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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (257799)	7/14/2008 1:57:43 PM
From: Oral Roberts	Read Replies (3) \| Respond to of 793955

Starting a run on any bank is going to make them insolvent rather quickly. Pretty irresponsible of Schumer and if he didn't realize what the result was going to be then he is even dumber then I thought he was.

To: Triffin who wrote (257799)	7/14/2008 5:41:13 PM
From: Brumar89	Respond to of 793955

Whatever the screwups of the banks management, its clear there are outside parties interested in taking down the bank: Indymac has been under attack from the hard left. The Center for Responsible Lending issued an attack on Indymac within a few days of Schumer’s letter. CRL is part of a small army of left of center ‘research’ groups, community organizers, and public interest law firms who make their living accusing home lenders of racial redlining and predatory lending. On June 20th the Center accused Indymac of unfair practices regarding minority borrowers. A suspicious person might think that a network of lefty attack groups proficient in bank bashing and frequently funded by trial lawyers and short-sellers, coordinated their activities with a law firm on the hunt and a Senator who works closely with the network.