July 14, 2009

Quote of the Day

I am attending a Senate Banking hearing on the Obama proposal to create a Consumer Financial Protection Agency. Some folks think new regulations would stifle financial innovation. Sen. Chuck Schumer just dismised “innovation as merely “clever ways to dupe the consumers.” -- James Pathokoukis.

Umm, that would be New York's Senator, Chuck Schumer.

111th Congress Posted by John Kranz at July 14, 2009 11:54 AM

Don't remind me.

Posted by: Perry Eidelbus at July 14, 2009 12:07 PM

Did not mean to rub it in Perry (and I'm in a glass house myself). It just strikes me as if Chuck Grassley had gone on about stupid-ass corn farmers or something. Not even her home Senator cares to defend her.

If you haven't seen it, do read the City Journal piece on Washington's assault on New York that I link to above.

Posted by: jk at July 14, 2009 12:27 PM | What do you think? [2]