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Thursday, August 21, 2008

Senator Schumer: The Mouth That Roared

According to Reuters, California is mulling whether to investigate Senator Charles Schumer's role in the IndyMac Bank Failure.

The megaphone mouth senator, who's been known to knock down grannies and trample small children who have the misfortune of being between him and the press, can often be found lecturing us, finger in air and reading glasses perched professorially upon his noble proboscis. Even by grandiose senatorial standards, this guy is full of himself (and other substances).

Schumer sent a letter to the FDIC expressing concerns abut IndyMac's solvency. Problem is, his letter contained confidential inside information, and he publicized the letter (What good is it to do something if you can't grandstand?). This caused a good old fashioned bank run, only Jimmy Stewart wasn't around to save the day like in the holiday classic "It's a Wonderful Life."

Now IndyMac employees have filed a complaint with the California Attorney General's office. Schumer's defenders claim this is merely Republican "swift boating." Pointing out that the aggrieved party's PR firm has conservative clients, including those who "swift boated" that great Naval hero, John Kerry.

One small wrinkle though: The California Attorney General is Jerry Brown, formerly known as Governor Moonbeam. This is not a man who crawls in bed with conservatives, but his office is seriously considering the issue.

I think a court docket would be the perfect stage for the Senator from Egoville, NY

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