How the World Almost Came to an End, 9/18/08

Quote from bidask:

who was withdrawing the $500 billion in that hour or two? that's what i want to know.
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yeah....and had our fed not closed down the operation, who could've withrawn $5T from our system? obviously china.....
 
why china?

Quote from forsalenyc:

yeah....and had our fed not closed down the operation, who could've withrawn $5T from our system? obviously china.....
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Quote from bidask:

why china?
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no particular reason........who else could've? Europe was just as hellish those days.......... china or Japan, or both, had to be a major.
 
Quote from AAA30:

How did they come up with the $5.5 trillion with a line and a ruler. Maybe the dickheads passing around this story should lookup how much money is actually held in money market funds.

http://www.ici.org/stats/latest/mm_02_05_09.html#TopOfPage
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That's right, there's all sorts of stupid sensationalist crap in these... I commented on this in a couple of threads that have since disappeared.

Whoever looks at this as a giant conspiracy by the Chinese or whatever, has absolutely no idea of a) how the money markets work; b) what m-mkt funds do and how they operate; and c) what actually happened on and immediately before Sep 18, 2008.
 
The FED could have done it all

all of it

they could have done it from overseas even

they are a capable bunch
 
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