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September 15, 2008: The Day The World Economy Almost Collapsed
Video, Rep Kanjorski, Capital Markets Subcommittee Chairman explains (at about 2:20), how there was a $550B electronic run on America's money market accounts, that unless congress acted immediately, by 2pm that day, it was estimated tthat $5.5T would be taken out of the US economy, causing a complete US and international economic collapse.If an individual or nation was responsible, that was the closest thing to an act of war imaginable. Posted by: Anonymoose 2009-02-10 |
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