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To: William Peavey who wrote (24988)	12/28/1998 10:31:00 AM
From: John Hunt	Read Replies (3) \| Respond to of 116950

Re Y2K Solved They say a problem isn't confirmed until it is officially denied. < g > John

To: William Peavey who wrote (24988)	12/28/1998 9:16:00 PM
From: Hawkmoon	Respond to of 116950

Say anything to prevent a bank run. William, Actually, SSA IS basically Y2K compliant. But it should be noted that they started working code back in 1989-90. They also discovered 30 million more lines of code in state based systems last year which were federally funded(thus a federal responsibility). These systems do not officially belong to the SSA, but they are the state's interface to the federal system (some 43 different systems, I believe). I haven't read the fine print, but I know that these state systems were a major concern when they were discovered. So technically untill end to end testing is completed of EVERY system that interfaces with SSA, you can't really say they are compliant. But while we can't say that, the President can. Remember he has to manage the public perception of everything being "hunky-dory". <vbg> And I believe that most major banks will also be compliant enough to prevent major disruptions. However, since many overseas nations are JUST coming to grips with the problems of Y2K (especially Asia, Latin America, and Russia), AND THE FACT that these nations have a bunch of outstanding debt held by US and European banks, any credit crunch or Y2K disruption could send shockwaves through the financial systems, undermining the money center banks. Regards, Ron