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Rep. Kanjorski: $550 Billion Electronic Bank Run

  • Uploaded by Herbert on Feb 10, 2009
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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.

Can anyone confirm this "electronic bank run" that Kanjorski speaks of? I think is is laying the case for TARP 2.

This #*$#! also mentioned the "end of politics as we know it". I would bet he is threatening us with Martial fuc#?*!= law.



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