Monday, December 15, 2008

Did Senator Chuck Schumer Destroy Wall Street?

The New York Times seems to think so:
“He is serving the parochial interest of a very small group of financial people, bankers, investment bankers, fund managers, private equity firms, rather than serving the general public,” said John C. Bogle, the founder and former chairman of the Vanguard Group, the giant mutual fund house. “It has hurt the American investor first and the average American taxpayer.”
As Reverend Jeremiah Wright once said, "America's chickens...are coming home to roost."