SI
SI
discoversearch

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: long-gone who wrote (28495)2/17/1999 2:09:00 PM
From: lorne  Read Replies (2) | Respond to of 116856
 
Y2K comments---      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;