Schumer is such a schm**k. A while ago, he and Bloomie were pushing for a relaxation of the rules in Sarbanes/Oxley, on the grounds that NYC was becoming less competitive as a world financial center because of "excessive regulation."
I think they are right on this issue. As I understand it we are moving toward London becoming the major financial center, soon to be under Islamic management.
“Sarbanes/Oxley”
Sarbox is a joke. Not as much of a joke as Reg FD.