i don't blame him..He was over his head when he was put on the committee. he's more into lunches and dinners with campaign donors.

jUST ONE MORE OF MANY BANKS THAT HAVE OVEREXTENDED THEMSELVES AND THE LACK OF OVERSIGHT BY A GOVERNMENT AGENCY SUPPOSED TO LOOK AFTER AMERICAN CONSUMER INTEREST. FAILURES AFTER FAILURES OF GOVERNMENT, AD NAUSEAM..

Senator Schumer: my question is "who is too blame?" Seems that no one wants to take credit for this problem. I am not a whiner, but a pragmatic person. Someone should step forward. Someone should take the blame. Who was asleep at the switch?

Isn't Obama a piece of work? He only wants to go to Germany to copy JFK. What an idiot? Does he think he is JFK? I've got news, I knew JFK, JFK was a friend of mine and Obama is no JFK. Sooo quit being Hollywood Hussein.

Vote for McCain, a man who appreciates and will protect our values.

Of course, more of same "blame game". Nobody excepts or takes any responsibility and therefore no problems get fixed.

Yes, you — YOU!!! — were the author of the letter that caused the run on the bank. You, loudmouth, are responsible. Learn something from this, you loudmouth.

Our government knows 90 others that are in trouble, but we can't be told.

Why is our government prevent us from protecting ourselves? Out government is controlled by banks and all other corporations, not us.

It's time to get rid of all the incumbents – vote the rascals out – we should be warned !!!!!!!!!

They vote themselves BIG raises, and let us lose our money for their lobbyists.

Yes, Yes Mr. President it is all the Democrats fault!

- They are keeping the U.s energy dependent on oil (unlike Brazil).
- They are driving up the Deficits with funding Wars and Cutting Taxes.
- They are the ones responsible for not stopping 9/11.
- They are the ones that mislead the World on the Iraq War.
- They are the ones that spent all the Surplus.
- They are the ones that inadequately responded to Katrina.
- They are the ones that wont use their oversight to protect the American people from corrupt Bankers and Executives (IndyMac, Enron and etc….).
- They are the ones that did not provide our troops with the proper body Armor and equipment.
- They are the ones that mismanaged the Wars.
- They are the ones responsible for NOT catching Osama Bin Laden.
- They are the ones that made decisions to make the Justice Department a federally funded wing of the Republican Party.

You are correct Mr President e CANNOT let the Democrats be in a position of power in this country look at all they are responsible for. How can people not realize that since they control both houses of congress (The House and Senate less than a VETO proof majority, and the Senate less than a filibuster majority) for a year and a half, that they are responsible. Can't you just imagine the problems we will be in if they had control of Congress for the past 8 years????

We must be like the PUMA's and vote for Republicans!

So if Dubya screws the economy, and I say "the economy is screwed", then I am to be blamed for the screwed economy because my remarks stopped consumers from buying goods causing economic slowdown.

The next thing I am going to hear is that the gas price is higher because I am saying "gas prices are getting higher", and my saying is causing an oil buying frenzy raising the price.

When will the Dubya administration actually take the blame of the screwup job and stopping blaming us for causing a "Mental Recession".

WANT LESS. Put less value on things.

Our economy – that corporatist led, trickle down idea that spending is the solution to keeping recession and depression at bay – cannot be sustained as it has for the past 16 years.

Reaganomics suggests that adding fuel (credit) to the fire (the economy) keeps it burning. It doesn't. Like a firestorm, oxygen (devaluation of the dollar) sucks all the air out of the atmosphere and all you are left with is the burned out landscape of the failed economy.

And the arsonists walk away, leaving behind the blackened husks of families and the American public.

It isn't about Democrats or Republicans… it's about greedy corporations, the oil industry and the military industrial complex. And McCain= Bush's Third Term.

But hey, enough of my whining.

To Independent Voter:

You are right – it is not all Senator Schumer's fault for the bank run at IndyMac. The fault lies with the House AND Senate for gutting regulations that had been put in place during the Great Depression precisely to try and prevent this from reoccurring. The Fed and Alan Greenspan are also to blame because they kept on insisting that lenders try to make mortgage loans so anyone could buy a home whether they could afford it or not. And let's not forget about the plain greed and unscrupulousness of lenders just so they could show the shareholders a bigger profit each quarter.

Unfortunately, I fear the dominoes are only just beginning to fall and we taxpayers will be left to clean up the mess once again.

It really seems to me that the number one problem we face in our nation today, is the Bush administration's double whammie.

First, good republican regulators do not regulate, after all we all know that private sector does such a better job than those in the employ of the government, and all the regulatory agency heads after all are true Red Bushies.

Second, every attempt made by Congressional oversight committees have been blocked refused information or had executive privilgde thrown in their face.

Who do I hold accountable, number one is Bush and his loyal appointees who would rather do his biddig than their jobs. And Second the Republican leadership, yes I said Republican leadership in the House for failing to take action years ago and fix or remove the problem.

