Harry Reid Borrows a Page From Chuck Schumer, Inspires Insurance Company Sell-Off

Kudos, Harry.

Comments from Senate Majority Leader Harry Reid about a 'major insurance company' on the verge of bankruptcy send already hard-hit stocks sharply lower.
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New York-based MetLife was one of the hardest-hit insurers Thursday. Its stock plunged nearly 16%. Thursday's drop comes after a 14% decline on Wednesday.
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A spokesman for Sen. Reid backtracked a bit Thursday and said that the senator was not aware of any company being in danger of bankruptcy.

Flashback:  Chuck Schumer dooms IndyMac.

The [Office of Thrift Supervision] pointed the finger directly at Schumer for the failure, accusing him of sparking a bank run by releasing a letter that "expressed concerns about IndyMac's viability."