California mulls probing senator (Chuck U Schumer D-NY) over IndyMac crash

chucky-schumer.jpg

Remember those boxes of FBI files of former Administration employees that Hillary & her democrat buddies obtained?

Schumer needs to be investigate, charged and prosecuted. His history is long and tainted.

Feds Investigate Dems’ Obtaining Steele’s Credit Report (Charles Schumer, D-N.Y Staff Member) “Lt. Gov. Steele was extremely disturbed to learn about the alleged criminal identity theft of his personal finance records by (a staff member of U.S. Sen. Charles Schumer, D-N.Y.,) at the Democratic Senatorial Campaign Committee.

California mulls probing senator (Chuck U Schumer D-NY) over IndyMac crash

WASHINGTON (Reuters) – California’s attorney general is reviewing a request by former employees of IndyMac Bancorp Inc to investigate whether a New York senator triggered the bank’s collapse by releasing confidential information.

At issue is a much-publicized letter that Chuck Schumer, a Democrat, sent in June to the Federal Deposit Insurance Corp (FDIC) and Office of Thrift Supervision (OTS) questioning the company’s ability to survive.

The FDIC took control of IndyMac on July 11 after depositors withdrew more than $1.3 billion over 11 days. It was the third-largest bank failure in U.S. history. At the time, OTS Director John Reich blamed Schumer’s letter for causing the run on the bank.

In a letter to Attorney General Jerry Brown last week, 51 former IndyMac workers wrote: “From the day (Schumer’s) letter was made public on June 26 until the closure of the bank, a run on the bank took place and the failure became inevitable.”

Brown’s spokeswoman Christine Gasparac said on Wednesday that his office was reviewing the letter and that a decision on whether to act on it could be made as early as next week.

IndyMac is based in Pasadena, California.

After IndyMac’s collapse, Schumer accused the OTS of allowing IndyMac’s lending practices to slip. IndyMac specialized in a type of mortgage that often required minimal documents from borrowers.

Copies of the employee letter were distributed to the press by CRC Public Relations whose clients include the National Republican Congressional Committee, National Republican Senatorial Committee and the Republican National Committee. Continued…

(Excerpt) Read more at reuters.com

Tags:

No Responses to “California mulls probing senator (Chuck U Schumer D-NY) over IndyMac crash”

  1. [...] Apparently the odious PBS propagandist Bill Moyers isn’t the only one who regards conservative radio as “political pornography.” Chucky Schmucky, via Albany’s Insanity. [...]

Leave a Reply

Powered by WP Hashcash