Schumer, There is a saying guilty conscience pricks the mind. You are responsible for the current crisis. You are managing the senate and the congress since 2006 elections and now you want to blame Bush administration or others. Pleas eput your home in order first.

I agree with Schumer – if Indymac was not regulated by the Federal Government,, this may be why they are in the current mess.
Schumer is not to blame.

It's to Senator Schumers credit that he pointed out the state of IndyhMac. It's been failing for at least 2 years and that's obvious to anyone paying attention. When it was clear there was no other choice becasue as usual Bush's incompetents would do nothing, he did what he had to do to be responsible.

Thank you, Senator Schumer.

Schumer is right.

Bush is the worst president we have ever had.

The Democrats are losing touch with what they have to do for the little guy, I'm going green!

Let's see, the democrats have been in charge now for 2 years.

Consumer confidence 2 1/2 years ago was at an all time high!

Gasoline prices were reasonable 2 1/2 years ago.

I think that it is time that the democrats start taking some of the blame for what they say is wrong with America!!

The entire Bush Administration has been "asleep at the switch" for the last 8 years — what have those idiots NOT screwed up?

If this keeps up were in for a depression. Banks failing left and right. That is the worst possible news. Greed and stupidity….

Of course you can't blame Schumer. He's a Democrat. Democrats aren't responsible for anything.

Didn't a supreme court justice say you shouldn't yell 'fire' in a crowded theater, even if there is one? If INDYMAC was in trouble it should have been handled in a way that didn't dreate panic. Sshumer should not have yelled 'fire'. He shares the blame with the regulators.

Congresscreatures deserve a considerable share of the blame for the current mess. They complained that banks were "red-lining" people depending on where they live. So, the banks dutifully do what Congress demands and makes mortgages easier to get. Then, we get a housing bubble and the "subprime" mess (who do you think the subprime borrowers are?).

Watch what happens to Freddie and Fannie next. Congress is bought and paid for by these "companies" because of the slush funds they provide for members of Congress to use as they see fit. In return, Freddie and Fannie get very lax supervision as Congress makes certain know one in the executive branch has sufficient authority tor regulate them properly. Members of Congress should go to jail for the corruption inherent in this relationship.

Congress is institutionally corrupt and many of its members, including Schumer, are a big part of the problem. It would be best if he went to jail but keeping his mouth shut for a change would be helpful, too.

Schumer just wants to be on TV.

I, as a taxpayer, do not want to bail out the banks, or the people who have had their houses foreclosed on. They took the risks, they reap the cost or benefit.

The federal government has been illegally spending our money for years giving back to people who aren't willing to accept responsibilty for their actions.

This Indy Mac situation is sure to revive discussion around the Keating 5 S&L crisis that involved McCain

Schumer is very much to blame for this. As he usually does, he goes negative rather than offer politive solutions. It was entirely after his cry for "fire" that people started to withdraw funds from IndyMac in droves, and that played a huge part in this debacle. There is one BASIC reality in the free market system: The economy responds directly to the mood of the public — negative and the market drops — positive, and the market rallies. Public figures like Schumber should use better judgment.

Ridiculous, as usual everyone blames the messenger! There has no accountability the last several years or rather since Bush &company have been in office.

The fact of the matter is that every bank involved in mortgages is in distress. Schumer cited a specific bank to induce panic.

IndyMac is a mortgage originator. They generate mortgages and sell blocks of them off to the highest bidder. Overnight, the market changed, and they suddenly found themselves with an inventory of the stuff. However, the mortgages in question were substantially Alt-A loans, not greasy sub-prime loans. They were going to take a loss on those, but it need not have been the death nell of the company.

The fact that OTS hadn't shut down IndyMac is evidence that they were not, in fact, negligent. Schumer's irresponsible actions are to blame, here. Or is his next step to criticize another bank and destroy the investments people have made in it?

Wasn't he just trying to raise some attention to a potential problem that turned into a disaster? Why wasn't anyone else watching IndyMac's shady practices?

No bail-outs, period. People who act responsibly should not have to pay for the mistakes of those who don't. If people borrowed money to buy homes they couldn't afford, too bad. What part of "variable rate" did they not understand? If you own stock in one of the failing lenders that's a shame, but next time you'll know better. If you put all of your life's savings into one of those ventures, you were foolish.

If the government bails anyone out, that destroys the free market system. Removing the risk from investments encourages even more foolish investments (as we learned in October of 1929, after the house of cards based on borrowed money for risky stocks collapsed). Let some people lose money in this fiasco of overzealous lending, and the system will be better off in the log run. Next time, the banks won't loan someone $400,000 to buy a house that's barely worth $380,000 (at least not any banks I'd invest in).

As far as Schumer's leaking of a document that may have encouraged a faster-than-expected collapse of the bank, well, that's politics. It's in the best interests of Democrats to have the economy in dire straits on election day. The worse it gets, the broader their smiles will be… just as Republicans will be gleeful after Obama makes things worse. Is it a shame that polticians of both parties act that way? Certainly, but that's what happens when you have politicians, rather than statesmen. Enact term limits and eliminate the perks and you'll get more statesmen.

