Club Cobra - S__ head shumer

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This comtempt should be booted ASAP.........

Senator Schumer (D-NY) Kills a Bank
Reportedly the most dangerous place in Washington, DC is attempting to get between Senator Charles Schumer, the senior senator from New York, and a TV camera.

Today federal regulators directly blamed Sen. Schumer for causing the third largest bank failure in history, a disaster that is likely to cost American taxpayers as much as $8 billion.

Senator Schumer ten days ago wrote a letter to federal regulators that specifically named IndyMac, a $32 billion bank, as failing. Senator Schumer made the letter public, which caused a depsitor run on the bank.

According to John Reich, the Director of the Office of Thift Supervision, Mr. Schumer's public release of the letter "spooked" the bank's customers, giving the bank "a heart attack" that resulted in its failure.

In addition to the loss to taxpayers, approximately 10,000 IndyMac customers will lose at least a portion of their deposits with the bank.

No other senator has made public such a letter. This is a first.

:mad: Somehow, not surprising. His grasp of real life has long been demonstrably rooted in his fantasies of his own importance. Just another pearl of his wisdom.

Fire the sonofab*tch. Flat-out fire him. Impeachment proceedings for gross negligence, followed immediately by a class-action lawsuit for malfeasance, ought to be pursued with extreme vigor. :mad:

pitch forks and torches.............nothing like a good lynching, really gets
the blood flowin'

There is a difference between a 'good lynching' and a well deserved public hanging. The bipartisan OTS (Office of Thrift Supervision) named Schumer DIRECTLY responsible for the failure, and rightfully so, because after he went public unnecessarily BILLIONS of dollars were drained out of the bank by panicked depositors which led the FDIC to 'call' the bank on deposits. You might not be so glib for old Schu if YOUR retirement savings had just taken a good hard hit. Luckily, the FDIC says they will try to cover 50% of the amounts over the $100,000 dollar limit. Time will tell. What does not need interpretation is the fact that Schumer should have had enough sense to keep his trap shut as far as public calls like this one.