Federal Reserve, Banks and Contingency Planning?

greenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread

If the Federal Reserve is calling it "Remediated" and is also telling people that there is no need to take out cash. In this context what do they mean by contingency planning. Just what are they going to do if they do not advocate a banking holiday?

This is an exerpt from Gary Norths site.

Federal Reserve's Kelley Is Clearly Confident, Vaguely Specific Link: http://www.house.gov/banking/41399kel.htm

BTW How do you link? Make it a blue line?

"By June 30, 1999, financial institutions are expected to comply with critical FFIEC milestone dates for completing all Year 2000 internal and external testing, implementation of remediated mission critical systems, and contingency planning. . . . "

Is their only solution printing more money?

Can anyone clarify what the Federal Reserve means?


-- Thomas G. Hale (hale.t@att.net), April 20, 1999


Here's Your Hot Link
If you Right Click on this page and then click on View Source you will be able to see how to make a hot link.

-- WebRNot (webrnot@ncap13k.com), April 20, 1999.

Link Test.

-- Thomas G. Hale (hale.t@att.net), April 20, 1999.

Way to go Mr. Hale !!

-- WebRNot (webrnot@ncap13k.com), April 20, 1999.

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