1. After 20+ years it's time to pass the torch. If you are interested in acquiring this forum please contact support@cv-performance.com for details. Any spam will be reported and blocked.
  2. Welcome to Bike Talk, a forum for all bikers and motorcycle enthusiasts. If you are new to Bike Talk, be sure to register for free and join the conversation.

    There's always someone around willing to help out with questions or give a friendly wave back. All Harley and metric riders are welcome.

Electronic run on banks

Discussion in 'Pull up a chair and sit for a spell' started by amf4399, Feb 12, 2009.

  1. amf4399

    amf4399 Active Member

    Joined:
    Nov 19, 2008
    Messages:
    350
    Likes Received:
    0
    Location:
    Baltimore MD.
    During the first third of the video an enraged caller is ranting to Rep. Kanjorski about how wasteful the first $700 billion bailout was. The best part is 2 minutes and 15 seconds into the tape where Rep. Kanjorski reveals what Paulson and Bernanke told congress that shocked them into supporting the first $700 billion bailout.

    On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve noticed a tremendous draw down of money market accounts in the USA to the tune of $550 Billion dollars in a matter of an hour or two. Money was being removed electronically.

    The video and article. Scary stuff

    Capitalism Gone Wild: Electronic Run On Banks - $550 Billion Withdrawn In 1 Hour, Federal Reserve Halts Withdrawls - US Economy Would Have Collapsed
  2. chucktx

    chucktx Moderator Staff Member

    Joined:
    Jul 5, 2005
    Messages:
    12,545
    Likes Received:
    10
    and i dont know of a way to stop this maddness............dam!
  3. RKBud

    RKBud Active Member

    Joined:
    Dec 16, 2007
    Messages:
    47
    Likes Received:
    0
    Location:
    Piney Woods of East Texas
    Real Scary,
    Makes you wonder if the whole plan is to get rid of the upper class and middle class workers... the wealthy and the working class and eventually making everyone the same and depending on government for all.

Share This Page