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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: saveslivesbyday who wrote (133521)	7/13/2008 3:21:30 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 306849

What about these Rumors or nearly before the facts, like this (Jun 26th). Anyone can say that in public? The rules apply to everyone, right? Is the SEC already investigating Schumer? "I am writing to you out of concern for the safety-and-soundness risks posed by IndyMac," Schumer told FDIC Chairman Sheila Bair; John Reich, director of the thrift agency; Richard Rosenfeld, chairman of the Federal Housing Finance Board; and Dean Schultz, president of the San Francisco FHLB. "The regulatory community may not be prepared to take measures that would help prevent the collapse of IndyMac or minimize the damage should such a failure occur." He asked what steps the agencies are taking. ..... AP Schumer: concerned over IndyMac stability Thursday June 26, 7:48 pm ET By Marcy Gordon, AP Business Writer Schumer presses regulators for action to avoid disaster from IndyMac; stock plunges WASHINGTON (AP) -- The possible collapse of big mortgage lender IndyMac Bancorp Inc. poses significant financial risks to its borrowers and depositors, and regulators may not be ready to intervene to protect them, Sen. Charles Schumer, D-N.Y., said Thursday. (OTS spokesman William Ruberry declined to comment, other than to say that the agency is reviewing Schumer's concerns. FDIC spokesman Andrew Gray said the agency "does not comment on open and operating institutions.")