
Update #3 
Run on the Banks
Panic in the banks and stock markets will create a global financial crisis.
During
the first week of January, the Federal Reserve was busy retrieving the
cash it had distributed around the country in case there was a run on
the banks. However, very little happened to cause a panic and most people
left their accounts untouched.
A few glitches did cause some problems, but most were obvious and even
laughable. One truant customer returned a late video tape to the rental
store and received a bill for a century's worth of late fees. Many credit
card holders received new cards printed with 1900 instead of 2000, and
some car owners were sent automobile registrations for their 1900 "horseless
carriages."
On the first business day of 2000, financial markets around the globe
opened with very few problems. Just in case, Bangladesh waited until Monday
to open its stock market. For the same reason, Jamaican banks remained
closed until Tuesday. Beyond these precautions, it was business as usual
around the world.
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