Schumer Partly Responsible for $1.3 Billion Run on Bank, Experts Say
IndyMac Bancorp Inc. and the federal government’s Office of Thrift Supervision have accused Sen. Charles Schumer (D-N.Y of sparking a $1.3 billion run on IndyMac by releasing a letter predicting its failure. Experts disagree on whether Schumer acted appropriately.
IndyMac Bancorp Inc. and the federal government’s Office of Thrift Supervision have accused Sen. Charles Schumer (D-N.Y of sparking a $1.3 billion run on IndyMac by releasing a letter predicting its failure. Experts disagree on whether Schumer acted appropriately.
posted by HeavyHanded at
12:26 PM
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