Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: goldsnow who wrote (24904)	12/24/1998 9:47:00 PM
From: Don Green	Read Replies (2) \| Respond to of 116759

>More trouble for USD/stoks looming.. Yes, but it still won't help the price of Gold. Don

To: goldsnow who wrote (24904)	12/25/1998 5:08:00 AM
From: John Mansfield	Respond to of 116759

'Year 2000 in the pages of Credit Union Times Late Breaking News... Credit union groups, NCUA plan for potential Y2K-related liquidity shortage By PAUL GENTILE CU Times Associate Editor WASHINGTON-On Dec. 7, officials from NAFCU, U.S. Central, the Association of Corporate CUs and individual corporates met with NCUA to hash out plans to avoid a potential liquidity shortage stemming from Y2K. At the meeting, the group discussed the possibility of increasing the $600 million cap of the Central Liquidity Fund, which has had that same $600 million cap since 1981. Given that a change to the cap would take congressional action, the attendees came up with a back-up plan. "There was discussion of funneling liquidity from the Fed through the CLF, and then back to the corporate credit unions," said Loftus. "The cap would not have to change because the CLF would not be borrowing money, it would be a conduit with the Fed," said Bob Loftus, NCUA's director of public and congressional affairs. Loftus emphasized that none of the groups in attendance expect a liquidity shortage next year. "I think there was a feeling out there that these groups should get together and develop plans for a liquidity crisis that none of us thinks is going to happen," he said. One thing that could sway that feeling, however, is overzealous media coverage, said Loftus. "Press coverage could endanger the whole thing-if it's enough to put fear into credit union members. Right now that's not the case," said Loftus. .. cutimes.com