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Politics : Politics for Pros- moderated
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To: Glenn Petersen who wrote (257551)7/12/2008 4:34:18 AM
From: LindyBill   of 794001
 
`If OTS had done its job as regulator and not let IndyMac's poor and loose lending practices continue, we wouldn't be where we are today,''

Schumer was one of the lead Dems who brought this mess on by insisting that the banks stop so-called "red-lining" and made loans to poorly qualified minorities in the 90's. Once this started, it spread.

Now, they don't know anything about it. And the MSM has not pressed it.
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