Schumer Shows No Remorse and Shirks Responsibility

Chuckie is always causing damage.

instead of holding the bank accountable for it's terrible performance, it's the words of congressman that caused them to fail. Don't you wingnuts understand the concept of personal accountability? You sure hold everyone but yourselves to a pretty high standard.

Public figures hold a great deal of power and persuasion in the offices and should behave with an understanding of this power. In the previous 15 months IndyMac lost 800 million dollars its first yearly loss in its twenty year lifetime.

"The bank, which lost $184.2 million in the first quarter, announced on Monday that it was expecting a wider loss for the second quarter. It lost $614 million last year stemming from its focus on the Alt-A mortgage sector." -- Catherine Clifford and Chris Isidore, CNNMoney.com writers
Last Updated: July 13, 2008: 5:32 PM EDT

And yet within 2 weeks of Senator Schumer's public letter of "concern" it lost more than twice this amount.

"Within 11 business days of the letter, there was a run on the bank: Depositors withdrew more than $1.3 billion." -- John Ydstie and Linda Wertheimer of NPRWeekend Edition Saturday, July 12, 2008

Schumer's analogy is an embarrassment:
" 'The regulator here was asleep at the switch,' Schumer said. 'The administration is doing what they always do, blaming the fire on the person who called 9-1-1.' "

Instead he should take responsability for this fiasco much like a man in a full movie theater yelling fire because he smell the popcorn burning.

The amount that the 11 day run was more than twice of was the 1 year loss. Senator Schumer's financially ill-timed attention getter caused a private entity to lose in capital in a two week time period more than twice the amount it had lost in the previous year. I wonder what concern a Senator from New York has with a Pasedena, CA based institution if it isn't for someones political gain.