GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Congressman: We Came Within Hours of Collapse

ADL Colin · 02-16-2009, 12:07 PM

I posted this about a week ago. There is something more than a little off about this story.

Here's the Money Market data:
http://www.ici.org/stats/mf/mm_data_2009.pdf

The congressman claimed that $5.5 trillion would be pulled out of the "money market (MM) system" if they didn't immediately act . However the entire total amount of money in the money market system is less than $4 trillion. Also the most amount of money ever withdrawn in a single day from the MM is $140 billion. Certainly $5.5 trillion could not be pulled out of a pool that is smaller than $4 trillion.

Here's an article in rebuttal to the Congressman's statements.
http://www.portfolio.com/views/blogs...unds-the-facts

There is probably some truth behind the story but there also seems to be some things that are mixed up about it.

02-16-2009, 12:07 PM
ADL Colin Too lazy to set a custom title Join Date: Feb 2001 Location: Tube Titans, USA Posts: 11,929	I posted this about a week ago. There is something more than a little off about this story. Here's the Money Market data: http://www.ici.org/stats/mf/mm_data_2009.pdf The congressman claimed that $5.5 trillion would be pulled out of the "money market (MM) system" if they didn't immediately act . However the entire total amount of money in the money market system is less than $4 trillion. Also the most amount of money ever withdrawn in a single day from the MM is $140 billion. Certainly $5.5 trillion could not be pulled out of a pool that is smaller than $4 trillion. Here's an article in rebuttal to the Congressman's statements. http://www.portfolio.com/views/blogs...unds-the-facts There is probably some truth behind the story but there also seems to be some things that are mixed up about it. __________________ Adult Date Link - $50 PPS starting NOW! -- good and JUICY! skype = "adultdatelink"