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Source: www.cnn.com --- 10 days ago
Sen. Charles Schumer said Sunday the Bush administration is trying to "blame the fire on the person who calls 911" by suggesting he had a role in one of the costliest U.S. bank failures. ... Source: www.cnn.com --- 10 days ago
Sen. Charles Schumer said Sunday the Bush administration is trying to "blame the fire on the person who calls 911" by suggesting he had a role in one of the costliest U.S. bank failures. ... Source: www.cnn.com --- 10 days ago
Sen. Charles Schumer said Sunday the Bush administration is trying to "blame the fire on the person who calls 911" by suggesting he had a role in one of the costliest U.S. bank failures. The New York Democrat also said federal banking regulators missed IndyMac's "reckless" behavior. ... Source: money.cnn.com --- 10 days ago
Sen. Charles Schumer said Sunday the Bush administration is trying to "blame the fire on the person who calls 9-1-1" by suggesting he had a role in one of the costliest U.S. bank failures. ... Source: www.moreover.com --- 10 days ago
Extract not available. ... Source: www.latimes.com --- 10 days ago
... Source: latimesblogs.latimes.com --- 12 days ago
An important angle in the IndyMac failure that may get lost in ominous headlines tonight and tomorrow: federal regulators pointedly cited U.S. Sen. Charles Schumer, D-N.Y., in explaining the bank's failure. In simple language, federal regulators blamed Schumer for a... ... Source: www.miamiherald.com --- 3 days ago
Years ago, before even I can remember, there was a TV host named Art Linkletter who coined the saying, ``Kids say the darndest things.'' ... Source: hotair.com --- 12 days ago
Smooth move. ... Source: buzz.originalsignal.com --- 9 days ago
... Source: blogs.timesunion.com --- 9 days ago
U.S. Sen. Charles Schumer, D-N.Y., held a conference call with reporters this morning to urge Iberdrola SA and staff at the Department of Public Service to come to a compromise on the Spanish utility’s $4.5 billion merger proposal with Energy East Corp. Staff at the DPS are one of the parties involved in the case, which [...] ...
Source: www.ruv.is --- 10 days ago
Charles Schumer, öldungadeildarþingmaður demókrata í New York, gagnrýndi Bush Bandaríkjaforseta fyrir að reyna að kenna sér um gjaldþrot Indymac íbúðalánabankans. Schumer sagði að yfirvöld hefðu verið sofandi við stýrið þegar kom að málefnum bankans og það að reyna að kenna sér um gjaldþrot hans væri líkt og að skjóta sendiboðann. ... Source: wstm.com --- 10 days ago
... Source: www.laobserved.com --- 10 days ago
The NY senator has been blamed to stoking panic among IndyMac depositors - and leading, at least in part, to the withdrawal of more than $1.3 billion that led to Friday's takeover by federal regulators. But Schumer defended himself during a Sunday news conference, saying that it's regulators who were not doing their job. "The regulator here was asleep at the switch," Schumer said. "The administration is doing what they always do, blaming the fire on the person who called 911." Meanwhile, FDIC offical John Bovenzi is holding a news conference at this hour in Pasadena, where he's saying that IndyMac will resume normal operations tomorrow and that business will be back to normal. "It is a strong and a safe institution," he said. Customers should view this as just a change in ownership. Of course the feds will be anxious to find a buyer for the company ASAP. Also today, FDIC Chairman Sheila C. Bair, issued a statement that addresses the "inaccurate and inflammatory reporting which could well cause needless, unnecessary worry and angst among bank depositors throughout the country." Blair and Bovenzi are stressing that accounts up to $100,000 are federally insured, no matter what (IRAs are covered up to $250,000). "If you find that you are not fully insured, it may be possible to restructure your accounts to bring your deposits below the insured limits," she said. "But first get the facts before making any changes in your accounts or ... Source: news10now.com --- 11 days ago
JFK airport is changing its take-off procedures, after another close call. For the second time in a week, two planes came 600-feet away from a mid-air collision. ... Source: capitalnews9.com --- 11 days ago
JFK airport is changing its take-off procedures, after another close call. For the second time in a week, two planes came 600-feet away from a mid-air collision. ... Source: www.rightpundits.com --- 9 days ago
Did Senator Schumer Cause the IndyMac Bank Collapse? The financial markets have been rocked over the past week by the failure of IndyMac and resulting fallout. Depositors at several institutions are panicky about their own banks, while the government is struggling with solvency issues at Freddie Mac and Fannie Mae. Senator Schumer’s Recession: The IndyMac [...] ... Source: www.13wham.com --- 10 days ago
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Senator Charles Schumer believes that the oil bills for winter home heating will come as a shock to homeowners. Newsday reports that, based on his office's estimates, Long Island homeowners will have to bear a $966 increase while NYC residents will see a $720 jump. Schumer is working on a bill to help out low income families help cover the bills. The senior Senator from NY also defended his comments on IndyMac , disagreeing with regulators who think his discouraging remarks caused a run on the bank. ...
Why did mortgage-lender IndyMac just become the country's largest bank failure in 15 years? Because New York senator Chuck Schumer scared the bejesus out of depositors and started a run on the bank. The NYT: IndyMac's customers, afraid their savings might disappear, stampeded tellers and demanded their money... The run on the bank came after a critical letter about the bank from Senator Charles E. Schumer , Democrat of New York. Federal regulators said on Friday that Mr. Schumer's letter had prompted the collapse by causing the run and scaring away potential acquirers. 'The senator made comments in his letter questioning the viability of the institution,' John M. Reich, director of the Office of Thrift Supervision, said in a phone call with reporters. 'When a member of the United States Senate makes such a statement, it frightens depositors.' In the days after Mr. Schumer's letter was released on June 26, IndyMac customers withdrew an average of $100 million a day from the bank, or a total of $1.3 billion, the government said. Before Mr. Schumer's letter, the bank had been receiving net inflows of money from depositors, Mr. Reich said. Mr. Schumer, who has been critical of bank regulators for months, released a statement criticizing Mr. Reich's agency. 'IndyMac's troubles, like Countrywide's were caused by practices that began and persisted over the last several years,' he said. 'If O.T.S. had done its job as regulator and not le ...