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Electronic Run On the Banks / C-SPAN / Washington Journal

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Uploaded by on Mar 9, 2009

Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks". At 2 minutes, 20 seconds into this C-Span video clip, Rep. Paul Kanjorski of Pennsylvania explains how the Federal Reserve told Congress members about a "tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars." According to Kanjorski, this electronic transfer occured over the period of an hour or two.

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  • Lie! If that gate was blockable then we all know it is not a real flood. I am talking about $ of double digit trillion vs hundred billions. All of us are being manipulated by the FED. They started this credit crunch and bad Credit SWATs. No need to panic, just staring at the FED, Obama is irrelevent, we have to crack the cycle of manipulations; election, paying tax and even getting pay were all hooks.

  • My favorite show! This lady really laid into him, didn't she? May the people continue to speak!

  • they are going to crash the economy we all know that . what we don't know is.. what we can do to stop it?

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