[lbo-talk] Schumer

Doug Henwood dhenwood at panix.com
Sun Dec 14 06:55:12 PST 2008


If there was ever any doubt - not that their should be - that Democrats were at least as responsible for the current financial mess as Republicans, this article from the NYT should take care of that. Wall Street's own dedicated Senator, Charles Schumer, did everything he could to forestall regulation. And Wall Street loved him for it!

<http://www.nytimes.com/2008/12/14/business/14schumer.html?_r=1&pagewanted=all

>.

Accompanying the article is a graphic showing Wall Street contribs to Senators and Reps. While he was in the House, Schumer got more than three times as much cash as the next guy on the list. In the Senate, the top recent recipients are Kerry, Schumer, Lieberman, Dodd, and Clinton.

And this is the gang that's going to re-regulate Wall Street?

Doug



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