Former IndyMac Employees Go Swift Boating [1]
Submitted by Diane Farsetta [2] on
Former employees of the failed California IndyMac Bank [3] have hired the Swift Boat Veterans for Truth [4]'s former public relations firm, Creative Response Concepts [5] (CRC), in an attempt to hold Senator Charles Schumer [6] responsible for the bank's collapse. Schumer, who chairs Congress' Joint Economic Committee, went public with his concerns about the bank on June 26. His negative assessments of IndyMac led to a run on the bank, "with depositors taking out a net $1.3 billion in the following two weeks." With help from CRC, 51 former IndyMac employees are accusing Schumer of "a malicious, politically motivated act." CRC circulated to major media a letter from the employees to California Attorney General Jerry Brown. "The letter, signed mostly by former staffers at IndyMac's now-shuttered mortgage operation, asks Brown to investigate Schumer and to prosecute him under a state law making it a misdemeanor to spread false and damaging statements or rumors about a bank," reports the Los Angeles Times.