Chuck Schumer Owes the Public an Apology

By: Erick Erickson (Diary)  |  July 14th at 06:08 AM  | 

Federal regulators seized and shut down IndyMac on Friday evening. The bank will reopen today under federal control. For the first time in recent history, a United States Senator is being blamed for the crisis. In a written statement, the Office of Thrift Supervision, which regulated IndyMac, said “the immediate cause” of the failure was statements made by Sen. Charles Schumer, a New York Democrat. | Read More »