I'll transcribe what the man said and you can follow it on the video starting at 2:08 into the clip.
Now, since he states that the Secretary and the Chairman of the Federal Reserve came to talk with members of Congress on about September 15th and that the bank run happened on Thursday the bank run he mentions would have in fact have happened on September 11.
How can you not see any relation?
...the money market attack that broke the buck.
You do know that breaking the buck is when a money market's funds net asset value falls below $0.995, don't you? How could the money market attack be breaking the buck?
A very confusing response you have there.
So, where did that 1/2 trillion dollars go?
Who pulled it?
The event he described happened on Thursday September 18, 2008.
..."ALLAN CHERNOFF, CNN SR. CORRESPONDENT: That's right. The Federal Reserve this morning, in three separate operations, has injected $105 billion into the financial system, into the banking system. This is a record amount in one day, even greater than the $81 billion that the Fed injected following September 11 after the attacks. So this -- this is really a big move by our central bank to try to keep the wheels of finance turning.Now, what's been happening is that banks have been so nervous, they haven't been lending, even much to each other. And so this is overnight funding that the banks will have. They, in turn, have given the Federal Reserve treasury securities and also debt backed by Fannie Mae and Freddie Mac. They make a trade overnight. And so these institutions now have lots of capital. They can use that capital to lend to each other. Ultimately, the idea is that we want to see the banks lend to corporations, lend even to individuals, like ourselves.
I just got off the line, though, with Brian Fabbri, a veteran economist at BNP Paribas, who's followed the Fed for years. And he says he thinks this may not be enough yet to get that lending going to consumers, to corporations. Still a very big problem for all of us."...
There is the $105 billion that the Congressman referred to in the CSPAN interview.
Money market breaks the buck, freezes redemptions ON SEPTEMBER 17, 2008.