The senior senator from New York seems to pay a lot of attention to California-based financial institutions like IndyMac and Countrywide. Meanwhile he backs the bailout of New York’s Bear Stearns, and urges deregulation of, and unwavering support for, Fannie Mae, the Democratic sacred cow.
I’m no fan of the current administration, but Schumer’s actions are starting to look a little bit odd to me.
