Shock Revelation: Congressman Explains $550 Billion Disappeared in ‘Electronic Run On the Banks’

"Their estimation was that by two o'clock that afternoon, five-and-a-half trillion dollars would have been drawn out of the money market system of the United States, would have collapsed the entire economy of the United States, and within 24 hours the world economy would have collapsed."

  • 20 comments
  • Bookmark and Share
February 11, 2009 at 7:03 am - C-SPAN
Dateline: Washington, DC
john   February 11th, 2009 - 7:39 am

This “cyper run” on the banking system seems to be timed to well…Maybe a terrorist activity?

Think of the beneifits of destroying our banking system…

This was the goal of the September eleventh bombing….I see some similarities….

Who was behind the “run of the bank system.”

Was it china trying to extrapolate its money from us?
Was it osama Bin Ladin????

I smell a rat

if   February 11th, 2009 - 7:43 am

Thank goodness we have a community organizer that will fix this mess the democrats Barney frank and Chris dodd and their ilk created.

[...] Quick Take: Shock Revelation: Congressman Explains $550 Billion Disappeared in ‘Electronic Run On the Banks’ → Read full article… [...]

irishkay   February 11th, 2009 - 9:39 am

So now we have had another September attack! Why were we not told about this? Why was our money put at risk? Why the cover-up? This was under the Bush, Pelosi, Reid, Dodd, and Obama and everyone else in the government’s watch! Where were the ‘news’ media in the reporting of this – including internet news?
What does he mean ‘ we don’t talk about this’ ?
My question is WHY THE HE!L NOT!!!!!!!!!
THAT WAS ‘OUR MONEY’!!!! WHO IS WATCHING THE STORE!!!!! Am I to conclude that this whole stimulus package – and the bank bailouts we are ‘forced’ to pay for, is because the ‘government’ was too slow to react to the theft????
Where is the accountablity? Who ‘ran’ on the banks? How did ‘you’ stop it? Who did you ’stop’? Where is the outrage?

Dave, Tn   February 11th, 2009 - 9:43 am

Yeah it was probably a terrorist attack.
BY THE FANNIECRATS LMAO

http://sweetness-light.com/archive/550b-lost-in-electronic-run-on-banks

irishkay   February 11th, 2009 - 9:47 am

I am outraged that the media, Bush, Obama, Clinton, my representatives, NEVER said a word about this!!!!
Why is any one of them still in office? What the heck is going on in Washington? What is infuriating me is this – Obama keeps screaming, whining, and blaming Bush for this fiasco – and everybody is ‘knowing’ that this ‘theft’ had occurred – and didn’t think they ‘needed’ to talk about this – and no one reported it – not the news – not the candidate – not the president – not the treasury – NONE OF THEM!!!! why is this relevant?
BECAUSE WE HAVE TO PAY FOR IT, FOREVER!
WE HAVE LOST OUR DEMOCRACY BECAUSE OF IT – AND HAVE ELECTED A USURPER (WHO ‘KNEW’ OF THIS PROBLEM, AND USED IT TO ‘HIS ADVANTAGE’ TO DUPE THE AMERICAN PEOPLE into voting for him!
THEY ALL NEED TO BE THROWN OUT IF THEY CAN’T WATCH OUR BACKS, AND OUR MONIES!

Eileen for Freedom/Liberty   February 11th, 2009 - 10:13 am

RIGHT NOW 10:07 am est Wednesday 2/11

CSPAN2 continuing coverage of the stimulus bill.

Remember America…continue to call/email the House members and tell them “NO” and especially the ones that are “targeted” in radio ads today in their home states to change their votes to “yes”!

AMERICA…WE ARE THE NECK THAT TURNS THE HEAD…IT IS HIGH TIME WE TURNED IT TOWARD THE AMERICAN TAXPAYER AND NOT A GOVERNMENT HANDOUT!

Here is the list of the radio spot targets :

Senators

Voinovich of Ohio,
Ensign of Nevada
Murkowski of Alaska

Reps.

Shelley Moore Capito (WV).
Blaine Luetkemeyer (MO)
Jo Ann Emerson (MO),
Jim Gerlach (PA)
Charlie Dent (PA)
Fred Upton (MI)
Todd Platts (PA),
Mike Castle (DE)
Candice Miller (MI),
Michael Turner (OH)
Steve LaTourette (OH)
Patrick Tiberi (OH)
Eric Cantor (VA)
Dave Reichert (WA)
Bill Cassidy (LA)
John Fleming (LA)
Brett Guthrie KY)
Jim Cooper (TN).

Here is my email to them last night:

It is my understanding that you are going to be the target of negative radio ads by the Democrats. I just want to encourage you to stay the course with us in voting “NO” on this bloated “pork” bill. We are proud of our Republicans in Washington as they are standing united against the biggest mistake in the history of our country.

On the other hand, we are disgusted by the (3) renegade Republicans that have joined the Democrats against their party and we, the American people.