Yeah, right. It's the fault of the guy pointing out the problem, not the ones responsible for creating the problem in the first place. Makes perfect sense in Republican World……

Give me a break. Speculators pointing fingers? The Bush Ad. deregulated EVERYTHING. I'm afraid this is just the beginning.

Typical Republican ploy – always blame somebody else!

McSame, we are not whiners and our financial pain in not in our heads. Your top economic advisor hasn't got as clue and since you said that you don't understand the economy, neither do you!!!

Another attempt to push blame elsewhere – Bush and his team have completely destroyed the economic backbone of the country while, at the same time, destroying our reputation and trust overboard -

It is amazing that the Congress does not vote to censure or impeach — too late now – but it will be a long long long time before we will recover from the damage of the Bush presidency … and we may never recover (perhaps Bush was Nero in a past life)

The Republicans are at fault for the Banking Crises and the poor economy,period! Bush used to brag about how many poor and minority people were buying new homes as a sign of how well He was running the economy. Everyone with a brain saw the houseing Bubble getting ready to burst but not Bush. His head was buried deep in the Iraqi sands.

This administration, more than any other Republican administration – and in keeping with the GOP policy of no regulation for businesses and maximum regulation for citizens, has no one to blame but itself. The GOP policy of letting the foxes police themselves while guarding the henhouse is going to do more harm to the US economy than three Iraq wars. Someday people will learn that government has a place in this country.

Senator Shumer is part of the problem and should share the blame.
A democratic controlled congress fell asleep at the wheel. They failed us again. Dont make the same mistake vote for Republicans for Congress.

HAHAHAHAHA America we are screwed now all this rich bank owners are ditching America and bailing out of our country. IRS knows that all this Banks are commiting frauds and taking peoples money and depositing out of country. we need real change and top voting for republican crooks. vote democrat!!!!!!!!!!!!!!!!!!! 2thousandforever!!!!!!!!!!!!!!!!!!!!

ANOTHER REASON WHY THE RNC WILL NOT RETURN IN NOVEMBER. THEY HAVE SCREWED THIS NATION.

Everything Bush has ever touched has turned to crap, and he's run true to form with his rotten administration and team of henchmen….. It'll take a generation to undo the lousy management of Bushco. And how like the "never at fault" Bush administration to always point a finger at someone else when there's yet another failure during his watch.

people dont want to lose their money like enron.republicans are ruining our economy,because they are the only ones with any money left.

Why are they trying to play the blame game? Problem wont go away by playing the blame game.

If that was not enough…Sallie Mae and company right behind them in corruption. Still very fresh in my mind. I'm not walking away until I get back my share through public demand from those responsible.

REGULATION, REGULATION, REGULATION!!!

We need stronger regulation for our Credit/Banking and Real Estate industries.

DEMOCRATS UNITE!!!

Oh no, Mr. Shumer, you and the rest of our politicians lack blame for anything. Indeed, you are all flawless.

If Schumer hadn't said anything the Bush administration would have continued to fiddle while Rome burned as that is the path they've followed throughout their administration. Just ask anyone in New Orleans.

Wow. Blame the guy for trying to do his job by calling on regulators to their job.

Sure, it would have been great if the communication had been kept secret, but frankly doing so has done nothing to increase enforcement of regulations.

Fact is, there has been ABSOLUTELY NO DESIRE TO REGULATE ANYTHING during the Bush administration. What is happening in our housing markets, financial markets, and energy markets is directly related to a historical policy of easy credit (which began in earnest after the 9/11 and the tech crash) and an absolute abdication of any regulatory enforcement in banking, housing and wall street.

We are now reaping what we've sown while CEOs get golden parachutes as they "retire." It's not all Bush's fault, but it has been worse under him than in several generations.

It is just ridiculous to blame Schumer for IndyMac's bank run. This has been in the making for years.

I say thanks to my senior senator for expressing worries about our asleep-at-the-switch bank regulators. Far from "interfering in the regulatory process," Schumer suggested that these clown institute the regulatory process!

INDYMAC has been falling behind for at least TWO YEARS and now the chickens come home to roost.

Keep up the good work, Senator Schumer. I bet these regulators have been working late ever since you pointed out the obvious – that they haven't been working at all!

Wow. Blame the guy for trying to do his job by asking the regulators to do theirs. Probably should've made the communication private if possible, but given the ABSOLUTE LACK OF DESIRE TO REGULATE ANYTHING

Way to go, Schumer! That was like calling "fire" in a theatre.

That's it Shumer (D) NY,,,,, right on cue…take the economy down so that the liberals can get into office.. Here is a clue, The economy was fine until the Liberal Democrats took over Congress 2 years ago. Since then the economy with the help of the Liberal media has spiraled downwards, we are paying more for gas and some people are losing their homes. Meanwhile the Democrats sit on their duff and accuse the Republicans and hold hearings on Baseball players,
the firing of U.S. Attorneys and other things that don't matter.

My vote is Get rid of all of them and start over with a new congress.

No man, BLAME US!

It is our fault, we WHINNING NATION OF AMERICANS.