Friday, August 22, 2008

UPDATE: Chuckie's Cool...

An update to an earlier story...

Forbes reports that Chuck Schumer will NOT be investigated for his role in IndyMac's collapse.

It includes a ridiculous comment from the CA attorney general, saying that Schumer didn't cause the bank's failure.

When was that ever the question??? IndyMac caused its own failure. The issue is whether or not Senator Schumer touched off a run on the bank, creating panic among its customers, who then put the nail in the coffin by demanding all of their deposits back.

Sort of like shouting "Fire!" in a crowded theater that may or may not be about to burn down.

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