This bill is not in the best interests of our country and our citizens. It will penalize and burden our children and grandchildren with a debt they can never, ever hope to repay.

We have heard about some of this “pork” in this bill and we are disgusted by doorbells, ACORN and management of our medical records. This is a special interest bill put together by the socialist Democrats and we are totally against it.

Stand firm…stand with us…we will defeat this together. Then and only then we can work on something that will work…like just concentrating on what got us into this mess in the first place…the housing crisis. One thing at a time…thank you for standing with us!

[...] original here:  Shock Revelation: Congressman Explains $550 Billion Disappeared in ‘Electronic Run… Filed Under: Latest News VideoTagged: pcu [...]

irishkay   February 11th, 2009 - 10:53 am

So the meetings with Paulson on the ‘Hill’ was a ’staged’ performance! When all the while he ‘knew’ what had happened, and didn’t disclose it? It ‘WASN’T A MORTGAGE CRISIS! It was a ‘cyber-attack! And back then he ‘knew’ that 700B wansn’t enough! He knew ‘then’ it would cost trillions! Paulson and EVERYBODY ELSE, INCLUDING THE MEDIA, ‘knows’ where the first half of the 700B went!! They are all pretending ‘nobody knows what the banks did with it’!
I remember back to that day, in particular, Obama seemed to have a ‘hands off’ approach – McCain stopped campaigning to go back to the White House, the media reported that Obama seemed ‘more’ in control – McCain looked ‘out there’ – Bush had to force Obama back to the White House because Obama was a ’so-called’ senator. Then a fight ensued in that meeting! I also recalled that Obama ha a ‘fix’ drafted by Soros, at that time! This was all orchestrated by the democrats to turn the election around – essentially ‘STEALING THE ELECTION’ from McCain – if you remember, McCain was ahead until THAT VERY DAY! THIS IS CRIMINAL!

irishkay   February 11th, 2009 - 11:10 am

I’m sooo mad I could spit – How come the UK knew, and we weren’t informed? Just cause there were no bodies lying around like 9/11 – it’s still an attack, right!
You know, I was wondering where the trillion amount came from yesterday when tax-evader geitner came on the boobtube – I thought he only had 350B to play with – did anybody else catch that – this video explains that he (geitner) had the intentions all along to spend trillions instead of 350B!! So the theatrics of Paulson (a Clinton guy) and the questioning of him by the congress was all crap! MY NEW MANTRA IS NOW – TRUST NO ONE!

irishkay   February 11th, 2009 - 11:14 am

DEM’S AND REPUB’S SHOULD ALL BE OUTRAGED AT THE DECEIT – THE SECRECY – THE OUTRAGEOUS ACTIONS OF BOTH PARTIES IN THE GOVERNMENT!
THEY ‘ALL’ KNEW – IT WAS YOUR MONEY, YOUR SAVINGS, YOUR RETIREMENTS, YOUR INVESTMENTS————–AND THEY DIDN’T WANT TO TALK ABOUT IT!!!!! ARE THEY NUTS!!!!!!!!!!
WE ALL NEED TO BAND TOGETHER AND DEMAND AN ANSWER – THEY WORK FOR US! IT’S US AGAINST THEM NOW!

NancyLuvsMe   February 11th, 2009 - 12:00 pm

October surprise for Obama, and a backfire?

Eileen for Freedom/Liberty   February 11th, 2009 - 12:27 pm

Just heard about the great bi-partisanship on behalf of the socialist Democrats…today…in the House and Senate conference…no Republicans have been invited…not one…America…not one!

Call/email your representatives now…and tell them how you feel!

Pelosi and Reid will let no Republicans in on this conference…they are manipulating the bill again to their benefit!

AMERICA THIS MUST STOP…THE SOCIALIST DEMOCRATS ARE TAKING US ON THE MARCH TO SOCIALISM AND BECAUSE SO MANY OF YOU UNINFORMED, ILL INFORMED VOTERS PUT THESE DEMOCRATIC SLUGS INTO POWER IN THE CONGRESS WE ARE HAVING TO FIGHT…FIGHT…FIGHT!

AMERICA…CALL/EMAIL NOW…DON’T GIVE UP!

They are shutting out the Republicans…they are shutting down the American people…surely there are some good American Democrats left that will go against the takeover of their party by the socialists.

DO IT NOW!

Brian from Alaska   February 11th, 2009 - 12:27 pm

Listed here are the offices of the U.S. Govt. if any readers out there can find one on the list that is efficiently run without corruption, red tape, massive waste. Please take your time, it’s a pretty big list. Read the list and tell me if you think we’re getting a good deal on our taxes.

http://www.gksoft.com/govt/en/us.html

Craig   February 11th, 2009 - 12:30 pm

Who did this?
And why is there not an investigation?
Who is hiding this?
Why is this not on every network news?

