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Sen. Chuck Schumer: Wall Street’s Favorite Senator

- July 26, 2016

Wall Street Views Schumer's Ascension To The Top Democratic Position In The Senate As "A Boon For The Finance And Business Communities." "Chuck Schumer is set to get a big promotion -- and that's welcome news to Wall Street. … Schumer's ascension to the top Democratic position in the Senate -- and even possibly to Senate majority leader if his party regains control of the chamber -- is a boon for the finance and business communities, which have worked closely with the New York native and enjoyed his support for decades." (MJ Lee, "Wall Street Welcomes Expected Chuck Schumer Promotion," CNN, 3/27/15)

  • CNN Headline: "Wall Street Welcomes Expected Chuck Schumer Promotion" (CNN, 3/27/15)

Schumer Is Well Known For His "Incessant Wall Street Boosterism." "Few doubt that Chuck Schumer has the right resume to lead Senate Democrats. But some critics question whether he is the man for the job-given his reflexive cautiousness, incessant Wall Street boosterism and a lack of sweep in his political vision." (Ross Barkan, "Is Chuck Schumer The Right Man To Lead The Senate?," New York Observer, 5/16/15)

Critics Accuse Schumer Of Encouraging The "Wall Street Misdeeds" That Led To The "Economic Collapse." "But Mr. Schumer dodged a bullet himself. Despite having helped usher in a permissive regulatory environment that many critics believe encouraged Wall Street misdeeds and economic collapse, he remains popular; he enjoys a 'rock solid' 54 percent approval rating, according to a recent Marist poll." (Ross Barkan, "Is Chuck Schumer The Right Man To Lead The Senate?," New York Observer, 5/16/15)

Robert Kuttner, Co-Founder Of The American Prospect, On Schumer: "Progressives Have Viewed Him As An Archetypal Wall Street Democrat." (Ross Barkan, "Is Chuck Schumer The Right Man To Lead The Senate?," New York Observer, 5/16/15


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