Chuck Schumer actually said...

More complex products and less transparency equals a greater possibility of fraud and wrongdoing.

Schumer highlights the risks of complex financial products and lack of market transparency.

09/09/2009

More Chuck Schumer Quotes

I think unlike other times, this moment requires that we have more of an ongoing public conversation about these issues.

The Center for Responsible Lending projects that some 17,000 homes in my home State will go into foreclosure in 2009.

Perhaps the biggest step the Secretary has taken is the Public-Private Investment Program the Treasury Department rolled out in March.

In my opinion the programs laid out thus far by you, Mr. Secretary, go well beyond what is appropriate and necessary.