[interdoc-y2k 298] Y2K: bank problems

[Roberto Verzola <rverzola@phil.gn.apc.org>]

Posted by mike@suomiprint.demon.co.uk in uk-y2k-action@egroups.com:

How can Peter de Jager sustain his volte-face when the 'evidence'
points to the opposite conclusion, i.e. not enough has and will be
done in time?

The recent FSA report and statement made by Michael Foot states that
12 of the UK's major financial institutions have been graded as 'Red'
i.e. unlikely to be ready and may be forced to close down. Has anyone
really thought of the chaos this would bring to the financial world?
(Never mind those on 'Orange', will they make it?)

"The Times"  Caroline Merrell - Saturday March 20th:

"At a high-powered millennium meeting in Washington recently,
delegates were stunned to hear Henry Kissinger announce that he
intended to withdraw all his money from the bank as 2000 nears"

What!!! HK, the pillar of the establishment! What does Peter think of
that!

Mike

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