He puts the president at fault for the IndyMac bank closing. And I guess, when you live in one of Jackson's trendy liberal enclaves, you miss all of this stuff:
I find this quote very interesting, Jere:
Did ya catch that, Jere? A little Democratic grandstanding is OK, though, right? It's all to stop the corrupt and inept Bush administration, right?
In a written statement, the Office of Thrift Supervision, which regulated IndyMac, said "the immediate cause" of the failure was statements made by Sen. Charles Schumer, a New York Democrat. Mr. Schumer in late June publicly raised concerns about the bank's solvency.
"Although this institution was already in distress, I am troubled by any interference in the regulatory process," said OTS Director John Reich.
I really hope somebody will post that quote on Jere's blog.