1995 - FEBRUARY 2002 : (CHUCK SCHUMER ACCEPTS $386,000 FROM THE “ACCOUNTING INDUSTRY” IN THIS PERIOD-—— See ACCOUNTING FIRM ARTHUR ANDERSEN) Schumer has taken $386,000 from the accounting industry since 1995, according to the Center for Responsive Politics.
—————”Chuck Had Gone To Bat for Backer (ENRON),” New York Daily News ^ | 2/04/02 | KENNETH R. BAZINET
MAY 2008 : (NY DEMOCRAT CHUCK SCHUMER LEAKS SUPPOSED “INSIDER INFO” THAT THE MORTGAGE COMPANY INDYMAC WAS IN DIRE STRAIGHTS; THIS GETS THE BALL ROLLING FOR A “BANK RUN” THAT PRECIPITATES THE FALL OF INDYMAC AND IS LATER CREDITED AS BEING THE INITIAL TRIGGER THAT PROMPTS THE DEC 08/JAN09 MORTGAGE CRISIS—See COUNTRYWIDE MORTGAGE CO, FANNIE MAE, FREDDIE MAC , CHUCK SCHUMER, SOROS) The FDIC has just [in JAN 2009] announced that a consortium of private equity and hedge fund firms would be buying IndyMac. IndyMac was an independent “bridge bank” spun off of Countrywide Mortgage in the late 90s. IndyMac acted as a “bridge bank” to Fannie Mae and Freddie Mac.
New York Democrat Charles Shumer precipitated the fall of IndyMac in May of 2008 by releasing “inside” information that the mortgage company was in dire financial straits. This disclosure created the initial “bank run” that is credited by many economists as the initial trigger that prompted the current mortgage crisis.
The FDIC took over the operations of IndyMac in late summer of 2008.
.-—————Look Who’s Buying IndyMac BY Larry Johnson, American Thinker JAN 2009
With Nemazee as the national finance chair, Chuck Schumer’s DSCC in 2006 raised $115 million, outpacing the NRSC by substantial sums, and helping the Democratic Party take control of the Senate -———http://en.wikipedia.org/wiki/Hassan_Nemazee