Electronic Draw Down on Money Markets

A Man-Made Financial Disaster

By Alan Caruba —— Bio and Archives--November 14, 2009

American Politics, News | Comments | Back To Full Article

You will recall that, shortly before the end of the 2008 political campaign, the White House announced a threat to the entire financial system and called on Congress to enact emergency spending powers. The Emergency Economic Stabilization Act of 2008 was enacted on October 3, 2008.

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