CSPAN Rep Paul Kanjorski Reviews the Bailout Situation

C. September 15th, 2008: $550 billion gone within hours.

While most were sleeping, the nation almost had the rug pulled out from under it.

Should active measures not have been taken by the Federal Reserve, within hours of the same day $5.5 trillion would’ve been drawn out of the market, instantly collapsing the entire US economy and sending the entire world into global collapse. This is something that actually happened and should serve as a warning to exactly how vulnerable and exposed our financial markets are to this type of attack. The American people must understand that it’s completely false to believe that we are living in a time of peace and prosperity when, in fact, the US is in a constant state of war.