Chuck Schumer actually said...

I happen to be one that believes that the idea of principal reduction makes a lot more sense than interest rate reduction.

Schumer advocates for principal reduction as a more effective solution to foreclosure issues.

07/15/2009

More Chuck Schumer Quotes

Mr. Chairman, could I ask unanimous consent that the SEC Chair...have 5 days to submit an answer to that question in writing for the record?

I am going to be watching really closely and carefully about that

I am for openness and sunlight, first and foremost. I worry when we do not have it.

I am worried that this is a potential area for problems because by nature they are dark.