Schumer helps cause bank failure

Discussion in 'West Mall' started by BattleshipTexas, Jul 13, 2008.

  1. BattleshipTexas

    BattleshipTexas 1,000+ Posts

  2. zzzz

    zzzz 2,500+ Posts

    there's been discussion of it here:The Link
  3. badexcuse

    badexcuse 1,000+ Posts

    Possibly one of the worst politicians ever.
  4. LCHorn

    LCHorn 100+ Posts

    Why is he one of the worst politicians ever?
  5. old65horn

    old65horn 1,000+ Posts was Schumer. Country Wide had nothing to do with it with their subprime loans and greed. Yea right, it was Schumer.

    Country Wide spun off IndyMac to hide their bad loans, yea, but it was Schumer who caused the failure.

    Worst Politician ever? Have you ever looked at the antics and politics of either of the Senators from Oklahoma, Ted Stevens from Alaska or Dole from North Carolina?

    Worst politician my ***.
  6. TaylorTRoom

    TaylorTRoom 1,000+ Posts

    Ridiculous, and I'm no fan of Schumer. The way financial information works is that if a balance sheet is crap, the people who know how to read them will figure it out very quickly. By the time somebody can speak informedly about it, the news has already been assimilated into the marketplace.

    Conversely, if a company has a strong balance sheet, nobody can talk it down, no matter how hard they try. Financial markets are very good at filtering out bias and focusing on the objective data.
  7. badexcuse

    badexcuse 1,000+ Posts

  8. Hpslugga

    Hpslugga 2,500+ Posts


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