Gary Halbert · whole document (73)
aazz about nothing
Dear Friend,
I recently sent surveys
to 11,000 banks and S&Ls, asking them about their
progress in fixing their computers for the Year 2000.
All hell broke loose.
Bankers sent me threatening letters. S&L managers
went ballistic. Federal regulators hit the ceiling.
One banker wrote me that
"any survey results compiled by your company...
will result in dire consequences." Another
warned: "If you release any derogatory
information regarding our... Y2K efforts, we will
immediately begin a lawsuit against your firm and its
management."
But to ensure the safety
of your money, you MUST
have this information. So I'm publishing the results
of our survey - no matter what
they say!
"Many
[bank] computers
could malfunction or
even shut down."
Congressman James A.
Leach
Here's why: If your bank
isn't ready for the Year 2000, your checking and
savings accounts could be FROZEN. Worse, just the FEAR
of this event could cause a bank run any time BEFORE
the Year 2000!
According to our surveys,
there are now at least 1,300 banks and S&Ls behind
schedule in fixing their computers. And if you add
credit unions, the number of institutions behind
schedule swells to over 6,000!