Cronyism & abuse of power: How Chuck Schumer Caused the 2nd Largest Bank Failure in US History Jerry Bowyer Saturday, 12 Jul 2008 The collapse of Indymac bank, the 2nd largest bank failure in American history, began with a letter from the office of Sen Charles Schumer. He questioned their viability. The director of the Office of Thrift Supervision concluded the collapse immediately following the Senator’s comments was no coincidence.
New York Democratic Sen. Chuck Schumer said his party erred five years ago by putting health care reform ahead of economic priorities. (Now he says it what a joke, he's been in elective office for 40 years right now time for a change