Comments on: Things I’d Like to Post About Today ….. (100208, Noontime) http://www.bizzyblog.com/2008/10/02/things-id-like-to-post-about-today-100208-noontime/ The Business End of the Blogosphere Thu, 18 Mar 2010 03:30:39 -0700 http://wordpress.org/?v=2.8 hourly 1 By: dscott http://www.bizzyblog.com/2008/10/02/things-id-like-to-post-about-today-100208-noontime/comment-page-1/#comment-124858 dscott Fri, 03 Oct 2008 14:28:46 +0000 http://www.bizzyblog.com/?p=7545#comment-124858 Connecting the dots: http://www.reuters.com/article/politicsNews/idUSN2045763020080820?feedType=RSS&feedName=politicsNews&rpc=22&sp=true <i>California's attorney general is reviewing a request by former employees of IndyMac Bancorp Inc to investigate whether a New York senator triggered the bank's collapse by releasing confidential information. At issue is a much-publicized letter that Chuck Schumer, a Democrat, sent in June to the Federal Deposit Insurance Corp (FDIC) and Office of Thrift Supervision (OTS) questioning the company's ability to survive. The FDIC took control of IndyMac on July 11 after depositors withdrew more than $1.3 billion over 11 days. It was the third-largest bank failure in U.S. history. At the time, OTS Director John Reich blamed Schumer's letter for causing the run on the bank. In a letter to Attorney General Jerry Brown last week, 51 former IndyMac workers wrote: "From the day (Schumer's) letter was made public on June 26 until the closure of the bank, a run on the bank took place and the failure became inevitable."</i> Tom, here is the question, before the IndyMac bank run how much noise was there in the MSM about the mortgage problem other than our discussion with Tracy over the CDO issue? BTW- in my discussions with Tracy, this bail out doesn't even address the CDO issue which is 10 x worse than the mortgage issue by itself. Connecting the dots: http://www.reuters.com/article/politicsNews/idUSN2045763020080820?feedType=RSS&feedName=politicsNews&rpc=22&sp=true

California’s attorney general is reviewing a request by former employees of IndyMac Bancorp Inc to investigate whether a New York senator triggered the bank’s collapse by releasing confidential information.

At issue is a much-publicized letter that Chuck Schumer, a Democrat, sent in June to the Federal Deposit Insurance Corp (FDIC) and Office of Thrift Supervision (OTS) questioning the company’s ability to survive.

The FDIC took control of IndyMac on July 11 after depositors withdrew more than $1.3 billion over 11 days. It was the third-largest bank failure in U.S. history. At the time, OTS Director John Reich blamed Schumer’s letter for causing the run on the bank.

In a letter to Attorney General Jerry Brown last week, 51 former IndyMac workers wrote: “From the day (Schumer’s) letter was made public on June 26 until the closure of the bank, a run on the bank took place and the failure became inevitable.”

Tom, here is the question, before the IndyMac bank run how much noise was there in the MSM about the mortgage problem other than our discussion with Tracy over the CDO issue? BTW- in my discussions with Tracy, this bail out doesn’t even address the CDO issue which is 10 x worse than the mortgage issue by itself.

]]> By: TBlumer http://www.bizzyblog.com/2008/10/02/things-id-like-to-post-about-today-100208-noontime/comment-page-1/#comment-124853 TBlumer Fri, 03 Oct 2008 11:25:26 +0000 http://www.bizzyblog.com/?p=7545#comment-124853 I believe much of this is contrived. The self-admitted made-up number, the pass-this-now mentality, the Xmas ornaments in the bill, and now the carbon crap, which I do believe is Paulson-inspired. I believe much of this is contrived. The self-admitted made-up number, the pass-this-now mentality, the Xmas ornaments in the bill, and now the carbon crap, which I do believe is Paulson-inspired.

]]> By: dscott http://www.bizzyblog.com/2008/10/02/things-id-like-to-post-about-today-100208-noontime/comment-page-1/#comment-124843 dscott Thu, 02 Oct 2008 21:07:01 +0000 http://www.bizzyblog.com/?p=7545#comment-124843 Tom, Here's my conspiracy theory, tell me, how far off the mark am I? http://newsbusters.org/blogs/matthew-vadum/2008/10/02/green-alert-hidden-carbon-tax-provision-paulson-s-bailout-2-0#comment-734446 Read the article then my comment. Tom, Here’s my conspiracy theory, tell me, how far off the mark am I? http://newsbusters.org/blogs/matthew-vadum/2008/10/02/green-alert-hidden-carbon-tax-provision-paulson-s-bailout-2-0#comment-734446 Read the article then my comment.

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