The Conservative Cave

Current Events => Economics => Topic started by: franksolich on August 20, 2008, 09:55:09 PM

Title: California might probe Schumer (D-New York) over bank crash
Post by: franksolich on August 20, 2008, 09:55:09 PM: http://www.reuters.com/article/politicsNews/idUSN2045763020080820?feedType=RSS&feedName=politicsNews&rpc=22&sp=true

Quote
California mulls probing senator over IndyMac crash
Wed Aug 20, 2008 6:51pm EDT

WASHINGTON (Reuters) - California's attorney general is reviewing a request by former employees of IndyMac Bancorp Inc to investigate whether a New York senator triggered the bank's collapse by releasing confidential information.

At issue is a much-publicized letter that Chuck Schumer, a Democrat, sent in June to the Federal Deposit Insurance Corp (FDIC) and Office of Thrift Supervision (OTS) questioning the company's ability to survive.

The FDIC took control of IndyMac on July 11 after depositors withdrew more than $1.3 billion over 11 days. It was the third-largest bank failure in U.S. history. At the time, OTS Director John Reich blamed Schumer's letter for causing the run on the bank.

In a letter to Attorney General Jerry Brown last week, 51 former IndyMac workers wrote: "From the day (Schumer's) letter was made public on June 26 until the closure of the bank, a run on the bank took place and the failure became inevitable."

more.....
Title: Re: California might probe Schumer (D-New York) over bank crash
Post by: SSG Snuggle Bunny on August 20, 2008, 09:59:40 PM: CHIMPEACHMENT!!!!!
Title: Re: California might probe Schumer (D-New York) over bank crash
Post by: Lord Undies on August 20, 2008, 10:00:23 PM: This makes me feel all warm and fuzzy.
Title: Re: California might probe Schumer (D-New York) over bank crash
Post by: franksolich on August 20, 2008, 10:01:57 PM: Quote from: Lord Undies on August 20, 2008, 10:00:23 PM
This makes me feel all warm and fuzzy.

Yeah, like it's really going to happen, a Democrat state attorney general investigating a Democrat U.S. senator.
Title: Re: California might probe Schumer (D-New York) over bank crash
Post by: Donpeyote on August 20, 2008, 11:57:47 PM: Quote from: Full-Auto on July 18, 2008, 01:13:01 AM
I think it's perfect that the assclowns rejected his application. Now it gets really interesting. :)
The Assclowns are the fools who think a SCOTUS decision is going to help clarify things regarding 2A issues ... :rotf:
Title: Re: California might probe Schumer (D-New York) over bank crash
Post by: Zeus on August 21, 2008, 12:04:00 AM: Quote from: franksolich on August 20, 2008, 10:01:57 PM
Quote from: Lord Undies on August 20, 2008, 10:00:23 PM
This makes me feel all warm and fuzzy.

Yeah, like it's really going to happen, a Democrat state attorney general investigating a Democrat U.S. senator.

Hard to say . The Former Governor Moonbeam is an unpredictable moonbat. Some times he is actually pert near conservative. Now if he lost any money in the closure he'll be on it like white on rice.
Title: Re: California might probe Schumer (D-New York) over bank crash
Post by: rich_t on August 21, 2008, 01:03:40 AM: Quote from: Donpeyote on August 20, 2008, 11:57:47 PM
Quote from: Full-Auto on July 18, 2008, 01:13:01 AM
I think it's perfect that the assclowns rejected his application. Now it gets really interesting. :)
The Assclowns are the fools who think a SCOTUS decision is going to help clarify things regarding 2A issues ... :rotf:

Kind of :offtopic: ain't ya?

:mental:
Title: Re: California might probe Schumer (D-New York) over bank crash
Post by: asdf2231 on August 21, 2008, 08:04:57 AM: Maybe he can get convicted and then the probing could continue in the federal pen.
Title: Re: California might probe Schumer (D-New York) over bank crash
Post by: Donpeyote on August 21, 2008, 10:34:39 AM: Hopefully when it all comes down he can still be an Ambulance chaser ...
Title: Re: California might probe Schumer (D-New York) over bank crash
Post by: Rebel on August 26, 2008, 08:09:35 AM: Quote from: Zeus on August 21, 2008, 12:04:00 AM
Hard to say . The Former Governor Moonbeam is an unpredictable moonbat. Some times he is actually pert near conservative. Now if he lost any money in the closure he'll be on it like white on rice.

Is he the one that was parodied as a quack by Dana Carvey on SNL?
Title: Re: California might probe Schumer (D-New York) over bank crash
Post by: Baruch Menachem on September 06, 2008, 01:12:03 PM: I think there could only be an investigation if he made money on the deal. Otherwise he is just being his usual irresponsible self.