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 For Immediate Release
Jul 7, 1999 Contact: Press Office

Your bank can now steal your money on Y2K and you are almost powerless to do anything about it

In bi-partisan maneuver, Bill Clinton and Congress conspire to deny Americans their right to get all of their hard-earned money back from year 2000 corporate incompetence

Once Again, Rich Silicon Valley Donors Drive Public Policy At The Expense of Working, Taxpaying Americans

(Washington, July 7) Judicial Watch, continuing its principled opposition to the dangerous influence of rich political donors over politicians of both parties, said that the recent legislation limiting corporate liability for Year 2000 computer malfunctions showcases this bipartisan political dysfunction.

"First we see Clinton and the Republicans licking the boots of wealthy Silicon Valley donors by allowing Communist China heightened access to sophisticated American computer technology. Now, rich political donors get a special legal preference shielding them from the Y2K computer glitches they create. The New York Times (Editorial, July 3, 1999) has it right: "The political lackeys have stolen away the American citizen's right to pursue all of their legitimate legal remedies against these giant corporations and their costly incompetence," stated Judicial Watch Chairman and General Counsel Larry Klayman.

Judicial Watch's Klayman pointed out that "this limits any incentive for the industry to fix the Y2K problems they created. Your bank can now steal your money on New Year's Day and you are almost powerless to do anything about it. It would be poetic justice if each one of these members of Congress gets a 'mistaken' credit card bill for $1,000,000, and then must deal with the resulting credit problems when the companies know that people are barred from filing a lawsuit."

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