IndyMac: Mini Bank Run, Thanks to Schumer

 · Chuck Schumer: People like to make fun of Schumer for his love of the microphone stand, but watch out. Schumer is easily the smartest guy in his caucus, if not the entire Senate. Knows how to deploy the powers of the Senate’s rules and traditions like a 21 st century LBJ. Used a handful of “fired” US attorneys to humiliate Alberto.

Fed’s Dudley: Raising interest rates not likely very soon LPS: December home prices rose 5.8% annually 2017 was the best year for existing home sales since 2006. the median existing-home price for all housing types in December was $246,800, up 5.8% from December 2016’s total of $233,300.Note: But, before we begin looking at it, first of all, we repeat again and again: do not blindly believe anything or merely take in on faith. What is said here is just a particular way to look at things, but it does not imply that you are forced to agree with anything said here, or anywhere for that matter.

 · CNN: "Schumer: Don’t blame me for IndyMac failure" New York Times reported that hedge fund managers have a new champion in their effort to keep legally dodging the taxes the rest of us pay: none other than New York Senator Charles Schumer. Now you know who is Schumer’s friend and why he caused the bank run on Indymac.

House extends national flood insurance program Congress has once again temporarily extended the National Flood Insurance Program. As previously reported, at the end of 2018 Congress temporarily extended the Program until May 31, 2019.The recent legislation extends the Program to June 14, 2019.The temporary extension provides time for the House of Representatives to vote on H.R. 2157, which was passed by the Senate with an amendment.

Deutsche Bank has started laying off staff in New York after the German investment bank began implementing 18,000 job cuts across the globe, prompting shares to plunge more than five percent. The bank.

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Thanks to a correspondent for sending this piece. (D – Illinois) is still walking around with the rest of us. Given his language inciting a bank run a couple of weeks ago you’d think the Feds would have picked him up by now.. we have the Schumer/IndyMac incident from 2008, documented ex post here. Even MORE interesting is that George.

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Charles Schumer (D-N.Y.) that expressed. services in the communities formerly served by IndyMac bank. IndyMac’s bankruptcy filing last week does not include the portion of the lender now being run.

JPMorgan barely phased by TRID, financially JP Morgan-Chase paid its billions in fines for mortgage fraud by committing billions in mortgage fraud. A lawsuit against JP Morgan-Chase — the nation’s largest bank — asserts that the.

Word got out about Schumer’s concerns and we saw an old fashioned bank run. Per the report in the Wall Street Journal: The director of the Office of Thrift Supervision, John Reich, blamed IndyMac’s failure on comments made in late June by Sen. Charles Schumer (D., N.Y.), who sent a letter to the regulator raising concerns about the bank’s solvency.

Meet The Press Charles "Indymac" Schumer Talks About Banks The collapse of Indymac bank, the second largest bank failure in American history, began with a letter from the office of Senator Charles Schumer on June 27. He questioned the viability of the bank.

Schumer went gunning for IndyMac late last month, sending a letter to federal regulators that questioned the bank’s solvency. Word got out about Schumer’s concerns and we saw an old fashioned bank run. Per the report in the Wall Street Journal: The director of the Office of Thrift Supervision, John Reich, blamed IndyMac’s failure on comments.

Sold! Home offered for an iPhone 6 sees quick sale A give-away is not a sale. short sell off today on Wall Street was a knee jerk reaction to old news on a slow Friday – nothing more. There wasn’t a single new revelation from the Nikkei report that.