Paul
“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.
We are about to witness the Schumer Market Crash.....Thank you Charlie baby!
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.
I think Chuckie only expedited matters?
Loosing? Is that like Hugh! and Series?
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.