Electronic Money Market Run Nearly Destroyed US Economy

By News on the Net —— Bio and Archives February 11, 2009

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in response to the usual CSPAN hysterical caller, Rep Kanjorski gives his perspective on the bailout, it is especially interesting to hear how the money market drawdown threatened to collapse the entire world economy in 24 hours back in the fall of 2008, which was the motivation for the first 350 billion.