BAC about to go down... remember when Lehman blew up... USA was 3hres away from total collapse

DOOM WE CAN BELIEVE IN.

ok, I'll be the dumb one.... what is BAC stand for?

Damn DailyChaos wreaking havoc on my PC.

Bank of America Corporation.

Bank of America

[link to www.youtube.com]

I was there when the secretary and the chairman of the Federal Reserve came those days and talked to members of Congress about what was going on... Here's the facts. We don't even talk about these things.

On Thursday, at about 11 o'clock in the morning, the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States to a tune of $550 billion being drawn out in a matter of an hour or two.

The Treasury opened up its window to help. They pumped $105 billion into the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks.

They decided to close the operation, close down the money accounts, and announce a guarantee of $250,000 per account so there wouldn't be further panic and there. And that's what actually happened.

If they had not done that their estimation was that by two o'clock that afternoon, $5.5 trillion 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.

Now we talked at that time about what would have happened if that happened. It would have been the end of our economic system and our political system as we know it.

Sorry OP, you lost me at dailykos...
I don't trust a damn thing off that pinko Communist site!
I for one could live w/o BAC, and that's just for starters. Run them all out, end the FED, and bring back Constitutional money! And our troops!
Ron Paul 2012

You tard. The source is not the daily kos, it's a congressman.

Do you take youtube and a congressman as a source?


[link to www.youtube.com]

Yea, tard who's changing my voter registration from Libertarian to Republican and voting Ron Paul in my local primary election, !