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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Bindare_Dundat on February 09, 2009, 10:06:50 PM

Title: $550B Bank Run on Sep 11th [Rep. Kanjorski] Must see.
Post by: Bindare_Dundat on February 09, 2009, 10:06:50 PM: Just how bad are things?

At 11AM on Thursday Sep 11, 2008 the Federal Reserve noticed a draw-down of
$550 billion on US Money markets in a matter of 1-hour.

The Treasury pumped $105 billion into the system and quickly realized that they could not stem the
tide.... "we were having an electronic run on the banks!" They closed the money
accounts and announced a $250,000 guarantee on each account. If they had not
done that their [FED & Treasury] estimation was that by 2PM that afternoon $5.5
Trillion would have been drawn out of the money market system of the USA which
would have collapsed the entire economy of the USA and collapsed the world
economy within 24 hours. :o

"3-4 TRILLION DOLLARS TO BUY THE TOXIC ASSETS!" :o

starts at 2 min mark.
Title: Re: $550B Bank Run on Sep 11th [Rep. Kanjorski] Must see.
Post by: MB_722 on February 09, 2009, 10:38:29 PM: amazing

thanks for posting
Title: Re: $550B Bank Run on Sep 11th [Rep. Kanjorski] Must see.
Post by: Bindare_Dundat on February 09, 2009, 10:39:37 PM: Quote from: MB_722 on February 09, 2009, 10:38:29 PM
amazing

thanks for posting

np bud
Title: Re: $550B Bank Run on Sep 11th [Rep. Kanjorski] Must see.
Post by: MB_722 on February 09, 2009, 10:46:09 PM: One thing I found ironic was this politician saying how now We should talk to the people, get their opinions on what we should do

As if it matters now, never mattered to begin with. >:(
Title: Re: $550B Bank Run on Sep 11th [Rep. Kanjorski] Must see.
Post by: Bindare_Dundat on February 09, 2009, 10:49:32 PM: Quote from: MB_722 on February 09, 2009, 10:46:09 PM
One thing I found ironic was this politician saying how now We should talk to the people, get their opinions on what we should do

As if it matters now, to little to late. >:(

What I find disturbing is that this isnt on the news. It's not like this is a conspiracy nut, Kanjorski just talked about something huge and not a blip on MSM.
Title: Re: $550B Bank Run on Sep 11th [Rep. Kanjorski] Must see.
Post by: MB_722 on February 09, 2009, 11:01:14 PM: Quote from: Bindare_Dundat on February 09, 2009, 10:49:32 PM
What I find disturbing is that this isnt on the news. It's not like this is a conspiracy nut, Kanjorski just talked about something huge and not a blip on MSM.

yes I agree. :)
Title: Re: $550B Bank Run on Sep 11th [Rep. Kanjorski] Must see.
Post by: gcb on February 09, 2009, 11:11:54 PM: Quote from: Bindare_Dundat on February 09, 2009, 10:49:32 PM
What I find disturbing is that this isnt on the news. It's not like this is a conspiracy nut, Kanjorski just talked about something huge and not a blip on MSM.

No-one really wants the blue pill - or is it the red pill?
Title: Re: $550B Bank Run on Sep 11th [Rep. Kanjorski] Must see.
Post by: 240 is Back on February 10, 2009, 07:32:27 PM: Keith olbermann covered this story tonight actually.
Title: Re: $550B Bank Run on Sep 11th [Rep. Kanjorski] Must see.
Post by: MB_722 on February 10, 2009, 09:23:02 PM: Quote from: 240 is Back on February 10, 2009, 07:32:27 PM
Keith olbermann covered this story tonight actually.
Title: Re: $550B Bank Run on Sep 11th [Rep. Kanjorski] Must see.
Post by: MB_722 on February 11, 2009, 02:26:27 AM: can anyone explain the "electronic run on banks" ?
Title: Re: $550B Bank Run on Sep 11th [Rep. Kanjorski] Must see.
Post by: 240 is Back on February 11, 2009, 05:27:55 AM: i remember almost everyone I konw was emptying their accounts that week. The media played up all the banks were going to crash, and peons decided to mattress it.

I invest all my $ in shorting FLEX and MD futures... no worries about things like banks.
Title: Re: $550B Bank Run on Sep 11th [Rep. Kanjorski] Must see.
Post by: Soul Crusher on February 11, 2009, 05:54:18 AM: Quote from: 240 is Back on February 11, 2009, 05:27:55 AM
i remember almost everyone I konw was emptying their accounts that week. The media played up all the banks were going to crash, and peons decided to mattress it.

I invest all my $ in shorting FLEX and MD futures... no worries about things like banks.

I thought everyone is broke by you.