Democratic Sen. Charles Schumer, one of Wall Street’s closest friends in Congress, has a message for his longtime supporters who fear the financial-sector regulation bill: Get over it. It’s going to pass.
“This is a hard position for any New York senator or representative, because Wall Street is our No. 1 economic engine. But Wall Street did a lot of wrong things,” Mr. Schumer said in an interview in his office Thursday. “For the good of New York, you need strong reform. I wrestled with this for a while.”
Full story: A Wall Street Ally Balances Loyalties – WSJ.com