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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (398151)	7/12/2008 7:53:30 AM
From: steve harris	Read Replies (1) of 1576641

Schumer caused the panic. Predictable antiAmerican democrat "invested in defeat". Message 24750612 IndyMac Seized by U.S. Regulators; Schumer Blamed for Failure By Ari Levy and David Mildenberg July 12 (Bloomberg) -- IndyMac Bancorp Inc. became the second- biggest federally insured financial company to be seized by U.S. regulators after a run by depositors left the California mortgage lender short on cash. The Federal Deposit Insurance Corp. will run a successor institution, IndyMac Federal Bank FSB, starting next week, the Office of Thrift Supervision said in an e-mail yesterday. The regulator blamed U.S. Senator Charles Schumer for creating a ``liquidity crisis'' after a letter on June 26, in which he expressed concern that the bank may fail.

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