The Washington-based Politico newspaper reported this afternoon on a statement that Burr put out when Citigroup bought Wachovia reassuring North Carolinians not to worry — around the same time he told his wife to withdraw money from the bank:
"Today's news of Citigroup's acquisition of Wachovia might be unsettling to many in North Carolina. While these are difficult times in our economy, it is important to remember that this move provides for the protection of accounts and the soundness of savings for Wachovia's customers. FDIC has said that all services for customers should continue uninterrupted."
"Today's news once again shows that our financial markets are currently facing tremendous uncertainty, and it is an absolute necessity to move quickly to bring some stability to the crisis."
The press release was posted to Burr's Web site at 12:46 p.m. on Sept. 29, 2008.
On Thursday, Burr spokesman David Ward said that the senator had called his wife around the last weekend in September.
"When you think about the three weeks prior to this, you saw some of the biggest investment banks and commercial banks fail. You saw Lehman collapse, Fannie and Freddie propped up, WaMu fall, and Merrill Lynch acquired by Bank of America," he said. "The outlook was pretty grim at the time."