The Wall Street Journal had this today about Schumer:
But the Office of Thrift Supervision has been critical of Sen. Schumer for alarming IndyMac depositors, saying that in the 11 days following release of the letter, depositors withdrew more than $1.3 billion. OTS Director John Reich said Friday that Mr. Schumer sparked a deposit run that "pushed IndyMac over the edge." Publicizing the June 26 letters was "an unprecedented act," Mr. Reich told reporters Friday. He said Sen. Schumer should have privately addressed his concerns with regulators. . . .
Related Posts
Banks pressured to buy sovereign debt: When will government realize the problems from forcing banks to make risky loans?Government forces banks to lend money to risky borrowers. Now they force banks to lend money to governments. &nbs- One woman who doesn't appreciate being protected by the Federal governmentCan't the government understand that its protection isn't desired some times? From the Associated Press:The federal go
Get ready for flood of regulations after electionA soft freeze just means that these regulations are piling up.But now Obama’s making it tougher to put costly new rules- New York Times gives only one side of Obama - Steve Jobs discussionHere is the way the New York Times in an article entitled "How U.S. Lost Out on iPhone Work" describes the interaction
- Using government to harass political opponentsFrom Curt Levey at Fox News:Groups on the left are also turning to the judicial branch to harass conservative opponents
- Another cost of Dodd-FrankThe House Financial Services Committee says that the Dodd-Frank law will cost private sector 24 million man-hours per y
Regulators blame Schumer for Bank's Collapse
4/
5
Oleh
abudzar
