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Chuck Schumer's Cronies Paid Him to Cause Bank Run on IndyMac

You know how Senator Charles Schumer is one of the guys who are going to bail us out of this economic crisis?  Well, maybe you should read this before voting for Barack Obama. So Obama was paid off by Fannie and Freddie.  Barney Frank was sleeping with a high-level executive at Fannie Mae; he also fought John McCain's efforts to reform Fannie and Freddie.  And now we learn that Schumer was paid to cause a run on IndyMac. Yeah, I really think that giving Democrats control the White House, House of Representatives, and Senate is a genius idea.  There is nothing so ingenious as allowing the people who mugged you to loan your money back to you - with interest.  Absent some black swan, the lack of gridlock in the federal government will lead to Great Depression II...continue to full post

Full post as published by Crime & Federalism on October 19, 2008 (boomark / email).