>Today, there is a new item that the FEd is printing US$40 billion as a
>contingency fund for a Y2K banking foul up on bank accounts. What do
>you think is the real reason for the new cash?
>
I think they're tellin the truth here. Whatever happens with Y2K (and even though I'm working at a brokerage on Y2K testing, I'm not really sure), media hype leading up to it is bound to cause a flurry of cash withdrawels. The Fed is just trying to prevent healthy paranoia from becoming a run on the banks.
Jim Baird
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