The Office of Thrift Supervision is blaming Senator Chucky Schumer for the failure of IndyMac Bank. Apparently a letter by Schumer questioning IndyMac's viability was followed by depositors withdrawing $1.3 billion dollars from the bank.
The self-fulfilling prophecy is an off shoot of the Thomas Theorem...
"If men define situations as real, they are real in their consequences"Schumer, being a member of the Senate Banking Committee, and part of the Democratic "we love to regulate" Party, was in the absolutely worst position to express such negative opinions. Compounding the current mortgage and banking crisis is not the best and smartest thing a "leader" can do..
Besides, he should be out looking for his Weiner.