Schumer deflects IndyMac blame

Sen. Charles Schumer on Sunday defended himself against claims by regulators that he was partially to blame for a run on IndyMac Bancorp Inc.

[Viking Knight]

Isn't this Sen. Schumer the same liberal nitwit who opposed rewriting the Federal bankruptcy laws because the reforms were too "business friendly"?

[Ninth]

It seems to me these socialist are always crying, "It isn't my fault", "I had good intentions". It also seems he doesn't understand what happens when he opens his mouth. Probably comes from noone listening to these beach blankets most of the time. God forbid that anyone is friendly to business's, b.t.w..

[RDH]

Of course Chuck denies having anything to do with the run on IndyMac. And how dare you Californians have such a large financial institution not located in his state!

Want to bet that the Feds sell this institution to some entity in New York?

[Green Giant]

Sen. Schumer should be tarred and feathered and released in the center of the NYC financial district. After that let him go back to his senate job with a true respect for consequences of irresponsible handling of a real problem issue. Hopefully others would act more responsibly from seeing what tar and feathers does for a person.

[HardHatWearer]

On July 8th, 2008 IndyMac announced it was firing 53% of its workforce and exiting its retail and wholesale lending units. Would anybody care to analyze if this announcement caused any form of run on the bank?