"cavelamb" wrote in message
...

http://seekingalpha.com/article/1196...cle_sb_popular

Interesting video with Rep. Kanjorski describing events of September
18 and the reasons for Fed panic.



Update: Felix Salmon raises questions on Kanjorski's statements: "This is
all, frankly, fiction."

I believe the guy heard this from the Fed but Kanjorski is just a rube that
didn't know better.
It just wasn't true.
The funds just began inposing the limits that are allowed by mutual consent.
MMF's aren't bank accounts no matter what anyone tells you. Some, in fact,
can only be accessed once each year although monthly or quarterly is the
more ordinary period.


JC