Tuesday, February 10, 2009

How we got into this mess

a little video of Congressman Paul Kanjorski telling us what he was told happened one day in September, one Thursday when "in a matter of an hour or two" $550 billion was drawn out of the
Money Market accounts. After pumping $105 billion into the bottomless pit, they closed the accounts. Estimates were that had they not closed down, by 2pm $5.5 trillion would have been pulled out of the system, collapsing the US economy. The next day the world's economy would have failed. He says.

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