| Author |
Previous Topic | Next Topic |
|
privatecash
1760 Posts |
 Posted - 08/15/2008 : 7:51:21 PM
|
"Former IndyMac Bank workers who blame Sen. Charles E. Schumer for the collapse of the large Pasadena thrift have found an ally in their quest to hold the New York Democrat to account: a public relations firm with a Republican-heavy client list.
Schumer, chairman of Congress' Joint Economic Committee and a strident critic of the Bush administration, on June 26 released letters he had sent to federal bank regulators, saying IndyMac's shaky state "poses significant risks to both taxpayers and borrowers." He questioned whether the regulators were "prepared to take measures that would help prevent the collapse of IndyMac or minimize the damage should such a failure occur."
The letter to California Attorney General Jerry Brown, signed mostly by former staffers at IndyMac's now-shuttered mortgage operation, asks Brown to investigate Schumer and to prosecute him under a state law making it a misdemeanor to spread false and damaging statements or rumors about a bank.
http://www.latimes.com/business/la-fi-schumer16-2008aug16,0,5472765.story |
|
alanadanielle
107 Posts |
Posted - 08/15/2008 : 7:57:23 PM
|
Indymac's Wholesale side has been collapsing far before Schumer's comments. My former account executive, who was my friend, disclosed negative rumblings as far back as late 2007. Regional management sales staff were asked to leave with severances because of some fishy stuff. Thank god she got out in February and found a wonderful job.
|
|
|
ML
3019 Posts |
Posted - 08/15/2008 : 8:12:12 PM
|
That's hilarious, the regulators should have shut that disaster down much sooner, they were already on the public watch list. If you're interested in how it all goes down:
F.D.I.C. Retirees Ride to Rescue in New Era of Bank Failures
By GERALDINE FABRIKANT
Published: August 15, 2008
http://www.nytimes.com/2008/08/16/business/16fdic.html?pagewanted=all |
|
|
canoe
78 Posts |
Posted - 08/15/2008 : 9:55:04 PM
|
| What a joke, shoot the messenger, Indymac was on life support, the old folks that were able to get there money out of indymac prior to the fdic taking over are are plenty happy that the senator gave a heads up, the rest of the depositors lost 50% over the limit, how about the real problem, bad loans, many who believed the Indymac cheerleader Mr Perry have lost 50% of there life savings, what a shame in America 80 year old widows losing 1/2 of their life savings and we have some cry babys thinking a rumor caused the bank to fail, must have been some poor Indymac employee who really believed Mr Perry cheerleading right up to the day the bank failed, feel for the depostors, lay blame were it is deserved and that is our Govt, Mr Perry and the purps who covered up the truth from the public and especially those old folks... |
|
|
propertylender.c
1294 Posts |
Posted - 08/15/2008 : 11:52:29 PM
|
Lord Mozzilo and his co-hort started Indymac.
Although on paper, they no longer had interest in it, Schmer knew better.
Schmer has it in for Mozillow.
I don't like Schmers' politics, but, he was only the messenger.
A listing that just came on the market a few hours ago is an indymac foreclosure.
This house was purchased for $970,000.00.
Less than a year later, in "sold" for $1,150,000.00.(fraud sale most likely)
Now it is on the market for $870,000.
Indymac is not going to pay for their stupidity in giving out such loans, rather, it is the tax payers.
The president of Indymac and company should be in prison, not asking for an investigation. |
|
|
| |
Previous Topic | Next Topic |
|
|
|
Search for: 
