{"id":29831,"date":"2011-05-19T03:35:32","date_gmt":"2011-05-19T03:35:32","guid":{"rendered":""},"modified":"2011-05-19T03:35:32","modified_gmt":"2011-05-19T03:35:32","slug":"charles_chuck_u_schumer_causes_run_on_indymac_bank","status":"publish","type":"post","link":"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/05\/19\/charles_chuck_u_schumer_causes_run_on_indymac_bank\/","title":{"rendered":"Charles “Chuck-U” Schumer Causes Run on IndyMac Bank"},"content":{"rendered":"
\n

RUSH: The bank in California is IndyMac, and it failed. By the way, they\u2019re talking about 150 banks may fail, blah, blah, all of this negative news, all of this, ‘Oh, my God, it\u2019s going to hell in a handbasket!\u2019 Don\u2019t forget, we had a thousand S&amp;Ls fail back in the eighties. This is not new territory, my friends. We\u2019re not in any new virgin territory here. This has all happened. But there is a problem here, and that is an overactive government. You know what? I\u2019m going to tell you something. These Republicans, these quasi-conservatives in the media, these elitists, these smarter-than-everybody-else-in-the-room people — the ones that have been encouraging an active, engaged government; the guys that think we ought to take a lesson from the New Deal as Republicans, as conservatives in order to win elections, to appeal to a certain voter mind-set; these Rockefeller Republican guys — and these people who want to abandon genuine conservatism ought to be very happy \u2019cause they\u2019re getting exactly what they want. <\/p>\n

They\u2019re getting an active government involved in goofing it up, messing it up, having to bail things out because they\u2019re not run right in the first place, and the bailouts don\u2019t work because that flies against the face of market economics. They\u2019re just delaying the solution to a problem down the road. People who may not have even been born yet are going to have to pay for it. It\u2019s just irresponsible what\u2019s going on, and so is Chuck Schumer. Charles ‘Chuck-U\u2019 Schumer. In the IndyMac failure in California, ‘federal regulators pointedly cited US Sen. Charles Schumer, D-NY, in explaining the bank\u2019s failure. In simple language, federal regulators blamed [Charles Chuck-U] Schumer for a run on the bank. Here\u2019s from the press release issued by IndyMac\u2019s regulator, the Office of Thrift Supervision: ‘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 [Chuck-U] Schumer of New York. The letter expressed concerns about IndyMac\u2019s viability. In the following 11 business days, depositors withdrew more than $1.3 billion from their accounts,” all because Charles Chuck-U Schumer was following the game plan of the Democrat Party and the American left today in trying to convince the American people their country isn\u2019t worth a sack. <\/p>\n

They have gone overboard in trying to convince the people of this country that this country is in a constant, permanent state of decline, that it isn\u2019t worth anything — and that furthermore, we deserve to be in this constant state of decline because our power, our superpower status, our riches, our prosperity, as you know, have stolen so much from the rest of the world. These people will do anything to get power, and Schumer personifies what is happening. This is just irresponsible, purely politically irresponsible. Political malpractice. And he\u2019s out there defending himself on this. ‘Those depositors, they needed to be warned.\u2019 Uh-oh, I just noticed a notice from Mark Hasara. Maybe I can\u2019t use the data… Oh, it\u2019s not about that. Never mind, Mark. Everything is cool. (chuckles) He\u2019s the guy that flew the tankers, and he just sends me a note here, and I thought, ‘Oh, gosh,\u2019 maybe I was about to divulge classified information here. But that\u2019s not what it is. Phil Gramm did not start a bank run. Phil Gramm did not start a bank run! Charles Chuck-U Schumer did, and he\u2019s probably happy about it, as is Barney Frank. <\/p>\n","protected":false},"excerpt":{"rendered":"

RUSH: The bank in California is IndyMac, and it failed. By the way, they\u2019re talking about 150 banks may fail, blah, blah, all of this negative news, all of this, ‘Oh, my God, it\u2019s going to hell in a handbasket!\u2019 Don\u2019t forget, we had a thousand S&amp;Ls fail back in the eighties. This is not […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\nCharles "Chuck-U" Schumer Causes Run on IndyMac Bank - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/admin.rushlimbaugh.com\/daily\/2011\/05\/19\/charles_chuck_u_schumer_causes_run_on_indymac_bank\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Charles "Chuck-U" Schumer Causes Run on IndyMac Bank - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: The bank in California is IndyMac, and it failed. By the way, they\u2019re talking about 150 banks may fail, blah, blah, all of this negative news, all of this, ‘Oh, my God, it\u2019s going to hell in a handbasket!\u2019 Don\u2019t forget, we had a thousand S&amp;Ls fail back in the eighties. 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