$550B Bank Run on Sep 11th [Rep. Kanjorski] Must see.

[Bindare_Dundat]

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. 

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

starts at 2 min mark.

[MB_722]

amazing

thanks for posting

[Bindare_Dundat]

amazing

thanks for posting

np bud

[MB_722]

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.

[Bindare_Dundat]

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.

[MB_722]

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. 

[gcb]

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?

[240 is Back]

Keith olbermann covered this story tonight actually.

[MB_722]

Keith olbermann covered this story tonight actually.

[MB_722]

can anyone explain the "electronic run on banks" ?

[240 is Back]

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.

[Soul Crusher]

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.