Nutrider99
07-15-2008, 09:46 AM
One man CAN make a difference. Just ask Chuck Schumer, who is personally responsible for causing a run on the IndyMac Bank, forcing it into insolvency, and costing the taxpayers $4 billion. The Senator, whown I will refer to sa Sentor Moron, is proud of his handiwork. "It's what legislators are supposed to do," Senator Moron told the Wall Street Journal.
The Office of Thrift Supervision (OTS), whose job it actually was to regulate IndyMac, took a different view. "The immediate cause of the closing," the OTS wrote in a press release, "was a deposit run that began and continued after the public release of a June 26 letter to the OTS and the FDIC from Senator Charles Schumer of New York." The OTS added: "In the following 11 business days, depositors withdrew more than $1.3 billion from their accounts."
Link (http://online.wsj.com/article/SB121607771017452513.html?mod=opinion_main_review_ and_outlooks)
Of course, democreeps are counting on the complicity of the media and the abject STUPIDITY of the American people to help them regain power. Since they took power in 2006, they have managed to derail the economy, undermine the war effort, drive the trucking industry into bankruptcy and double the price of fuel. The action of Senator moron was a deiberate attack on the US economy.
The Journal continues:
In the 1930s, such tipsters were derided as rumormongers and often faced indictment for encouraging depositors to stampede banks...
Only last week, the Securities and Exchange Commission announced an investigation into the role of rumor-peddlers in the run on Bear Stearns. We somehow doubt that Mr. Schumer will receive similar SEC scrutiny for his very similar role in bringing about a liquidity crisis at IndyMac. But he may be more deserving.
Of course, using panic selling to drive a major financial entity into insolvency and costing the taxpayers billions is not new to democreeps. Remember when Ken Lay refused to support Al Gore and the libs caused a temporary insolvency at Enron to cost many their life savings?
The democreeps may not be using IED's to destroy America, but the fact is, they pose a far greater threat than any diaper headed Islamist ever did.
The Office of Thrift Supervision (OTS), whose job it actually was to regulate IndyMac, took a different view. "The immediate cause of the closing," the OTS wrote in a press release, "was a deposit run that began and continued after the public release of a June 26 letter to the OTS and the FDIC from Senator Charles Schumer of New York." The OTS added: "In the following 11 business days, depositors withdrew more than $1.3 billion from their accounts."
Link (http://online.wsj.com/article/SB121607771017452513.html?mod=opinion_main_review_ and_outlooks)
Of course, democreeps are counting on the complicity of the media and the abject STUPIDITY of the American people to help them regain power. Since they took power in 2006, they have managed to derail the economy, undermine the war effort, drive the trucking industry into bankruptcy and double the price of fuel. The action of Senator moron was a deiberate attack on the US economy.
The Journal continues:
In the 1930s, such tipsters were derided as rumormongers and often faced indictment for encouraging depositors to stampede banks...
Only last week, the Securities and Exchange Commission announced an investigation into the role of rumor-peddlers in the run on Bear Stearns. We somehow doubt that Mr. Schumer will receive similar SEC scrutiny for his very similar role in bringing about a liquidity crisis at IndyMac. But he may be more deserving.
Of course, using panic selling to drive a major financial entity into insolvency and costing the taxpayers billions is not new to democreeps. Remember when Ken Lay refused to support Al Gore and the libs caused a temporary insolvency at Enron to cost many their life savings?
The democreeps may not be using IED's to destroy America, but the fact is, they pose a far greater threat than any diaper headed Islamist ever did.