Congressman: US came within hours of economic collapse; Banks saw $550 billion withdrawn in 2 hours

Page10.org - "The Federal Reserve noticed a tremendous drawdown of money market accounts in the United States to a tune of $550 billion being drawn out in a matter of an hour or two. If they had not (acted) their estimation was that by two o'clock that afternoon, $5.5 trillion would have been drawn out of the money market system of the United States, would have collapsed the entire economy of the United States, and within 24 hours the world economy would have collapsed."

Category:

News & Politics

Tags:

• Kanjorski
• world
• economic
• collapse
• electronic
• run
• on
• banks
• trillion
• deposits
• Rep.
• Representative
• Congressman
• Congress
• Paulson
• Treasury
• bank
• fdic
• billions
• hours
• september
• 15
• money
• market
• accounts

[TheTopBloke]

No it didn't. Start using your brain and stop buying into the bullshit.

[jhi1947]

Hmmmmmm...... As I said at the time.... Ladies & Gentleman, I have some good news & bad news for you: The good news = The banking system has been saved. The bad news = The banking system has been saved.

[sscofield1018]

@trip359

I am an America and I agree with everything you said except racist as that is not true. It is the blacks that are racist in America, not the whites. But anyway, what are your thought about what is happening in America today?

[sscofield1018]

@trip359

I am an America and I agree with everything you said except racist as that is not true. It is the blacks that are racist in America, not the whites. But anyway, what are your thought about what is happening in America today?

[jesusovercomes]

Thanks for the good answer. I'm fortunate in my life to see two systems, Western and Soviet Union. The are pro's and con's on both sides. But Soviet Union haven't last even for a century, because pro's were just 5%. I want to thank God for America and what it did for the world.

[MewHamHead]

What the F- fat-ass, self important racist.

OK, a challenge for you- name me five countries that protect in a fair and just manner their minorities by law better than the USA.

Racist and self important2- my fat ass, you name me one country that does not have an indigenous people that loves its own culture enough to want to protect it from change. Name me one batch/ :)

[trip359]

You should be embarassed to be an American...you are just what the rest of the world thinks of when they hear "Americun".....an ignorant, fat-ass, self important, racist...AND... for your information, IT IS GOING TO HAPPEN, its happening around you now. It is inevitable, prepare.

[anon2157422]

you probably have nothing to lose.

No family to care for?

FU. sderenzi? some kind of A-rab name?

[sderenzi]

To bad it didn't happen =P