When I went to college decades ago, we always studied case studies on what not to do. This company did this and almost went out of business. Don't do this. When bailouts happen, the end result of an action is obscured, literally subsidized and I'm afraid people don't take it as seriously.
Funny though, having gone through the Y2K fix, I'm aggravated that systems are now again storing dates in the 2 digit format.