This article: http://baltimorechronicle.com/2009/021109Cherbonnier.shtml
says that speculation that the Saudis were manipulating the market in order to get the Treasury to act on the dollar were inaccurate. It was a large money market fund hitting a dollar a share which triggered it. Or not. Terry On Thu, Feb 12, 2009 at 9:39 AM, R C Macaulay <walha...@cvctx.com> wrote: > Howdy Terry, > Sobering.. > Notice the inference made by Kanjorski to some "external" conspiracy that > was working to create a collapse. Dark forces at work. > Once happened back when the Hunt brothers in Dallas almost cornered the > world's siver market back around 1980's. At the time it would have also > triggered a rush on gold and collapsed the world economy. > Richard > > >> Here's the vid: >> >> http://www.boingboing.net/2009/02/09/rep-kanjorski-550-bi.html >> >> This site is saying over $5T would have been pulled. >> >> Terry >> >> On Thu, Feb 12, 2009 at 8:27 AM, Terry Blanton <hohlr...@gmail.com> wrote: >>> >>> Last September we stood at the edge of the abyss. This is according >>> to Rep. Paul Kanjorski of PA. >>> >>> http://en.wikipedia.org/wiki/Paul_Kanjorski >>> >>> "In an interview on CSPAN on January 27th, 2009, Rep. Kanjorski >>> defended the original emergency actions by the US government to halt >>> the 2008 US financial crisis. Congressman Kanjorski stated that the >>> move to raise the guarantee money market funds up to $250,000 was an >>> emergency measure to stave off a massive run on the banks that removed >>> $550 billion from the system in a matter of hours in an "electronic >>> bank run." He then claimed that the run not only would have destroyed >>> the U.S. economy immediately, but would have collapsed the world >>> economy within 24 hours." >>> >>> The Treasury took action to stave off what could have been almost $4T >>> removed from the market: >>> >>> >>> http://finance.yahoo.com/tech-ticker/article/63515/Americans%27-Money-Safer-Today-as-Govt.-Guarantees-Money-Market-Funds?tickers=BAC,F,MS,mer,leh,wm,wb >>> >>> http://snipurl.com/br0y8 [finance_yahoo_com] >>> >>> BO has asked for more air time from the networks. Maybe he's going to >>> open the US UFO Xfiles like Denmark, et al, to take our minds off our >>> financial woes. >>> >>> Terry > >
