Now this can't be good
Failure of a major bank in California.
Admittedly, this bank got itself in trouble with bad mortgages, like many.
But our friend Chucky Schumer commented:
The bank "could face a failure if prescriptive measures are not taken quickly."
Customers then rushed to the bank, pulled out 1.3 billion over 3 or so weeks, and the bank failed.
So Schumer gets to stand up and say how he was right, and the government should be regulating this industry more heavily, when he almost directly caused the failure himself.
I'm beginning to think the only positive thing our current House and Senate can do for this country is sit down and STFU.
Admittedly, this bank got itself in trouble with bad mortgages, like many.
But our friend Chucky Schumer commented:
The bank "could face a failure if prescriptive measures are not taken quickly."
Customers then rushed to the bank, pulled out 1.3 billion over 3 or so weeks, and the bank failed.
So Schumer gets to stand up and say how he was right, and the government should be regulating this industry more heavily, when he almost directly caused the failure himself.
I'm beginning to think the only positive thing our current House and Senate can do for this country is sit down and STFU.