Chuck Schumer

No one who was here on May 19th... will ever forget Senator Byrd's words to us that day.

First, Madam President, I wish to join my friend from Connecticut in praising Senator Bennet, who has had an amazing effect and a steady hand in bringing this bill to the floor. I also thank my colleague from Virginia, Senator Warner. The…

What kind of coordination is there, because I think most people agree that what started in futures spread to equities?

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 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.

Is there any justification why these two exchanges shouldn't have a consolidated audit trail?

I am not so sure that is good or fair.

The dark pools would become a little less dark.

So you have got to look at this and re-examine it.

If they are gaining share not because they have a better technology but because they have fewer obligations to protect investors, we have got big trouble.

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

Why should they be allowed--why should other exchanges like a NASDAQ or an NYSE have these regulations?

I worry that we let the technology get too far ahead of us.

Thank you for holding this hearing. I thank our witnesses.

Yes, I do. That is why Senator Gillibrand, Senator Specter, and I believe it would be beneficial for the Secretary of Education to use this authority for State guaranty agencies that provide valuable services.

As Senator Gillibrand and I have expressed to Senator Harkin, we share Senator Specter's concerns. The citizens of our State rely upon the New York State Higher Education Services Corporation, HESC, to provide similar services, which have…

The obsession with quarterly results, the short-term expectations from the world of finance, which too often sacrifice long-term economic growth and job creation.

The Senate will reform Wall Street and will do it soon.

We avoided a similar situation in northeast Ohio when Hugo Boss... made a decision to keep its last suit manufacturing plant open in Brooklyn, Ohio.

If Wall Street wheeler dealers become blindly obsessed with short-term gains, their actions can potentially--and have--shatter the economic security of Americans.

Senators Schumer, Bennet, Begich, and Franken have expressed to Facebook their concern about the most recent changes in Facebook's business model.

Teenagers should be given much greater control over the collection of data about them.

Senator Schumer specifically asked the FTC to develop guidelines for these services.

There is a good argument that these data collection practices should be regulated for all users.