Another One Bites the Dust/ Thanks Sen. Schumer

INDYMAC SEIZED BY U.S. REGULATORS; SCHUMER BLAMED FOR FAILURE: IndyMac Bancorp Inc. became the second- biggest federally insured financial company to be seized by U.S. regulators after a run by depositors left the California mortgage lender short on cash. The Federal Deposit Insurance Corp. will run a successor institution, IndyMac Federal Bank FSB, starting next week, the Office of Thrift Supervision said in an e-mail yesterday. The regulator blamed U.S. Senator Charles Schumer for creating a "liquidity crisis" after a letter on June 26, in which he expressed concern that the bank may fail.