Pumps' Perplexities

Way back during the summer of 2008, Senator
Chuck Schumer wrote a letter concerning the
financial condition of Indy Mac Bancorp of
California.....Why a senator from New York
was interested in a California banking
institution is a question unto itself.......

Indy Mac failed and was taken over by the
Government in July.....Then Countrywide
Mortgage failed......Washington Mutual
(WaMu) was the next bank in trouble....
Then on to the Government's own Fanny May
and Freddie Mac, then Bear-Sterns, Lehman
Brothers, AIG, and the latest Citibank Corp.....

I am beginning to believe that Mr. Schumer's
letter was designed to result in a SMALL
banking crisis, the intent of being some help to
the the Democratic Party during the National
Presidential Election......

However, removing his finger from the small
hole in the dyke has lead to a BIG financial
problem which I believe he and others did
not anticipate......

So much for a politician's planning, research
and thought process......I bet you that HIS
letter has cost HIM to lose money along
with the rest of us......Serves him right....Pumps