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Loose Lips and All

By Tim • July 13, 2008 9:03 pm

The Office of Thrift Supervision is blaming Senator Schumer for the run on IndyMac that led to its failure.

There is little doubt his letter hastened the run on the bank and an investigation to determine whether his public comments were accurate and appropriate is warranted.

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Tim

Tim Owensby is the publisher of the Field Guide for Investors. He has been an active investor since 1984 and enjoys seeing other achieve their investing goals.

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