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

To: flatsville who wrote (3909)	2/16/1999 3:52:00 PM
From: flatsville	Respond to of 9818

Did he really say this?-- From USA Today As for the money supply, banks are the most heavily regulated industry in the country, said John Koskinen, chairman of the President's Council on Year 2000 Conversion in Washington, D.C. They get ratings of 97 percent to 98 percent compliance in every survey he's seen. “I joke with bankers that it's a testimony to the joys of federal regulation,” Mr. Koskinen said. The Federal Reserve is prepared to put $50 billion more into circulation “just in case people want a couple of dollars. We can print more bills faster than they can take them out.” enquirer.com Uh, Big John, you don't really want to make that kind of claim because a large portion of depositors just may take you up on it. "flatsville" P.S.--I mean honestly, between the article on Italy's y2k group and now this gem...well, you just can't do a better job even if you made it up yourself.