Laurent B.

Who's to Blame for IndyMac's Failure?

Senator Schumer's letter was the financial equivalent of "shouting 'Fire!' in a crowded theater. Why would he do this? Senator Schumer is the only U.S. senator to have his name made into a verb: "to Schume" is to rush headlong toward any available microphone or camera, regardless of the consequences. Also, Senator Schumer is very involved in fund-raising for the Democratic Senatorial Campaign Committee: this is his way of saying "contribute or else."