Wasn’t there a report not too long ago where there was a large amount of cash missing from the FED or TARP? I am going to try to dig it up. I’m just sayin’
WellyP posted this on another thread about the same topic....this is what I was referring to:
Any connection?
http://www.jrdeputyaccountant.com/2009/02/bank-run-which-shall-not-be-named-91808.html
On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve noticed a tremendous draw down of money market accounts in the USA to the tune of $550 billion dollars in a matter of an hour or two.
Money was being removed electronically.
The treasury tried to help with $150 Billion.
But could not stem the tide.
It was an electronic run on the banks
The treasury intervened but had they not closed down the accounts they estimated that by 2 PM that afternoon. Within 3 hours, $5.5 Trillion would have been drawn out of the money market system of the United States and would have collapsed within 24 hours the world economy.