World economy almost “destroyed” in “the span of an hour” last year

April 3, 2009
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httpv://www.youtube.com/watch?v=HOhc2e6UfMM

The caller is less interesting at the beginning is less interesting than the story Rep. Kanjorski tells, starting about 2 minutes in, about being threatened with “total global economic collapse” by Hank Paulson if they didn’t immediately hand over the $900 billion, no questions asked. I remember when this happened of course, bu I have never heard so much detail before. The entire world economy can be “destroyed” within the span of an hour by a few people withdrawing from their money market accounts? Isn’t this what Camille Paglia refers to as “the thin veneer of civilization”?

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