Tuesday, February 16, 2016

Chuck "Voice of Wall Street in Washington" Schumer Totally Didn't Say What He Said

Senator Chuck Schumer claims that the situation now is completely different from what it was when he said what he claims he didn't really say. Of course it's different, there's a Democratic president now.

With respect to the Supreme Court at least, I will recommend to my colleagues that we should not confirm any Bush nominee to the Supreme Court except in extraordinary circumstances. They must prove by actions, not words, that they are in the mainstream rather than we have to prove that they are not. 
I will do everything in my power to prevent one more ideological ally from joining Roberts and Alito on the court.
In 2006, it was Schumer's amendment to legislation that kept the S.E.C. from over-seeing credit rating agencies. The next year he was pushing for relaxation of regulations over Wall Street financial companies. He sponsored legislation to cut fees that banking firms paid to finance government oversight. He pushed for banks to be able to have lower capital reserves.

After the financial crash of 2008 he said that he hadn't realized how much risk Wall Street had assumed and how much damage its risky practices could affect regular people. It seems he has a habit of saying things that are advantageous to him at the moment with no thought of what the consequences will be long term.

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