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  • I worked as a cto in a publicly traded bank in the USA. In the USA, the regulation was that all banks had to have 10% of all deposits in cash. For example, If you were a billion dollar bank, you had to have 100 million in cash available at all times.
    Because of Y2K, there were deep concerns their would be a bank run, so all banks had to have 20% of deposits as cash. Enormous sums of cash.
    On New Year’s Eve 1999, my wife and I were taken by federal authorities to a safe house, where we were heavily guarded. We knew in advance they were taking us, but we didn’t know where and when it happened our cell phones were taken from us. Around 4 am they said everything was ok, my wife and I opened some champagne and they drove us home.

  • I was on a school trip for New Year's Eve that year. There had been some parents who didn't think their kids should go because we might not be able to get back if all the airplanes fall out of the sky at midnight.

    Obviously, nothing happened. I understand the big affected only older systems, and it's not like admins just heard the news and sat around. They fixed the bug.

60 comments