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Idle speculation (VANITY!!!)
My research | 7/15/08 | Me

Posted on 07/15/2008 7:16:45 AM PDT by spacewarp

We have a crisis today....

Banking interests are collapsing. Housing markets are in the tank. Banks like IndyMac, Countrywide and others are having financial meltdowns.

Why is that?

Well, let's look at some of the factors involved.

Chuckie Schumer opened his big mouth. That lead to a panic that caused IndyMac to collapse. Now, would this have happened in a better market? Probably not. People would have laughed at BS CS.

So, how did we get to this point where a raging Senator with no sense could cause the collapse of a bank?

Let's do what is always required in these situations....

Let's follow the money.

  1. Charles Schumer has been a strong supporter of Hillary!.
  2. IndyMac is tied to Countrywide.
  3. Barak Obama is a recepient of Countrywide's largesse.
  4. Barak Obama stands to be hurt by the Countrywide connection coming to light.

On a related topic, Barak is involved in his own ring of trouble.

  1. Barak Obama recently spoke in front of La Raza. During the speech, he basically offered amnesty to all illegals and no border enforcement.
  2. La Raza gets a minor portion of it's funding from its members. The majority of it is through private grants. One of the major grant organizations is The Joyce Foundation.
  3. Barak Obama is a former board member of the Joyce Foundation.
  4. The Joyce Foundation is basically dedicated to the destruction of the American way of life.
Check them out at The Joyce Group

So, basically, we have two huge swirling messes out there. It's unknown how much impact these two connections will have on the upcoming race, but the Democratic Convention can't get here soon enough to seal the Democrats fate that Obama will be their loosing candidate.


TOPICS: Business/Economy; Politics
KEYWORDS: banking; obama; politics; schumer
My thoughts and some things I've run across.

Paul

1 posted on 07/15/2008 7:16:45 AM PDT by spacewarp
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To: spacewarp

“Banking interests are collapsing. Housing markets are in the tank. Banks like IndyMac, Countrywide and others are having financial meltdowns.”

It is my understanding that CFC countrywide no longer exists as a public company and in fact is wholly owned by BoA.


2 posted on 07/15/2008 7:18:07 AM PDT by WoofDog123
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To: spacewarp

We are about to witness the Schumer Market Crash.....Thank you Charlie baby!


3 posted on 07/15/2008 7:21:28 AM PDT by AngelesCrestHighway
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To: spacewarp

While he had to support Hillary because she represents NY, it is well known that Schumer hates Hillary because he loves attention and knows that her level of fame is well beyond his reach. Even if he wasn’t probably closet Obama from the beginning of the contest, it is ridiculous conspiracy theory talk that he would purposefully mess up a bank to undermine Obama. Schumer is powerful but not magical; he could not single-handedly take down a large financial institution.


4 posted on 07/15/2008 7:26:16 AM PDT by buck jarret
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To: AngelesCrestHighway

Question about Chuckie: Is he doing this to help his friends and supporters take over banks by having the government take them over instead of these people putting enough capital together to buy them? Correct me if I’m wrong but aren’t some of Chuckie’s friends now running the banks that are being taken over by the gov? Namely IndyMac?


5 posted on 07/15/2008 7:32:25 AM PDT by MissEdie (On the Sixth Day God created Spurrier)
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To: AngelesCrestHighway

I know it’s a fantasy, but it would be so great if the stockholders sued him in Civil Court. Even if they didn’t win the discovery process would be fun.
susie


6 posted on 07/15/2008 7:37:27 AM PDT by brytlea (amnesty--an act of clemency by an authority by which pardon is granted esp. to a group of individual)
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To: spacewarp
That lead to a panic that caused IndyMac to collapse

I think Chuckie only expedited matters?

7 posted on 07/15/2008 7:42:58 AM PDT by TexasCajun
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To: AngelesCrestHighway

I was on vacation for a week- what did Chuckie Schumer do this time?


8 posted on 07/15/2008 7:43:12 AM PDT by Mr. K (Some days even my lucky rocketship underpants don't help)
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To: Mr. K

Openly questioned the solvency of IndyMac bank and caused 1.3 billion of liquidity to storm out the door in a few days, causing the bank to collaps because of.....solvency issues.

How much stock did he sell short on that deal?

Paul


9 posted on 07/15/2008 7:45:22 AM PDT by spacewarp (Gun control is a tight cluster grouping in the chest and one in the forehead.)
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To: spacewarp
Obama will be their loosing candidate.

Loosing? Is that like Hugh! and Series?

10 posted on 07/15/2008 7:55:49 AM PDT by arthurus
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To: Mr. K

I was on vacation for a week- what did Chuckie Schumer do this time?

The asshat started the run on IndyMac bank by saying it was in trouble. If the market crashes, I hope his name is tied to it forever....


11 posted on 07/15/2008 7:59:41 AM PDT by AngelesCrestHighway
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To: arthurus

Ooops. Losing candidate. Though, loosing as in, loosing their death grip on the American Landscape?

Paul


12 posted on 07/15/2008 8:06:26 AM PDT by spacewarp (Gun control is a tight cluster grouping in the chest and one in the forehead.)
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To: brytlea
I know it’s a fantasy, but it would be so great if....

Lamp posts.

13 posted on 07/15/2008 8:11:00 AM PDT by TexasRepublic (When hopelessness replaces hope, it opens the door to evil.)
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To: TexasRepublic

Lamp posts?


14 posted on 07/15/2008 8:17:12 AM PDT by brytlea (amnesty--an act of clemency by an authority by which pardon is granted esp. to a group of individual)
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To: brytlea

Yeah, lamp posts. My fantasy is commies dangling from lamp posts. The Mussolini treatment.


15 posted on 07/15/2008 8:21:27 AM PDT by TexasRepublic (When hopelessness replaces hope, it opens the door to evil.)
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To: TexasRepublic

Ah!


16 posted on 07/15/2008 8:58:37 AM PDT by brytlea (amnesty--an act of clemency by an authority by which pardon is granted esp. to a group of individual)
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To: spacewarp
Hardly anybody seems to have noticed that banks and thrifts failing is not the worst problem.

See this story

The critical part is this: "Worried depositors in California lined up to withdraw their money, despite repeated assurances from federal regulators that all deposits up to $100,000 are safe." It's no longer a run on IndyMac; it's a run on the federal insurance fund itself. Evidently, many depositors don't believe their deposits are safe, and I don't believe it either.

17 posted on 07/15/2008 6:38:06 PM PDT by Christopher Lincoln
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