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Recommended Resources Offshore havens, asset protection, global investing and other useful techniques.
The Year 2000 Bookshelf Books to help your evaluate the Y2K problems you face.

Gary North's Y2K Links and Forums - Mirror

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1997-11-10 18:54:08


It's Not Just Mainframes; It's PC's and Software, Too.



A recent survey by Fannie Mae (Federal National Mortgage Assn.) indicates that the nation's financial institutions have a lot more problems than just their mainframes. It's everything that is run by a computer or on a computer.

What is true of banks is true of all large organizations.

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The survey -- commissioned by Fannie Mae and conducted by Hart-Riehle-Hartwig Research Group -- asked 400 experts from banks, brokerages and credit unions about their awareness of the year 2000 problem and their preparations for it.

Although the troubles will strike many mainframes, 66% of those surveyed said the year 2000 problem will also strike their PC networks, and 56% said that compliance issues will affect most if not all of their software.


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