McClatchy DC Logo

As crisis loomed last fall, NC Senator Burr told wife: Empty ATM | McClatchy Washington Bureau

×
    • Customer Service
    • Mobile & Apps
    • Contact Us
    • Newsletters
    • Subscriber Services

    • All White House
    • Russia
    • All Congress
    • Budget
    • All Justice
    • Supreme Court
    • DOJ
    • Criminal Justice
    • All Elections
    • Campaigns
    • Midterms
    • The Influencer Series
    • All Policy
    • National Security
    • Guantanamo
    • Environment
    • Climate
    • Energy
    • Water Rights
    • Guns
    • Poverty
    • Health Care
    • Immigration
    • Trade
    • Civil Rights
    • Agriculture
    • Technology
    • Cybersecurity
    • All Nation & World
    • National
    • Regional
    • The East
    • The West
    • The Midwest
    • The South
    • World
    • Diplomacy
    • Latin America
    • Investigations
  • Podcasts
    • All Opinion
    • Political Cartoons

  • Our Newsrooms

Economy

As crisis loomed last fall, NC Senator Burr told wife: Empty ATM

    ORDER REPRINT →

April 16, 2009 05:03 PM

WASHINGTON — When the banking crisis hit last fall, U.S. Sen. Richard Burr told his wife to take as much money from the ATM as she could.

It's an anecdote that Burr, a Winston-Salem Republican, has told for a while when talking about the nation's financial woes. But after he used it in a speech Monday before the Henderson County Chamber of Commerce, it began to ripple across the political world.

In the 40-minute speech, Burr told an audience of about 70 business executives about the recent banking crisis and the federal government's response. He said he was so spooked after a briefing in Washington last fall that he called his wife, Brooke, back in North Carolina.

"Tonight, I want you to go to the ATM machine, and I want you to draw out everything it will let you take. And I want you to tomorrow, and I want you to go Sunday," he said, according to an account in the Hendersonville Times-News. "I was convinced on Friday night that if you put a plastic card in an ATM machine the last thing you were going to get was cash."

SIGN UP

Capitol Hill newspapers linked to the story online. Liberal bloggers criticized Burr. And Democratic strategists hoping to defeat Burr in 2010 pounced.

Read the complete story at newsobserver.com

  Comments  

Videos

Lone Sen. Pat Roberts holds down the fort during government shutdown

President Trump makes surprise visit to troops in Iraq

View More Video

Trending Stories

Cell signal puts Cohen outside Prague around time of purported Russian meeting

December 27, 2018 10:36 AM

Ted Cruz’s anti-Obamacare crusade continues with few allies

December 24, 2018 10:33 AM

California Republicans fear even bigger trouble ahead for their wounded party

December 27, 2018 09:37 AM

Sources: Mueller has evidence Cohen was in Prague in 2016, confirming part of dossier

April 13, 2018 06:08 PM

Hundreds of sex abuse allegations found in fundamental Baptist churches across U.S.

December 09, 2018 06:30 AM

Read Next

Are Muslim-owned accounts being singled out by big banks ?
Video media Created with Sketch.

Policy

Are Muslim-owned accounts being singled out by big banks ?

By Kevin G. Hall and

Rob Wile

    ORDER REPRINT →

December 17, 2018 07:00 AM

Despite outcry several years ago, U.S. banks are back in the spotlight as more Muslim customers say they’ve had accounts frozen and/or closed with no explanation given. Is it discrimination or bank prudence?

KEEP READING

MORE ECONOMY

The lights are back on, but after $3.2B will Puerto Rico’s grid survive another storm?

National

The lights are back on, but after $3.2B will Puerto Rico’s grid survive another storm?

September 20, 2018 07:00 AM
Title-pawn shops ‘keep poor people poor.’ Who’s protecting Georgians from debt traps?

Investigations

Title-pawn shops ‘keep poor people poor.’ Who’s protecting Georgians from debt traps?

September 20, 2018 12:05 PM

Agriculture

Citrus disease could kill California industry if Congress slows research, growers warn

September 11, 2018 03:01 AM

Politics & Government

The GOP’s new attack: Democrats wants to ‘end’ Medicare

September 07, 2018 05:00 AM
KS congressman: Farmers are ‘such great patriots’ they’ll ride out Trump trade woes

Economy

KS congressman: Farmers are ‘such great patriots’ they’ll ride out Trump trade woes

August 30, 2018 02:17 PM
Democrats’ fall strategy: Stop talking Trump

Midterms

Democrats’ fall strategy: Stop talking Trump

August 24, 2018 05:00 AM
Take Us With You

Real-time updates and all local stories you want right in the palm of your hand.

Icon for mobile apps

McClatchy Washington Bureau App

View Newsletters

Subscriptions
  • Newsletters
Learn More
  • Customer Service
  • Securely Share News Tips
  • Contact Us
Advertising
  • Advertise With Us
Copyright
Privacy Policy
Terms of Service


Back to Story