Bruce Toback wrote:
>insurance companies, been dealing with cross-century transactions for 30
>years or more? If you got your 30-year mortgage in 1970, it had a
>maturity date in 2000. Same thing if you bought an annuity 30-40 years
>ago. Small companies may not have dealt with this, but it's hard to
>believe that, as some are predicting, the entire banking system will fall
>over and start twitching on January 1, 2000.
Nobody seems to remember the 1980 problem. A lot of companies kept years
as SINGLE digits in the '70s (disk space was REALLY expensive back then)!
It took my bank three months before I got a statement from them in 1980.
Amazing that they didn't fix the problem properly back then.
John D. Alleyn-Day
Alleyn-Day International
408-286-6421 408-286-6474 (Fax)
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