Hey, all I did was re-post what you did the legwork on FRiend, as did Sloop earlier today.
Anyone can make the argument that Schumer only stated what was going to inevitably happen to IndyMac but that overlooks the fact that Schumer made the decision to go public with private statements regarding IndyMac’s liquidity (as stated by Freeper BusterBear up at post #22), which is a highly irresponsible thing to do.
It’s easy for Schumer to play fast and loose with the financial security of millions of Americans, he’s got his, and he’ll ride his golden parachute out of the U.S. Senate at whatever time he decides is the ‘right time’ to retire. He’s a corrupt ‘Rat from New York, and his kind are seldom turned out of office because the voters who keep putting him back in there are quite frankly either just as corrupt as he is, or as stupid as a bag o’ hammers - take your pick.
What is needed, and what I doubt this current Justice Department is capable of, is an investigation into Schumer’s actions in this affair, and if there is evidence of wrong doing, Schumer should be frog marched out of his office and into the slammer at least until he makes bail. The Feds need to send a message to anyone, elected official or not, who seeks to trash talk a financial institution to the point where rumors take on the power of fact, and depositors start losing confidence in the banking system.
To some who don’t like the way our banking system works, that might sound almost appealing but they shouldn’t kid themselves: an economic collapse is exactly what our foreign enemies want, because in their minds it hastens the demise of the United States, and our domestic enemies likewise seek economic collapse (and I’m talking about Democrats here) because they see it as a guaranteed pathway back to controlling all three branches of government.
God help us if that happens.
That’s a good idea about a Justice investigation. We should try to get some Republicans in the Senate or House to write to the AG and request an investigation. IndyMac was based in Pasadena - I don’t know who the Congressperson is for that area, but he or she might have some questions for Mr. Schumer! God knows Barbara Boxer and Dianne Feinstein won’t care about this, even as thousands of their constituents lose their jobs.