[snipped from another thread:

"Financial transactions rely heavily upon computers and automated systems, which are usually components of large complex global networks. Y2K-caused errors in these highly integrated and interconnected systems could spread corrupted data (such as account information) instantaneously around the world."

Alan Greenspan has said this before. Now the Dept. of Commerce says it. Are they D&Gers? The keep-it-in-the-bank crowd on this forum keeps telling us that the controls are in place and have always been in place. So why do these government bigwigs keep uttering these scary phrases? Is it because they have a legal and moral right to avoid criminal negligence?

If we all end up wandering around aimlessly in the street in January with no money, food, fuel or medicine, we can't say it's because we weren't warned. It would be because we chose to focus on how good it might be instead of how bad. (Not a prediction, just an observation.)

-- Puddintame (achillesg@hotmail.com), April 26, 1999.

~C~

-- Critt Jarvis (middleground@critt.com), April 28, 1999

Answers

Other parts of the Federal Government think data exchanges are a problem as well.

Diane

See thread ...

OMB (Office of Management and Budget) Directs Federal Agencies To Take Y2K Lead In States Social Services Programs

http://www.greenspun.com/bboard/q-and-a-fetch-msg.tcl?msg_id= 000ddg

-- Diane J. Squire (sacredspaces@yahoo.com), April 28, 1999.

Sure, corrupted data COULD be spread around the world. A meteorite COULD strike my apartment as I type this.

What they should be worrying about is how likely it is that this could occur, and how likely it is to cause problems.

See COBOL Dinosaur's excellent post at the Debunking Y2K webboard; that's a good place to start.

-- Stephen M. Poole, CET (smpoole7@bellsouth.net), April 29, 1999.