Anyone else having issues with a Grand Am and the Passlock?

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The anti theft system on my 2001 Grand Am; also called Passlock 2, has activated in my driveway and for 2 weeks we were unable to get it started. GM dealership was wanting $300 to put a bypass on it. I looked throughout the internet and I was so shocked to see just how many people are having the same issue. I finally found lastnight on the internet, a person explaining to cut the yellow wire (the thin one behind the switch in the car); this is supposed to stop the passlock all together. After my husband did this, I was unable to start it this morning (right after he did the clipping of the yellow wire; he was able to start it many times). Now we are wondering..what next!