Chuck Schumer actually said...

"Let me tell you a story I heard, and this is a Connecticut story."

"I have found in New York, and I compared this to my colleagues... that we not only have a failure for people to get new lending."

"We could put $10 billion on Main Street, $10 billion into Main Street small loans almost immediately if they lifted that cap."

"So if a credit union would want to lend to this small business and the local community banker for whatever reason wouldn't, why not let them?"