Chuck Schumer actually said...

How would you propose it be funded? Should there be some kind of user fee, whether on the lender or the borrower?

Schumer questions the funding mechanism for the proposed agency.

03/02/2009

More Chuck Schumer Quotes

By no means is this problem exclusive to financial services.

It is an historic undertaking, one of the most important debates in which we have engaged here in a long time.

This hearing will focus on critical consumer, investor, and shareholder protections in financial services.

You need only to pick up our morning newspapers to appreciate what people are going through.