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To: BusterBear
I have a lot more ideas about what motivated Schumer here. I may write an article on it and post it here later this weekend. This stinks, no doubt about it. In my opinion it was a deliberate political hit of IndyMac.

IndyMac has no PAC, its executives made no political contributions, and it does not even have a registered lobbyist in Washington. My guess is it was completely blindsided by Schumer. Whatever deals it may have been working on to line up new capital infusions or to sell any of its assets went right down the crapper, along with over a billion dollars in deposits that were withdrawn by panicked customers.

13 posted on 07/12/2008 3:35:49 PM PDT by Dems_R_Losers (RIP Tony Snow, great American, father, and Christian)
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To: Dems_R_Losers

One angle you may want to look into for your prospective article on IndyMac comes courtesy of housingwire.com:

>>...Our industry sources have gone so far as to suggest that Schumer was paid off to leak the letter to the press, although it’s unclear if the suggestion is anything more than idle speculation. The conspiracy theory goes like this: IndyMac has been privately negotiating for new capital for at least the last few months, and a Large Investor offered a deal that CEO Michael Perry balked at; Large Investor decided to pay a few bucks to a Senator in New York to force the issue...<<

http://www.housingwire.com/2008/07/03/regulators-to-schumer-weve-got-a-whole-bag-of-shhh-with-your-name-on-it/

schumer=pond scum


61 posted on 07/12/2008 7:19:44 PM PDT by bugseye
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