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.
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."
Releasing confidential information can lead to jail time if the crime is serious enough. What's with New York Democrats anyway? You have Charles Rangel, who's obviously abusing his power by doing unethical things to get apartments all over the NY area dirt cheap, and leasing expensive cars at YOUR expense.
You have Chuck Schumer releasing confidential information about a bank that lead to it's demise, or at least sped it up a bit.
Then you have Hillary....I don't think I need to explain that "woman".
Travis
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