-Caveat Lector-
June:
>"People in general" are sheep...
Sorry June, but I give people more credit for being able to act in their
best interests. Maybe not normally willing, but able nonetheless. :-)
>But it's not, at least as far as banks are concerned...
In my specific case, you are correct, but then I haven't kept my money in
banks for about ten years now. In general, however, I would need lots of
superior data before retracting my original statement. And, yes, I have a
'natural' bias against banks.
>Actually, the media is feeding the Y2K paranoia...
Not any media that I am exposed to; the media in this area of the country
have only recently given any serious treatment to this issue. If you are
referring to the Internet mdia specifically, then you might have a point.
>And I didn't say anything about government propaganda...in my opinion, we
>are at good risk of 'someone' using Y2K as an excuse to institute martial
>law, and your type of posts, which encourages "Chicken Little" thinking,
>is just the thing to bring it about.
While I am in FULL agreement with your analysis of the potential for
martial law, I doubt very seriously that any protective action people may
take on the basis of having read my posts will precipitate even a minute
ripple in the social fabric. Thanks for over-estimating my power of public
pursuasion though :-)
>But as far as banks are concerned, they've been dealing with Y2K issues
>for years (consider: mortgages, consumer loans, long-term moneymarket
>accounts)...
Aren't these examples of banks having protected the means of their own
revenue? I find the absence of any cited measure to protect the funds of
individual customers interesting. I do believe you in these cases though.
>Even in a worse case scenario, people will be able to walk into their
>local branch on Monday, Jan. 3rd, go up to a teller, and withdraw funds
>from their accounts.
Perhaps and then perhaps not, but then not having my money in banks, I can
afford to speculate. Not everyone is so fortunate. If I did have my money
in banks, *I* certainly wouldn't take the risk threatening my or my
family's survival.
>Banks routinely back up their data. Every December 31st, they also do a
>full system backup which is stored. They do this every year, and Y2K
>won't be any different. Banks will NOT lose track of who has what
>deposited where....
Here's hoping you are correct, but I hope you can understand that I place
less trust in financial institutions than I do in my own motives. :-)
>I'm talking about hundreds of thousands, if not millions, of people
>following your advice in the next two and a half weeks, and making a run
>on the banks plus selling out on Wall Street.
Yes ma'am! If hundreds of thousands, if not millions of people followed my
advice at the same time, you are probably right! Isn't it fortunate that I
don't have that kind of audience or influence. (ROFL) Thanks again for the
over-estimation of my abilities.
>And thereby bring about the very thing you fear...not by any software
>glitch, but by your own stupid panic...
Please explain how a rational post making suggestions for rational actions
can, in any way, be considered (A) panic or (B) stupid. Is acting in one's
best interest or encouraging others to do so how you define panic or
stupidity?
>No, but you obviously believe in the Boogie Man...
When it comes to government and financial interests out to protect their
own backsides at the expense of the American public, you can bet your farm
that I believe in the 'boogie man'! Guilty as charged, your honor :-).
>I've been a COBOL programmer in the financial industry since the early
>1980s, so I know the state of the industry's compliancy....
I realize this and consider your opinion far more educated than most. You
have the potential to allay a great many fears--as long as you do not
resort to the popular tactic of ad hominem asaults on those who have very
rational fears. When you do, you are acting in opposition to your own cause
and position.
Edward ><+>
=================================================
WARNING! Stay OUT of America's cities on 1/1/2,000!!
Edward Britton ><+>
http://www.geocities.com/CapitolHill/5285/connector1.html
Reality Pump: http://www.onelist.com/subscribe.cgi/Reality_Pump2
=================================================
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