
 
William. I thought it was the main responsibility of any CB governor to defend their currency at any cost? I thought this WAS their job. Get-a-load -a this joke of the day...................

biz.yahoo.com

P.S. - I see the man in the cape is back (PPT)