The financial system came very close to irreversable implosion one day last September. This is pretty scary stuff. I'm surprised this information took so long to surface. You can skip ahead to 2 minutes-Lou
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.
Watch Video Here:
http://www.liveleak.com/view?i=ca2_1234032281
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