All Posts Tagged With: "Charles Schumer"

Holder Voids Case Against Ted Stevens. But Why?

James Joyner at OTB, this morning brings news abot the latest action of Eric Holder’s Justice Dept:

Attorney General Eric Holder has dropped the case against Ted Stevens, NPR’s Nina Toalatenberg reports.

A jury convicted Stevens last fall of seven counts of lying on his Senate disclosure form in order to conceal $250,000 in gifts from an oil industry executive and other friends. Stevens was the longest-serving Republican in the Senate, however, he lost his bid for an eighth full term in office just days after he was convicted. Since then, charges of prosecutorial misconduct have delayed his sentencing and prompted defense motions for a new trial.

According to Justice Department officials, U.S. Attorney General Eric Holder has decided to drop the case against

Senator Schumer and the Law of Unintended Consequences

I’m always amazed at the hubris of politicians, although, one would think at this point in my life that I really shouldn’t be amazed at all.

On Friday of last week, Federal Regulators seized IndyMac Bancorp, a $40 billion thrift.  It appears that letters sent by Sen. Schumer to federal agencies in June and made public by the Senator’s office may have contributed to IndyMac’s untimely demise by inadvertantly setting off a run on the bank’s deposits.

Senator Schumer vehemently denies that his grandstanding caused the bank’s failure, suggesting instead that the Office of Thrift Supervision blew it by allowing banks to make risky loans.  But Senator Schumer is a member of the Senate Banking Committee, which has oversight responsibility (a key word somewhat foreign …

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