Chuck Schumer actually said...

The council believes that the U.S. Congress must legislate this important and most basic shareowner right.

Schumer emphasizes the need for Congress to legislate majority voting for directors.

07/28/2009

More Chuck Schumer Quotes

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

These private pools of capital are responsible for huge transfers of capital and risk, and so examining these industries and potential regul...

To address this regulatory gap, I recently introduced the Private Fund Transparency Act of 2009.

we need to empower the SEC to do more.