Agoracom Blog

VIDEO (1min 21secs): Paulson Explains “Too Fast To Stop” … How A Bank Run Brings The Entire System Down

Posted by AGORACOM at 11:31 AM on Wednesday, December 14th, 2011

I am growing ever more concerned that trust in financial institutions is eroding. Trust, after all, is what allows you to keep your money, gold, silver and other assets stored with various financial institutions (banks, brokerages, etc.). Once that trust is gone, the repercussions go far beyond hurt feelings.

Given the recent MF Global collapse, followed by this story in Bloomberg in which we can’t figure out who actually owns gold and silver bars (with great analysis from ZeroHedge), I feel it is necessary to post the video clip below for everyone’s benefit.

“Too Fast To Stop” – Hank Paulson On What Happens When A Bank Run Results From Terrified Depositors (You) Who Start Withdrawing All Of Their Cash. Take 1min 12secs out of your life and watch this video clip from Too Big To Fail in which Treasury Secretary Paulson explains to his wife how fast it might all collapse

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