PNG or a,, When & Where will PNG post his latest missive? (No text.) : LUSENET : TimeBomb 2000 (Y2000) : One Thread

Been lookin' for it.

-- Puddintame (, March 21, 1999


I feel like a little kid waiting for an ice cream cone.

-- bardou (, March 21, 1999.

Its there now. Haven't read it yet.

-- a (a@a.a), March 22, 1999.


Regarding the Postal Savings situation: I just read it - sounds like an accident waiting to happen. Makes me wonder what the powers that be will try doing in order to avoid what could be the mother of all runs and save all-important face. Perhaps if Y2K problems (or any other problems) are severe enough they can buy some time, freeze accounts maybe? Perhaps if interest rates were to rise just enough to keep the paper/electronic money game going until the next fracture point? I don't know, just thinking out loud about what they will try, and I tend to think they will have to try something. How realistic is the hope that only half of the people will want their money? If we take into account the under-funded status of employee retirement funds things look that much worse. All of this against a backdrop a continuing "decession", as we spoke about last November.

There just isn't enough money for all of the depositors (gee, that sounds familiar), so my question is what do you think (besides "hope") will they do, if anything?

-- Rob Michaels (, March 22, 1999.

Fascinating article on Postal Savings. I want to learn more about that.

-- Puddintame (, March 22, 1999.

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