Comments on: How A Politician Can Help Bring Down A Bank

By: Robin, Florida

Robin, Florida — Mon, 14 Jul 2008 17:45:38 +0000

I disagree that Shumer’s comments were the cause of the run on the bank. The job of Congress is to provide oversight and to make sure federally-regulated institutions operate within standards. IndyMac specialized in high-risk, sub-prime mortgages and “lyar loans,” and that is why they went under. There will be more bank failures in the coming months, and they will be the result of a complete and utter lack of government oversight over the past six years, as well as greed on the part of the housing industry.

It is the media’s job to report the truth, not corporate spin designed to make a few at the top rich, and the rest of us “sitting ducks.”

By: indymac bank failure

indymac bank failure — Mon, 14 Jul 2008 15:29:40 +0000

[...] [...]

By: schumer indymac

schumer indymac — Mon, 14 Jul 2008 14:11:58 +0000

[...] the bank??s solvency. In the following 11 days, spooked depositors withdrew a total of 1.3 billion.http://thesecretsofvancouver.com/wordpress/how-a-politician-can-help-bring-down-a-bank/real-estateSchumer: Don&39t blame me for IndyMac failure – CNN.comSen. Charles schumer said Sunday the Bush [...]

By: How A Politician Can Help Bring Down A Bank · Invest-In-Real-Estate.ExplainedOnline.Net

Sun, 13 Jul 2008 15:23:51 +0000

[...] Original post by Everything you need to know before you buy a foreclosure program Â» Home [...]

By: How A Politician Can Help Bring Down A Bank · Real-Estate-Investing.ExplainedOnline.Net

Sun, 13 Jul 2008 15:02:10 +0000

[...] Original post by [Technorati] Tag results for real estate [...]