One question I’ve always had and I don’t think it was ever answered: If there was a $550 Billion withdrawal from money market accounts, who got it and where did it go?
I have been wanting to know “who” and “where” for months. The first time I heard of this was from Kanjorski’s mouth in a Fox News interview. Being an old bank examiner, I about flipped out. One would have expected that the media would have had at least as many questions as I had. But all that came of it was the sound of crickets chirping.
If I recall correctly, McCain was making a move on Obama when this happened. The liquidity crisis and panic killed his rally.