K   February 11th, 2009 - 3:38 pm

I wish we could just eradicate the stock markets. There’s nothing to it but greed, anyway.

David Merit   February 11th, 2009 - 9:29 pm

Some are speculating it was a hacker job: http://forums.sundaysun.co.uk/viewtopic.php?t=17619

Scots Highlander   February 11th, 2009 - 11:01 pm

This was a concerted effort – I believe that the stench is coming from – China-Russia-Venezuela (this IS the same time they were meeting in Venezuela) and with financial and electronic assistance from Soros and his ilk no doubt. The powers that be know all to well who was behind this attack and are well aware that if the American public were informed the outcry for “revenge” and or criminal prosecution would be unquenchable……….. This was an Attack in scope with 9-11 and we cannot let it fade into obscurity as the Dems want…..they are aware that they would be finished as a party

Eileen for Freedom/Liberty   February 12th, 2009 - 2:47 pm

AMERICA…CSPAN2 RIGHT NOW (2:52 PM EST 2/12)…WATCH IT AND BE INFORMED…PLEASE!
=============================

America…old saying…”haste makes waste”….let us learn a lesson from the fiasco called the “bailout”!

We let the government fool us into thinking the economy would fail if it did not act on the bailout…they did and it didn’t!

FOOL ME ONCE…SHAME ON YOU!

FOOL ME TWICE…SHAME ON ME!

======================

AMERICA…KEEP CALLING…KEEP EMAILING…IT IS NOT OVER…THE DEBATE GOES ON AND SHOULD…THERE IS TOO MUCH IN THIS BILL THAT EVEN THE POLITICIANS DON’T KNOW ABOUT…HOW CAN THEY EFFECTIVELY MAKE A DECISION BASED ON….”NO” INFORMATION…CALL THEM TO JUST SAY “NO” AND LET’S START OVER WITH THE SOCIALIST DEMOCRATS INVITING THE REPUBLICANS TO THE TABLE TO CRAFT A BILL!

Anonymous   February 16th, 2009 - 12:56 am

Watch The Money Masters – Fractional Reserve Banking System
http://video.google.com/videoplay?docid=-515319560256183936

Post a Comment

 

Comment


Notice: Comments containing foul language will not be posted.

 

 

 

* Required Fields

Our Sources

Video & Audio: ABC News  BBC News  CBS News  Clip Syndicate  CNBC  CNN  Current TV  Fark  Fox Business  Fox News  Funny Or Die  iFilm  Legal Television Network  Memri TV  MSNBC  NBC News  NewsInfusion  Newsweek  NY Post  Politico  Real Clear Politics  Reuters  Sky News  Telemundo  Time  TMZ  Wall Street Journal  Washington News Observer  Washington Post 
Webcasts & Video Blogs: Alive in Baghdad  Amanda Congdon Central  Belfast Telegraph  BetterBadNews  Bloggingheads.tv  CBS Evening News  CommandN.tv  Good Morning America  Heritage Foundation  Hot Air  Hotline TV  Kevin Sites In The Hot Zone  Library of Congress  Patrick Ruffini  PrezVid  Rocketboom  Silicon Graffiti  The B-Cast  The Onion  United Nations  Voice of America  WebbAlert  YOUTUBE News & Politics 
Audio Podcasts: 60 Minutes  60 Minutes  Abrams Report  Anderson Cooper  Andy Rooney  BBC  Bill Bennett  Bill O'Reilly  Bill O’Reilly  Brit Hume  C-SPAN  Channel News Africa  Chris Matthews  CNN News Update  Democracy Now!  Dennis Miller  Dennis Prager  EURweb.com  Federal News Radio  Fox News Sunday  Fresh Air  Greta Van Susteren  Hugh Hewitt  John Gibson  Keith Olbermann  Koppel On The News  Laura INGRAHAM  Lou Dobbs  Mark Levin  Mark Plotkin  Meet The Press  Michael Medved  Mike Gallagher  NBC Nightly News  Neil Cavuto  New York Times  News Hour with Jim Lehrer  NewsHour With Jim Lehrer  No Ordinary People  Presidential Weekly Radio Address  Real Time With Bill Maher  Ruth Marcus  Scarborough Country  Sean Hannity  Senate Republican Conference  Slate  Tavis Smiley  The Economist  The Fox and Rice Experience  The G. Gordon Liddy Show  This American Life  This American Life  Times Online  Today Show  Tony Kornheiser  Townhall Podcasts  Tucker Carlson  What’s In The News (CBS)  White House 
User-Generated Video Sites: Addicting Clips  Blip  Bolt  Break.com  CastPost  Clipshack  Crackle  Daily Motion  Eyespot  Fark  Guba  iFilm  LiveLeak  Metacafe  Motionbox  Phanfare  Photobucket  Putfile  Revver  Sevenload  Veoh  Vidilife  Vimeo  vMix  VSocial  Yikers  YouTube 
TV Stations by Market: