Wednesday, July 16, 2008
Schumer In Hiding Over IndyMac
U.S. Democrat Senator from New York, Cluck Schumer is the person who lit the match that started the equivalent of Chicago Fire that is IndyMac.
What price is being paid by Cluck? What censure or criticism are his colleagues and supporters applying toward him? Would Democrat politicians be as silent if Schumer's letter that resulted in IndyMac's collapse had been written by a Republican Senator, say Minnesota's U.S. Senator Norm Coleman or Maine's Sue Collins, both up for re-election this year and in the crosshairs of the Democrats?
Are those of you who read my blog, who are Independent and who sometimes lean Left when it's time to vote, beginning to see how Democrats - just like Schumer - create a mess, walk away from it, are not held accountable and leave the clean-up for others to deal with?
It would be hyperbolic of me to say that "Democrats always do this", but damn it, they do. They make a mess of almost everything they touch, whatever it is they touch crumbles, they walk away from it and others have to clean up the mess.
Jeepers, even someone writing at the Liberal Young Turks' site recognizes that Schumer exacerbated the run on IndyMac.
I'm having an incredibly difficult time expressing and articulating to everyone just how serious it is what Schumer did. With one letter he created a run on a bank.
IndyMac is a mortgage lender. Part of it's portfolio was in subprime lending. Even though the subprime "crisis" has affected less than 10% of the entire home mortgage industry, the Democrats have pimped this issue as if it is affecting 99% of the lending industry. It is not, but it's certainly fair to say it is a delicate area of the financial market.
So along comes Cluck Schumer armed with his letter - let's call it a "weapon" - and writes that he questions and voices concern about the bank's "liquidity crisis." A "liquidity crisis"! What did he expect would happen? He causes a run on the bank. Schumer...a expletive deleted-ing genius he is.
From MSN Money, March 3, 2008:
The Brooklyn Paper reports he's out stumping for some other Marxist running for office, but apparently Cluck doesn't have the time or nerve to find those cameras and microphones and answer questions and explain his actions for his - and his alone - IndyMac fiasco.
Another mess, of many, created by a Democrat and left to others to clean up. It always happens this way, always.
Come out, come out wherever you are, Cluck. Face what you caused like a man. Oh, what am I sayin'. Look who I'm talking about here.
©2008
What price is being paid by Cluck? What censure or criticism are his colleagues and supporters applying toward him? Would Democrat politicians be as silent if Schumer's letter that resulted in IndyMac's collapse had been written by a Republican Senator, say Minnesota's U.S. Senator Norm Coleman or Maine's Sue Collins, both up for re-election this year and in the crosshairs of the Democrats?
Are those of you who read my blog, who are Independent and who sometimes lean Left when it's time to vote, beginning to see how Democrats - just like Schumer - create a mess, walk away from it, are not held accountable and leave the clean-up for others to deal with?
It would be hyperbolic of me to say that "Democrats always do this", but damn it, they do. They make a mess of almost everything they touch, whatever it is they touch crumbles, they walk away from it and others have to clean up the mess.
Jeepers, even someone writing at the Liberal Young Turks' site recognizes that Schumer exacerbated the run on IndyMac.
I'm having an incredibly difficult time expressing and articulating to everyone just how serious it is what Schumer did. With one letter he created a run on a bank.
Cluck Schumer. Contact him here, 24/7.
There's nothing like lighting a match inside a tinder factory, is there Cluck?
IndyMac is a mortgage lender. Part of it's portfolio was in subprime lending. Even though the subprime "crisis" has affected less than 10% of the entire home mortgage industry, the Democrats have pimped this issue as if it is affecting 99% of the lending industry. It is not, but it's certainly fair to say it is a delicate area of the financial market.
So along comes Cluck Schumer armed with his letter - let's call it a "weapon" - and writes that he questions and voices concern about the bank's "liquidity crisis." A "liquidity crisis"! What did he expect would happen? He causes a run on the bank. Schumer...a expletive deleted-ing genius he is.
From MSN Money, March 3, 2008:
IndyMac, the nation's ninth-largest mortgage lender, generated $2.9 billion in loans in January, a 66 percent decline from the year-ago month and down 33 percent from December's total, the company said Sunday.
[...]
Some 28.2 percent of the company's slate of subprime first lien loans were at least 30 days behind in payments in January, up slightly from the previous month.
Subprime loans, typically made out to borrowers with past credit problems, represented 2.6 percent of IndyMac's servicing portfolio.
The Brooklyn Paper reports he's out stumping for some other Marxist running for office, but apparently Cluck doesn't have the time or nerve to find those cameras and microphones and answer questions and explain his actions for his - and his alone - IndyMac fiasco.
Another mess, of many, created by a Democrat and left to others to clean up. It always happens this way, always.
Come out, come out wherever you are, Cluck. Face what you caused like a man. Oh, what am I sayin'. Look who I'm talking about here.
©2008
Labels: Cluck
Alabama Internet
accordance and compliance with Fair Use Section 107 U.S. Copyright Code.
All other images and content © 2005-2009 David Drake.
Not responsible for content contained at linked sites.
Policy on commenting:
- Anonymous comments have little chance of being published.
- Comments made on posts 60 days old or older have little chance of being published.
- Published comments do not necessarily reflect the views of this blog author.
- Discretion of publishing or rejecting submitted comments rests solely with the owner and creator of this blog.
- Comments that egregiously "plug" (i.e. advertise or promote) another site or blog will be rejected. This doesn't mean you cannot include a link to your story, blog or to another site, but don't go overboard.
- Profanity is not a disqualifying factor, but profane rants solely for purposes of profanity are unlikely to be published.
- The owner and creator of this blog is not liable or responsible for the opinions of those who comment.
