YouTube - Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks"

YouTube - Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks"
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: