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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.
Originally posted by TheLoony
$550 billion was taken out in two hours. By whom? I'm assuming it was corporations doing this, not the little guy on the street. How did they know to pull their money out at that time?