USA was 3 hrs away from Economic, Political Collapse in September 2008Submitted by D4L on Wed, 02/11/2009 - 06:38
Mon Feb 09, 2009 at 08:58:22 PM PST
According to Rep. Paul Kanjorski (D) (PA-11), in mid-September of 2008, the United States of America came just three hours away from the collapse of the entire economy. In a span of 2 hours, $550 billion was drawn out of money market accounts in an electronic run on the banks.
Rep. Kanjorski: "It would have been the end of our economic system and our political system as we know it."
Kanjorski's bombshell begins to detonate at roughly 2:10 into the video.
Go here for the video: http://www.dailykos.com/storyonly/2009/2/9/234340/6189/142/6...