How Chuck Schumer Caused Bank Collapse, Dems Now Blame On Trump’s Treasury Nominee

by
January 16, 2017

Chuck Schumer

Senate Democrats — led by senators Elizabeth Warren of Massachusetts and Vermont Independent Bernie Sanders — hope to defeat Steven Mnuchin, President-elect Donald Trump’s nominee for Treasury Secretary, by focusing on his alleged role in the 2008 collapse of California’s IndyMac bank.

Warren has launched a web page on the official United States Senate website that calls Mnuchin, “the foreclosure king” because, as she and left-wing activists charge, he threw thousands of homeowners onto the street after he bought IndyMac. Mnuchin’s Senate confirmation hearing begins Thursday.

But The Daily Caller News Foundation’s Investigative Group (TheDCNF) has uncovered extensive evidence that the person who triggered IndyMac’s financial crisis, which led to one of the largest bank failures in American history, was Senate Minority Leader Chuck Schumer of New York.

Schumer started a $100 million-a-day run on the bank after he gave reporters a letter on June 26, 2008, addressed to federal regulators saying he was “concerned that IndyMac’s financial deterioration poses significant risks to both taxpayers and borrowers.”

17 Comments - what are your thoughts?

  • Walter Flatt says:

    PRAY THAT THIS DOES NOT HAPPEN, BUT GET READY, PRESIDENT ELECT TRUMP, BE VERY CAREFUL, WE HAVE WORKED TO HARD TO LOSE YOU NOW.

    FROM A KOREAN WAR VET 51/53, A REG. DEM. ALL MY LIFE, BUT I VOTED FOR TRUMP & WILL NEVER VOTE DEM AGAIN AS LONG AS THIS LYING CROOKED MESS IS IN D.C. SHARE, SHARE, SHARE.

    HAS OBAMA SET HIMSELF UP TO BE THE HEAD OF A MUSLIM TRY TO TAKE THIS COUNTRY? BETTER THINK!

    OBAMA HAS GIVEN BILLIONS OF OUR TAX MONEY TO RADICAL MUSLIMS TRYING TO KILL US. HE SAID THAT TRUMP WOULD NOT GET THE WHITEHOUSE.

    WHY ARE THERE 5 MUSLIM CAMPS IN NORTH VIRGINIA, JUST ACROSS THE BOARDER FROM WASHINGTON? COULD IT BE FOR A TRY TO TAKE WASHINGTON?

    DONT JUST LIKE THIS SEND IT TO ALL YOU KNOW AND TO EVERY ONE OF YOUR MEMBERS. WE MAY BE IN FOR SOME ROUGH TIMES.

    I BELIEVE WE HAVE BEEN SET UP FOR A TRY AT A MUSLIM INVASION OF THIS COUNTRY BY, HILLIARY, OBAMA, KERRY, SORROS AND THE BIASED MEDIA. READ ALL THE WHYS BELOW.

    IF YOU READ ALL OF THIS AND THINK, YOU MIGHT WAKE UP. IF YOU ARE FOR THE BELOW, THEN YOU ARE TRYING TO DESTROY AMERICA.

    WHY ISN’T A LAW BEING ENFORCED BARRING ALL MUSLIMS FROM THIS COUNTRY. THIS LAW WAS PASSED IN 1952.

    WHY DO YOU THINK ANYTHING OBAMA HAS DONE IS LEGAL, HE HAS CONFESSED TO BEING A MUSLIM ON NATION WIDE TV. EVERYTHING HE HAS SIGNED, OR ORDERED IN 8 YEARS IS ILLEGAL.

    WHY HAS HILLIARY HAD A MUSLIM FROM A RADICAL FAMILY AS HER TOP AIDE FOR 10 YEARS, HUMA COULD BE A PERFECT PIPELINE TO PASS SECRETS TO THE MUSLIM WORLD.

    WHY HAS OBAMA SURROUNDED HIMSELF WITH MUSLIMS ANOTHER PERFECT PIPELINE TO PASS SECRETS. HE HAS DECLARED HIMSELF A MUSLIM ON NATIONWIDE TV.

    WHY DOES THE BIASED NEWS MEDIA SAY HE IS NOT A MUSLIM, WHEN I HAVE A LIST OF WHERE 34 TIMES HE HAS EITHER HELPED THEM OR SAID HE WAS ONE.

    WHY GET MAD AT PUTIN, HE SAID THAT THERE WAS NO PLACE IN RUSSIA FOR ANYONE THAT WOULD NOT FOLLOW THEIR LAW AND SPEAK THEIR LANGUAGE, THEY WOULD HAVE TO GO TO A COUNTRY THAT DID.

