Chuck Schumer actually said...

it seems obvious to me that closer attention needs to be paid to these funds to avoid future Ponzi schemes

Schumer emphasizes the need for stricter oversight of investment funds to prevent fraud.

07/14/2009

More Chuck Schumer Quotes

I have called this hearing to explore another key aspect of such reforms, the regulation of hedge funds and other private investment pools.

The current financial crisis has reinvigorated my long-held concern that the regulation of hedge funds and other pooled investment vehicles ...

We applaud Senator Charles Schumer and Congressman Rush Holt for their leadership in introducing these bills.

Thank you for your leadership.