Beyond Shameful: Schumer Causes a Run On Indymac
The protestations of my ghastly senior Senator ring hollow. A basic familiarity with financial history teaches that banks on the razor's edge of trouble can be saved or pushed over the edge into the abyss by the ever-so-slightest breeze of luck or ill wind. How a bank gets into trouble is water under the bridge, the matter of life and death swings on the critical current status of public confidence. Schumer's letters to federal agencies, made public, amounted to an air cannon applied to a tack spinning on a razor. Schumer clearly isn't that stupid, the only explanation is that he wanted to facilitate some catastrophic headlines that he perceives can only help the Democrats in November (with few direct consequences on his constituents). This is dastardly in the extreme.
1 Comments:
They are all bad. Socialism is here, right now, in America. It doesn't look good.
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