2008 US dollar Speculative Attack: Difference between revisions
wikademia>FlyingToaster |
wikademia>Kadel No edit summary |
||
| Line 1: | Line 1: | ||
{{dated prod|concern = Dubious, unsourced theory|month = February|day = 14|year = 2009|time = 22:34|timestamp = 20090214223447}} | {{dated prod|concern = Dubious, unsourced theory|month = February|day = 14|year = 2009|time = 22:34|timestamp = 20090214223447}} | ||
<!-- Do not use the "dated prod" template directly; the above line is generated by "subst:prod|reason" --> | <!-- Do not use the "dated prod" template directly; the above line is generated by "subst:prod|reason" --> | ||
On [[September 11]] [[2008]], according to Rep. [[Paul E. Kanjorski]], a speculative attack against the US dollar was launched. During a closed doors session of Congress, Chairman of the Federal Reserve [[Ben Bernanke]] revealed that there had been a $550 billion dollars electronic money market run on US banks. The [[Federal Reserve]] and [[US Treasury]] attempted to halt the run on the dollar by pumping $150 billion dollars into the economy, but was unsuccessful in doing so. It was then decided by the [[US Treasury]] to close the accounts to finally halt the attack and avoid a massive bank collapse.<ref>http://www.youtube.com/watch?v=_NMu1mFao3w&eurl | On [[September 11]] [[2008]], according to Rep. [[Paul E. Kanjorski]], a speculative attack against the US dollar was launched. During a closed doors session of Congress, Chairman of the Federal Reserve [[Ben Bernanke]] revealed that there had been a $550 billion dollars electronic money market run on US banks. The [[Federal Reserve]] and [[US Treasury]] attempted to halt the run on the dollar by pumping $150 billion dollars into the economy, but was unsuccessful in doing so. It was then decided by the [[US Treasury]] to close the accounts to finally halt the attack and avoid a massive bank collapse.<ref>http://www.youtube.com/watch?v=_NMu1mFao3w&eurl</ref> | ||
The origins of the attack are currently unknown. | The origins of the attack are currently unknown. | ||
Revision as of 22:38, 14 February 2009
On September 11 2008, according to Rep. Paul E. Kanjorski, a speculative attack against the US dollar was launched. During a closed doors session of Congress, Chairman of the Federal Reserve Ben Bernanke revealed that there had been a $550 billion dollars electronic money market run on US banks. The Federal Reserve and US Treasury attempted to halt the run on the dollar by pumping $150 billion dollars into the economy, but was unsuccessful in doing so. It was then decided by the US Treasury to close the accounts to finally halt the attack and avoid a massive bank collapse.[1]
The origins of the attack are currently unknown.