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Hundreds more throng AIG Singapore office
http://www.arabtimesonline.com/client/pagesdetails.asp?nid=22400&ccid=18

SINGAPORE, Sept 18, 2008 (AFP) - For the second straight day hundreds of anxious policyholders lined up in the hot sun outside Singapore offices of global insurance giant American International Group (AIG) Thursday.

Hundreds more — some vowing to terminate their policies — were already inside the offices of AIG and its wholly-owned subsidiary, American International Assurance Company Limited (AIA). They had returned after lining up on Wednesday without getting served.

Many in the crowd were unmoved by an announcement from the US Federal Reserve, the central bank, that the United States government would give an unprecedented loan of up to 85 billion dollars to AIG in a bid to avert a global financial calamity.

But didn’t ?
KANJORSKI: On Thursday, Sept. 18th at about 11 o’clock in the morning the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States, to the tune of $550 billion was being drawn out in a matter of an hour or two. The Treasury opened up its window to help. It pumped $105 billion in 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 out there.

Check the dates out. What was going on over in Singapore that we missed and didn’t read in the MSM?

to the tune of $550 billion was being drawn out in a matter of an hour or two.

That is the part I am interested in and want to know who triggered. The fact that AIG was suffering policy cancellations would probably not impact money market accounts here in the US.

I want someone to assure me there are no Soros or other DEM operative fingerprints on this mass withdrawal of $500BILLION in money market funds in two hours. This is not a coincidence IMHO.