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.
Schumer defended himself at the time by saying:
"The regulator here was asleep at the switch," Schumer said then at a news conference. "The
administration is doing what they always do, blaming the fire on the person who
called 9-1-1."
No, Chuck. You screamed "Fire!" in a crowded theater and caused a panic rather than allow an orderly evacuation. Then you poured gas on whatever fire there was in order to show everyone how right you were.
Their anger centers around a letter Schumer sent to federal regulators June 26 expressing
concern that IndyMac
"may have serious problems with its current loan holdings and could face a
failure if prescriptive measures are not taken quickly."
In the 11 days that followed, IndyMac Bancorp Inc. depositors made a run on the bank,
withdrawing more than $1.3billion from their accounts.
As usual, Schumer was more concerned with his own massive ego than the bank, its employees or depositors. Otherwise, what was the point of publicising the letter?
Schumer spokesman Brian Fallon questioned
the motivation behind the letter.
"It certainly raises eyebrows that the firm
promoting this letter is the same outfit that fueled the Swift Boat attacks and
does work for the RNC," Fallon said.
Talk about blaming the messenger! How about addressing the facts? The fact is that this was typical Schumer recklessness. IndyMac was just the latest casualty of the most shameless and self centered jerk in congress. And that's saying a lot.
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