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APB: Senator Chuckles Schumer

schumer_charles [1]Jennifer Ruben seens concerned about the missing in action New York Senator Chuckles Schumer, Panjamas Media [2]:

It is odd indeed that the usual camera-craven Schumer has not been out calling for a full investigation and explanation for how Madoff got away with his scheme for so long. Why isn’t he popping up on the Sunday talk shows, as is his custom, to demand that one of his Senate committees get the bottom of this? It might be that for once Schumer would like to be forgotten. When he does reappear, some enterprising reporter might ask about any contacts he had with Madoff – or on behalf of Madoff.

Chuckles has suddenly become camera shy.    The old joke is that the most dangerous spot in Washington  is between Chuckles and a camera.     So speak up, Chuck.

Addendum(Bit);

Indeed. And lets recall, please, that it was Chuckles that caused the failure of IndyBank, last June.  One cannot help but wonder if these two situations are related. It would certainly explain the uncharacteristic silence of the man.

I’ll tell you the truth; I’m beginning to suspect that our recent financial difficulties are going to be the subject of great investigation over the next several months.  Probably, years.  A lot more will come out of that investigation that Mr. Schumer will be comfortable with.  Certainly, the involvement of Barney Frank, Christopher Dodd, will be questioned. Also among those names, however, will be that of Charles Schumer.

Obviously, I have no proof of all of this at this point; but I’m hardly alone in my suspicions. [3]

Within days of Chuck Schumer starting this run on IndyMac, $1.3 billion had been taken from the bank, people had taken that much out, the Feds, the FDIC had to step in there and stop it to save the bank, because there was such a run.  It was started by Chuck Schumer.  Now, just cut to the chase here.  Back to this October Surprise.  I am just wondering — as I say, it can’t be proven — I’m just wondering if a lot of this was by design, to create economic panic,  remember now, the Iraq war had dominated everything, and the economy was said to no longer be an issue in the campaign, for the first time.  Corruption, other things were, ethics, when the Republicans had those problems, but the economy wasn’t.  They wanted to create economic crisis, a mind-set of this.  So Chuck Schumer goes out, starts a run, a $1.3 billion run on IndyMac, and then all of us, look what we learned, all these mortgages are worthless, all the mortgage derivatives and the mortgage backed assets, they are worthless, everything was worthless, there was no “there” there.  Every institution, every guy in the institution was an empty suit, and we had to bail out this and bail out that and it didn’t help.

I just wonder if what was a planned attempt to scare people economically, start a little run on a bank and do this, that, and the other thing, has now spun so far out of control, it’s gone so far beyond what the intention was, just to win an election, that nobody knows what to do about it now.

I just wonder if what was a planned attempt to scare people economically, start a little run on a bank and do this, that, and the other thing, has now spun so far out of control, it’s gone so far beyond what the intention was, just to win an election, that nobody knows what to do about it now.  The only mitigating argument against that is that the number one, the primary beneficiary of this — and you have to look, even in an economic collapse like ours, there are beneficiaries.  Who’s benefiting?  Who is benefiting?  Aside from the people being bailed out, the Democrat Party and Barack Obama are benefiting.  They got elected, they increased their numbers in the House, they increased their numbers in the Senate, they got the White House now, and they’ve got a crisis that people think can only be fixed with the almighty and powerful government interceding to save this or to save that or to do whatever when in fact the government is going to nationalize the automobile industry, gonna nationalize some banks, is gonna nationalize the mortgage industry, and may end up nationalizing the automobile industry.  And everybody is sitting around arguing on the merits, “Oh, God, glad they did it, oh, I’m glad they did it, oh, thank goodness, they saved the UAW, they saved the auto companies.”

Everything has been presented to us, “We can’t let this fail; it’s the end of America.”  We recently learned also that the Treasury secretary, Hank Paulson was cited talking about how bad the economic conditions were, was wrong.  The numbers that he was given to cite how rotten the economy, they were wrong just before we did the $700 billion TARP bailout.  But doesn’t matter, we’ve done it, and now TARP has become United Auto Workers bailout.  People are sitting by letting this happen with great hope, by the way, that it will fix what’s wrong.  Miraculously the stock market will rebound.  So the Obama team and the Democrat Party are benefiting tremendously from this, even if it has spun outta control.  If it’s spun outta control they’ll make due with the new crisis they’ve created a la Rahm Emanuel.  But the reason I think it has spun a little bit out of control and gone a little further than they intended is that even the Obama people are saying, “Hey, it’s going to be really bad for a really long time.” 

As I say, David, my guess is is that this is going to be investigated by a large number of people over the next four years. No, not by the democrats ; we won’t be seeing any democrat run kangaroo courts in front of the TV cameras this time around.  I think what’s probably going to happen is we’re going to see the resurgence of investigative reporting.  Indeed, that’s one of the reasons that I’ve been wishing for the dinosaur media to die off sooner.  We need to get serious investigative reporting going again.  I think this incident will bring that to the fore.

Once the facts start coming out on all of this,   I think the backlash against those who brought it on us for their own purposes, is going to be severe.  The Boston tea party will look, well, like a tea party by comparison, as the truth starts getting revealed on this stuff.