Looks like Sheila and the FDIC are HP'ers.
Sorry we caused that little ol' IndyMac failure. Not the rampant and organized mortgage fraud. Not the lending to people with no jobs and no income. Not the criminal activity of Michael Perry and his gang of thieves.
Nope, it was little ol' HP and the bubble blogs that took IndyMac down. Odd, right, since IndyMac wasn't even on your troubled banks list (even though it was obvious they'd fail).
Well, if you liked IndyMac Sheila, you're gonna LOVE toxic lender Washington Mutual (in my personal first-amendment protected opinion)
Monkeys folks. The US is run by monkeys and political-appointee hacks. And when the going gets tough, blame the blogs. Unreal.
FDIC learns it ignores bloggers at its peril
The federal agency insuring bank deposits learned that it can't afford to ignore the blogs following its seizure this month of IndyMac Bank, the largest bank failure since the 1980s.
"The blogs were a bit out of control," Sheila Bair, chairman of the Federal Deposit Insurance Corp., told the San Francisco Business Times after a speech in San Francisco this week.
That's putting it mildly. Following the FDIC's takeover of Pasadena's IndyMac on July 11, widely followed blogs were speculating on bank runs on some of California's largest banks based on nothing more than people waiting for their branch to open or large deposits moving between financial institutions. The FDIC plans to pay closer attention to the blogosphere in the future.
"We're very mindful of the media coverage and blogs in controlling misinformation. All I can say is were going to continue to stay on top of it," Bair said. "The misinformation that came out over the weekend fed a lot of depositors' fears."
July 29, 2008
HousingPANIC has this message for the FDIC and its incompetent head, Sheila Bair - PEOPLE OF AMERICA GET YOUR MONEY OUT OF WASHINGTON MUTUAL NOW!!!!!!
Posted by blogger at 7/29/2008