Chuck Schumer actually said...

I do not think they would have a different structure, and I would argue that the recent history would undercut your argument even further.

Schumer argues that recent history disproves the idea that shareholders benefit from risk-taking by financial firms.

07/28/2009

More Chuck Schumer Quotes

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

Nobody wins when a home is foreclosed upon.

Foreclosure is not an abstract concept. It is a very real pain for American families.

Nobody wins, obviously, when a bank has to sell a house at auction for less than it would get it if simply were refinanced.