Thread: S__ head shumer
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Old 07-14-2008, 05:28 PM
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There is a difference between a 'good lynching' and a well deserved public hanging. The bipartisan OTS (Office of Thrift Supervision) named Schumer DIRECTLY responsible for the failure, and rightfully so, because after he went public unnecessarily BILLIONS of dollars were drained out of the bank by panicked depositors which led the FDIC to 'call' the bank on deposits. You might not be so glib for old Schu if YOUR retirement savings had just taken a good hard hit. Luckily, the FDIC says they will try to cover 50% of the amounts over the $100,000 dollar limit. Time will tell. What does not need interpretation is the fact that Schumer should have had enough sense to keep his trap shut as far as public calls like this one.
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