The question of Senator Schumer’s Attack On Indymac Coordinated with ‘activist’ group?
This article shows the relationships of CRL and its Chief Executive Officer Martin Eakes to other activist groups such as NAACP, Tides Foundation, ACORN as well others.
“CNBC is suggesting that Senator Schumer's unprecedented role in breaking Indymac, a Pasadena bank, was part of a coordinated scheme with The Center for Responsible Lending , as usual, a name from a far left "public interest" operation which, as is often the case, disguises its objectives and operations”
Was Schumer's Attack On Indymac Coordinated with 'activist' group? By Clarice Feldman American Thinker http://www.americanthinker.com/blog/200 ... dymac.html
“After the bank was seized, the Office of Thrift Supervision [OTS] released the following statement describing the situation:
The OTS has determined that the current institution, IndyMac Bank, is unlikely to be able to meet continued depositors' demands in the normal course of business and is therefore in an unsafe and unsound condition. The immediate cause of the closing was a deposit run that began and continued after the public release of a June 26 letter to the OTS and the FDIC from Senator Charles Schumer of New York. The letter expressed concerns about IndyMac's viability. In the following 11 business days, depositors withdrew more than $1.3 billion from their accounts”
Senator Schumer's Careless Remarks Result in IndyMac's Early Demise by: Dave Davidson posted on: July 13, 2008 Seeking Alpha http://seekingalpha.com/article/84766-s ... rly-demise