Date: Fri, 3 Apr 1998 12:58:44 -0800 (PST) From: Declan McCullagh <[EMAIL PROTECTED]> To: [EMAIL PROTECTED] Subject: FC: Greenspan reassures reporters that Y2K won't end economy ***** http://cgi.pathfinder.com/netly/afternoon/0,1012,1873,00.html The Netly News / Afternoon Line April 3, 1998 Soothe Sayer Will millennium bug doomsayers accuse him of "irrational exuberance?" Yesterday Fed chairman Alan Greenspan said the so-called Y2K crisis will not cause any problems "of the type that can significantly impact on the economy." Speaking to the American Society of Newspaper Editors in Washington, D.C., Greenspan stressed that U.S. banks are "going to be in pretty good shape," though he can't offer that same comfortable reassurance on behalf of their overseas counterparts. Still, he admitted, "nobody knows how serious it is, because nobody knows what's down there in the bottom of these programs." And, we suspect, nobody knows better than Greenspan how important it is to avoid scaring a roomful of reporters. --By Declan McCullagh/Washington -------------------------------------------------------------------------- POLITECH -- the moderated mailing list of politics and technology To subscribe: send a message to [EMAIL PROTECTED] with this text: subscribe politech More information is at http://www.well.com/~declan/politech/ --------------------------------------------------------------------------