    WHY HAS HILLIARY, OBAMA, KERRY AND THE BIASED NEWS MEDIA DONE EVERYTHING THEY CAN TO HELP THE RADICAL MUSLIMS.

    WHY DID THIS ADMINSTRATION TRY AND BUY UP ALL AMMO?

    WHY TRADE 5 TERRIOST FROM CUBA FOR ONE TRAITOR?

    WHY TRY AND TAKE OUR GUNS? HITLER DID, & HISTORY TELLS US WHAT HAPPENED THERE.

    WHY ALLOW A MINIMUM OF 36 MUSLIM CAMPS HERE IN THE STATES? MOST CLOSE TO MILITARY BASES. I PERSONALLY VERIFIED THE ONES IN SHAWNEE NATIONAL PARK, IN IL. AND THE ONE AT DOVEER, TN. AND THE FEMA CAMP IN EAST KY.

    WHY ARE THERE 5 MUSLIM CAMPS IN N. VIRGINIA, CLOSE TO DC? ARE THEY TO TAKE WASHINGTON?

    WHY BUILD A FEMA CAMP IN EVERY STATE, SOME MORE THAN ONE, AT TAX PAYERS EXPENSE, WITH ARMED GUARDS? ARE THEY TO HOLD MUSLIMS?

    WHY ARE THEY BRINGING THOUSANDS OF YOUNG MUSLIMS HERE?

    WHY IS THE TAX PAYER HAVING TO FEED, CLOTH & HOUSE THE HUNDREDS OF THOUSAND OF MUSLIMS BEING BROUGHT HERE?

    WHY GIVE THE THOUSANDS OF MUSLIMS BROUGHT IN FREE HEALTH CARE, SPENDING THOUSANDS FOR HOSPITAL CARE?

    WHY ARE THE ILLEGALS BEING TREATED BETTER THAN OUR VETERANS.

    WHY STOP THE TANK AND PLANE SHIPPMENT TO EGYPT, WHEN THEIR ARMY KICKED THE RADICALS OUT?

    WHY DID OUR GOVERNMENT SEND BILLIONS OF DOLLARS TO HELP THE RADICALS IN IRAN, A COUNTRY OUT TO DESTROY US?

    WHY ARE WE SENDING BILLIONS TO ARAB COUNTRIES, AND LETING OUR COUNTRY GO TO POT?

    WHY DONT THEY ENFORCE THE LAW BARRING ALL MUSLIMS FROM THIS COUNTRY? PRAY THAT TRUMP WILL DO THIS.

    WHY IS THE MUSLIM MAJOR IN TEXAS LIVING THAT KILLED 14 SOLDIERS AND WOUNDED A LOT MORE?

    WHY ARE THEY RELEASING ALL MUSLIMS IN CUBA TO GO BACK INTO ACTION TO KILL OUR SOLDIERS?

    WHY DONT WE HANG ALL MUSLIMS CAUGHT AND BURY THEM WITH PIG PARTS, LIKE GENERAL PERSHING DID IN THE PHILLIPENS? HE STOPPED A MUSLIM UPRISING BY DOING JUST THAT.

    WHY WAS OBAMA ALLOWED TO SWEAR IN CARLOYN WALKER AS JUDGE IN BROOKLIN USING THE QURAN?

    WHY ALLOW ILLEGALS TO FLOOD OUR COUNTRY WHEN THEY COST MORE PER YEAR THAN THE IRAQ WAR.

    WHY SEND BILLIONS TO MUSLIM COUNTRIES TRYING TO KILL US.

    YOU SAY THAT A MUSLIM TRY AT A TAKEOVER IS IMPOSSIBLE, I CAN TAKE 100 WELL ARMED PEOPLE AND TAKE ANY BASE IN 1 HOUR, OUR TROOPS ARE NOT ARMED.

    BETTER COAT ALL YOU AMMO WITH PIGS BLOOD OR GREASE, LET THE WORLD KNOW YOU ARE DOING SO.

    THE LAST WHY, WHY DONT THE BIASED NEWS MEDIA REPORT ALL THIS??? COULD THEY NOT BE FOR THE INVASION”

    TRUMP IS NOW THE PRESIDENT, SO, GET ON BOARD AND HELP HIM STRAIGHTEN THIS MESS OUT.

    SHARE. SHARE, SHARE. I HAVE A LOT MORE FACTS IF ANYONE WANTS THEM.

