Good Morning World
How Chuck Schumer Caused the Second Largest Bank Failure in US History
https://www.cnbc.com/id/25654303
article is from 2008, but still intredasting.
Federal officials arenât supposed to cause bank runs. In fact, much of the New Deal bank regulatory apparatus was set up for the purpose of eliminating such panics. When FDR was hit with a massive set of bank runs shortly after taking office, he gave an address in order to calm terrified depositors, assuring them that the banks would reopen shortly, and that everything would be fine. But Chuck Schumer is no FDR. He doesnât stop bank runs; he starts them. Or, at least, has started one. The collapse of Indymac bank, the second largest bank failure in American history, began with a letter from the office of Senator Charles Schumer on June 27. He questioned the viability of the bank. When a senior senator who is in a number of influential posts regarding oversight of bank regulators directly attacks the confidence of a depository institution, it matters. Not surprisingly, the director of the Office of Thrift Supervision concluded that the collapse of the bank immediately following the Senatorâs comments was not a coincidence. Director Reich concluded that Senator Schumer had âgiven the bank a heart attackâ.
Why? Why would a federal official with enormous power, destroy an institution on which tens of thousands of depositors (not all of whom are insured) and employees depend? Why would a New York Senator attack a Pasadena bank, acting as some sort of amateur, self-appointed, long-distance bank examiner?
Perhaps this might help answer the question: Indymac has been under attack from the hard left. The Center for Responsible Lending issued an attack on Indymac within a few days of Schumerâs letter. CRL is part of a small army of left of center âresearchâ groups, community organizers, and public interest law firms who make their living accusing home lenders of racial redlining and predatory lending. On June 20th the Center accused Indymac of unfair practices regarding minority borrowers.
A suspicious person might think that a network of lefty attack groups proficient in bank bashing and frequently funded by trial lawyers and short-sellers, coordinated their activities with a law firm on the hunt and a Senator who works closely with the network.
On the other hand, maybe it is a coincidence that CRL and Sen. Schumer attacked the same bank in the same week. Maybe he didnât know about the CRL report, nor CRL about his letter. Maybe the community group didnât know about the trial-lawyer class action lawsuit which was launched against Indy a couple of weeks before all of this started.
Yeah, right.
The political class is shifting left. Weâre likely to get Obama and Nancy and Harry running the most advanced economy in the world next year. The investor class doesnât like what it sees coming. Thatâs why it is scaling back. Capital is going on strike, and we wonât come back to the table until we see that we have a chance to a fair deal.
It was the American Jewish Committee (AJC) which first vigorously advocated for open immigration in America beginning in 1914 until the great watershed in 1965.
Jewish politicians Behind The Open Immigraton Law of 1965:
Jacob Javis
Elizabeth Holtzman
Charles Schumer
Emanuel Celler
Top of B'nai B'rith building in Seattle
This ADL office in Seattle is one of 30 offices in the US, gives some impression of the financial power behind this Jewish Mason Lodge. The main office is in New York.
Senator Jacob Javits (NY)
Congressman Emanuel Celler (NY)
Leo Pfeffer (Former President of American Jewish Congress (AJC)
Norman Podhoretz (Writer and Member of The Council on Foreign Relations - former leftist, now a Jewish neo-con)
http://balder.org/judea/Hate-Speech-Laws-Immigration-Jewish-Influence-USA.php
watch VIDEO!
-
Senator Jacob Javits played a prominent role in the Senate hearings on the 1965 bill. Javits authored an article entitled âLetâs open the gatesâ that proposed immigration levels of 500,000 per year for 20 years with no restrictions on national origin.
-
Congressman Emanuel Celler, who fought for unrestricted immigration for over 40 years in the House of Representatives, introduced similar legislation resulting in the âCellar-Hart Immigration Bill,â the precursor to the fatal bill of 1965.
-
Leo Pfeffer, a so-called, âJewish Intellect,â (translate, âChrist-Haterâ), wrote many treatises and books that propagandized for open immigration.
-
Norman Podhoretz, a former leftist, now a Jewish âneo-con,â (heâs still a leftist), also wrote many articles promoting open immigration.
-
Jewish organizations such as the American Jewish Congress, The Jewish Federation, the ACLU, and the Bânai Bârith, (there is no end to their organizations), filed briefs in support of open immigration before the Senate Subcommittee in the early sixties leading up to the passing of the 1965 law.
The main author of the Civil Rights Act of 1964 was Jewish assistant attorney general Norbert A. Schlei | II (1929-2003). (Schlei also wrote the Voting Rights Act of 1965).
Jewish Arnold Aronson (1911-1998) was founder and leader of the Leadership Conference on Civil Rights (LCCR). The LCCR, a powerful coalition of political and religious groups, organized major, countrywide lobbying efforts to aid passage of the Civil Rights Act of 1964.