Wednesday, February 11, 2009
Money Market Drawdown on September 15th 2008
In response to a CSPAN caller, Representative Paul Kanjorski (Capital Markets Subcommittee Chair) gives his perspective on the bailout.
The especially interesting part (past 2'00") is his description of how the money market drawdown on September 15th, 2008 threatened to collapse the world financial system in 24 hours.
Also... mind the numbers...
This great movie starts to sound like a nice lullaby from today's perspective...
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