Ed Huntress wrote:
"Ignoramus19119" wrote in message
...
On 2009-02-17, cavelamb wrote:
Ignoramus19119 wrote:
http://seekingalpha.com/article/1196...cle_sb_popular

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

Sorry about that.

electronic warfare?
Looks like we both posted the same thing?

But did either of you post this?

http://seekingalpha.com/article/1202...unds-the-facts

"...there never was a $500 billion outflow from any asset class in the space
of a couple of hours or even weeks, and the Fed never shut down or froze any
money-market accounts.
"This is not the first time that Kanjorski has made these allegations..."

--
Ed Huntress



also...

http://www.nytimes.com/2008/09/20/wa...cong.html?_r=1


Congressional Leaders Stunned by Warnings

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By DAVID M. HERSZENHORN
Published: September 19, 2008

WASHINGTON — It was a room full of people who rarely hold their tongues. But as
the Fed chairman, Ben S. Bernanke, laid out the potentially devastating
ramifications of the financial crisis before congressional leaders on Thursday
night, there was a stunned silence at first.

Mr. Bernanke and Treasury Secretary Henry M. Paulson Jr. had made an urgent and
unusual evening visit to Capitol Hill, and they were gathered around a
conference table in the offices of House Speaker Nancy Pelosi.

“When you listened to him describe it you gulped," said Senator Charles E.
Schumer, Democrat of New York.

As Senator Christopher J. Dodd, Democrat of Connecticut and chairman of the
Banking, Housing and Urban Affairs Committee, put it Friday morning on the ABC
program “Good Morning America,” the congressional leaders were told “that we’re
literally maybe days away from a complete meltdown of our financial system, with
all the implications here at home and globally.”

Mr. Schumer added, “History was sort of hanging over it, like this was a moment.”

When Mr. Schumer described the meeting as “somber,” Mr. Dodd cut in. “Somber
doesn’t begin to justify the words,” he said. “We have never heard language like
this.”

“What you heard last evening,” he added, “is one of those rare moments,
certainly rare in my experience here, is Democrats and Republicans deciding we
need to work together quickly.”

(more)