Shocker: Electronic Money Market Run Nearly Destroyed US Economy (Video-Kanjorski on CSPAN)

Rush Limbaugh (CSPAN video) ^ | 2-10-09 | Rush Limbaugh

[y6162]

“The run didn’t get started until Wamu “

Bank runs are based on fear of failure. I think IndyMac set the stage.

Schumer’s behavior was very strange. The regulators howled.

[dalereed]

“Who withdrew those funds on Sept 18th 2009. “

No one since it’s only September 1st, 2009 today!!!!!!!!!!!!!!!!!!

[Road Warrior ‘04]

One question I’ve always had and I don’t think it was ever answered: If there was a $550 Billion withdrawal from money market accounts, who got it and where did it go?

[FreeAtlanta]

Face it. The answer and all these traitor’s judgment - including the athiest or whatever he is, Soros - is found in Revelation.

[dalereed]

“The run didn’t get started until Wamu went under”

They didn’t go under, there was an orchastrated run of 18 billion on them and the Feds gave them to Chase.

I saw it coming and grabbed a $200k 5% 13 month CD from WAMU When it happened.

I hope that WAMU’s law suit against the Fed and Chase is successful and Chase gets kicked out.

[tiki]

It wasn’t just oil futures it was almost all commodities. Prices were through the roof but nobody wanted to actually take delivery of the product.

[SuziQ]

The original story is dated from Feb. of 2009.

[mountainlion]

I hope this was not the rehearsal for Obama’s September surprise.

[peeps36]

I think they know something big is about to hit the financial markets and they want total control over the details. I keep hearing about a plan to close the banks for a few days and then reopen them with a devalued currency. We will know we are about to get screwed as soon as they shut down the media. They will try to take our freedom or our money and possibly both.

[omega4412]

From the Forbes 2009 list of billionaires
1. William Gates III $40.0 billion
2. Warren Buffett $37.0 billion
3. Carlos Slim Helu $35.0 billion
4. Lawrence Ellison $22.5 billion
5. Ingvar Kamprad $22.0 billion
...
29. George Soros $11.0 billion

The $550 billion withdrawal seems beyond the reach of individual billionaires. But not of some nations.

[tiki]

Makes you wanna fastforward to October.

[victim soul]

bookmark

[SunTzuWu]

Article is from Feb ‘09.

[Candor7]

Sheesh...... I was only off a year!!!2008 Mea Culpa!!

[OldCorps]

bump for later.

[STARWISE]

Before the 2010 elections, I’m sure we’ll
all witness what else is in their bag of evil
tricks.

Now .. during .. after .. we fight like hell!
Call, write, email, fax .. get in their space ..
make them know .. get active.. so they know
with CERTAINTY that they work for us~!

[muawiyah]

They simply didn't have the funds to cover the withdrawals being demanded ~ and "went under". The banking operations, however, were first stripped from the WaMu holding company and assigned to Chase.

The holding company filed for Chapter 11.

[dalereed]

Actually it was August that the run started when 18 billion was taken out of WAMU.

That’s when I saw it happening and got a 5% 13 month $200k CD from them.

They only offered it for a week trying to stem their capitol outflow.

The 26th of this month i’m going to have to reposition it.

[Carley]

I would like to live long enough to find out who drained those accounts and who has the money

[muawiyah]

Nikkei is DOWN 2.74% already ~ WOW!

Hold on for a ride tomorrow.