Feds cite Schumer in collapse of IndyMac

LATimes.com ^ | July 11, 2008 | Peter Viles

[Banjoguy]

....I believe this fit in perfectly with the goal of the political and social left in this country, which is: the impoverishment of the country and the destuction of the middle class. Schmucky Schumer is a good fellow traveler.

[sofaman]

Hey, Chucky Schmucky Schumer, “false fingers of blame?” You’re an expert, as are your pathetic cohorts.

[wastedyears]

Lock him up and throw away the key.

[Ratblaster]

And if banks tighten their loan requirements, the left screams “discrimination.”

[jim35]

Chuck Schumer. A name that should always be followed with a good spit.

[Winged Hussar]

I bought this turkey in 2005 because it had good earnings. I dumped it in 2007, with a loss of $500 or so. I guess I was lucky to get out with most of my principal.

[Ratblaster]

This is what the Dems are doing, talking down the economy, to demoralize the electorate, to pave the way for the Mocha Messiah.

[y6162]

The curious thing is why did Schumer release the letter?

Being a self-obsessed, Spitzer-like nut, what was in it for himself? I bet he was extorting someone associated with the bank who failed to pay him off.

[maggief]

[Dilbert San Diego]

Chuck Schumer is a good Democrat. Thus, he is blameless in this fiasco.

Now if a Republican had released the same letter, and the results were the failure of this bank, would it be time for a public crucifixion of a Republican for the same thing?

[John123]

You’re an expert

That was too kind. I'm not even sure I would trust Schumer with a KFC spork...

[1FreeAmerican]

How ‘bout a good sh*t instead.

[MrsPatriot]

This man needs to be run out of the senate. Mitch McConnell, that’s your job. How many times are you going to let this man break the law (Michael Steele’s credit report) with impunity?

[rbg81]

Dems are like Jekyll and Hyde. They bash you for doing one thing (not lending to deadbeats and/or undocumenteds). Then, if you listen to them, they bash you for the consequences (you bank fails). Of course, they are NEVER at fault for any of it.

[JerseyHighlander]

It’s convenient to try to blame Schumer here, but Schumer’s letter was the canary in the mine, the IndyMAC management was the poison gas that killed this company, not some obnoxious weekly outrage press conferencing schmuck from New York.

[darkangel82]

Seconded. Prosecute ‘em.

[RockinRight]

The GOP needs to be all over this like white on rice.

Yes, America, the DEMOCRATS caused a big bank to fail.

[DogBarkTree]

Follow the money. Not the money in the run on the bank. Follow the money that stood to gain. Id be curious to know what hedge funds had shorted the stock before Shmucky opened his yap. It’s well known what a bed whore he is with a lot of hedge funds.

[Onelifetogive]

Now if a Republican had released the same letter, and the results were the failure of this bank, would it be time for a public crucifixion of a Republican for the same thing?

The Dims are hypoctites, I am not. I would defend a conservative for doing this. So too will I for a leftie.

He does not get a pass on forcing banks to make bad loans then attacking them when they do. Nor would a pubbie.