People blaming Chuck Schumer for the collapse of Indymac is getting ridiculous. Now we have one of Kudlow's butt buddies taking the bait.
It's funny how most haven't heard of Schumer's criticism of Indymac until after the collapse. Now that it's over, they have found their scapegoat, who happens to be a Democrat. Here's a question that needs to be asked - If Schumer's criticism of the bank was enough to bring it down, then how sound was the bank? Seriously. Chuck Schumer, or any Senator for that matter, could hold the entire nation hostage by threatening a letter saying all our banks are going to collapse. Is our nation in that delicate of a balance? If so then Chuck Schumer should be applauded for telling the truth.
(H/T/ Chris in Paris who has much more)
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