Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks"

YouTube - Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks": "At 2 minutes, 20 seconds into this C-Span video clip, Rep. Paul Kanjorski of Pennsylvania explains how the Federal Reserve told Congress members about a 'tremendous draw-down of money market accounts in the United States, to the tune of $550 billion dollars.' According to Kanjorski, this electronic transfer occured over the period of an hour or two."