  • Rich says:

    Scumbag politician..lowest of the low.

  • Jim says:

    They on the the way OUT!
    The (D) after the the Democrats names means DOOMED.
    The Liberal Progressive party is taking it’s last breath! ……… FINALLY.

    The 31 dems. that will not attend Trumps swearing in, is a perfect ending to their B.S..
    GOOD BYE! 2018, is way too little time to recover from their melt down!

  • Duane L Petersen says:

    Schmucki Frank Dodd Clinton forced through the community improvement act of 1993 was the cause of the crash of 2008.
    I was a broker from 1998 until 2007 for the largest financial institution in the world and was told that unless something was done, 1929 was headed our way but these 4 morons were making a fortune and they made sure that their golden egg was not stopped until they had all they could get. There were threats that if our bank did not give loans even to under qualified even though we knew they would never be able to make the payments. The bank would not ever be able to open another branch any where in the US.

  • justinwachin says:

    The Democrat nut jobs are hard at work seeing if they can become more of a minority party after the 2018 elections. The financial collapse of 2008 was caused by policies enacted during the Clinton administration. In many ways the housing mortgage market was a classic pyramid scheme. House prices kept rising as banks assisted people in buying houses they couldn’t afford. Eventually the housing market ran out of suckers.

    Everyone made a profit except the poor suckers who got stuck with an overpriced house when the market collapsed. Part of the reason this scheme happened was because Fannie Mae and Freddie Mac were more than eager to guarantee risky mortgages.

  • Jean Langford M. says:

    HOW THE HELL DO YOU BLAME IT ON A NOMINEE APPOINTEE WHEN HE/SHE HAS NOT EVEN TAKEN UP THE RESPONSIBILITIES OF THAT AGENCIE YET? LAST TIME I LOOKED YOU COULD NOT BE HELD RESPONSIBLE UNTIL YOU TOOK OFFICE…..NOW SHITMURE ON THE OTHER HAND IS SO DEEP IN THIS CESSPOOL OF FINACIAL CORRUPTION “HE HAS TO LOOK UP TO SEE DOWN.” YOU CAN BET THAT’S WHY HE IS THROWING BLAME AROUND TO COVER HIS ASS…

  • Luke says:

    shoomer is the top demonrat clown in DC, he should be tried for treason, tarred, feathered and hung in a tree between obuma and clinton to burn..

  • Cadfael says:

    Why are people so surprised? That Chucky Schumoo had triggered the Indy Mac fiasco that led to the whole TARP debacle used to be common knowledge – now everybody acts surprised. Schumer used his “government insider” info to trigger the crisis that ultimately helped B. “Insane” Obama get elected. That nothing was going to be investigated under Obama was a foregone conclusion; that Schumoo has the brass to try to pin the donkey’s tail on someone else now, only 8 years later takes the cake though. I have always been at a loss why no one who got bankrupted by this moron’s flappin’ gums brought a law suit against him, then or now; it just goes to show that snake oil salesmen are often slipperier than their product.

  • Joann Holmes says:

    Typical lying COMMUNIST DEMOCRAT you can not believe anything that they say.

  • David Harms says:

    Schumer is another big mouthed CROOK. No other way to describe him. Do the Crime and Blame someone else. Typical of Schumer. Rotten to the core. Belongs in Jail along with Dodd, Frank and Corozine. The 3 schmucks.

    1. The Redhawk says:

      BJ SCHMUCKIE SCHUMER the SENATE CLOWN

  • David Stewart says:

    What a phoney! Schumer, as always, is part of the problem, not the solution!

    1. Joann Holmes says:

      Democrats in general are the problem

  • The Redhawk says:

    2006-7-8 Does anyone RECALL when:

    Clown Schmuckie, Barney Frank and Chris DUDD Ignored then SEC treas SNOW about the Freddie and Fannie loan policies for unqualified home buyers under the (D) Majority of Congress…yeh and Piglosi and Reid led Bunch of LYING Bastids …. all well OLIED by F&F and Wall Street with MILLIONS in their Camapaign “CHESTS” which NATURALLY also included CROOKED HILLARY the US SEN NYS???

    1. Retired says:

      They all made sure that the tax payer bails them out.

      1. The Redhawk says:

        Typical fUBAR SOCIALIST Party Mentality…..GET RICH and let the Tax payers Bail us out from our SCREW UPS….time to FLUSH these TURDS out!

        1. Retired says:

          All involved should have had a full 10 years behind bars and barred from working in that field for the rest of their lives. That is the only way things will change in the US.

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