American Elephants


Feds Blame Schumer for Indymac Failure by American Elephant

Rick Moran at American Thinker has the story:

This may be a first in the history of the United States Senate. Federal regulators have cited New York Senator Charles Schumer as the proximate cause for the run on mortgage giant Indymac’s deposits. That run caused the feds to take over the ailing institution to guarantee its remaining deposits. [read more]

Will there be any accountability?

The Wall Street Journal has more on Schumer’s connection to the bank’s failure.




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