As the financial crisis jolted the nation in September, Senator Charles E. Schumer was consumed. He traded telephone calls with bankers, then became one of the first officials to promote a Wall Street bailout. He spent hours in closed-door briefings and a weekend helping Congressional leaders nail down details of the $700 billion rescue package.

The next day, Mr. Schumer appeared at a breakfast fund-raiser in Midtown Manhattan for Senate Democrats. Addressing Henry R. Kravis, the buyout billionaire, and about 20 other finance industry executives, he warned that a bailout would be a hard sell on Capitol Hill. Then he offered some reassurance: The businessmen could count on the Democrats to help steer the nation through the financial turmoil.

 “We are not going to be a bunch of crazy, anti-business liberals,” one executive said, summarizing Mr. Schumer’s remarks. “We are going to be effective, moderate advocates for sound economic policies, good responsible stewards you can trust.”

The message clearly resonated. The next week, executives at firms represented at the breakfast sent in more than $135,000 in campaign donations.

 He succeeded in limiting efforts to regulate credit-rating agencies, for example, sponsored legislation that cut fees paid by Wall Street firms to finance government oversight, pushed to allow banks to have lower capital reserves and called for the revision of regulations to make corporations’ balance sheets more transparent.

At times in Congress, Mr. Schumer has teamed up with Republicans, like former Senator Phil Gramm of Texas, who aggressively promoted a free-market agenda. Mr. Schumer pushed for the Gramm-Leach-Bliley law, passed in November 1999, which knocked down the walls between investment banks and commercial banks and allowed financial supermarkets to flourish.The law also weakened regulatory oversight by fracturing it among different agencies.

– From The New York Times article: A Champion of Wall Street Reaps Benefits

Great way to start off the new year for the Democrats. New Senate Minority leader, and Wall Street mega-defender, Chuck Schumer just went on Rachel Maddow’s MSNBC show and warned Donald Trump that U.S. intelligence agencies could retaliate against him for disagreeing with their claims (based on no public evidence thus far) that Russia hacked the DNC/John Podesta and released it to Wikileaks with the intent of helping Trump win the election.

Here’s what he said courtesy of The Washington Examiner:

The new leader of Democrats in the Senate says Donald Trump is being “really dumb” for picking a fight with intelligence officials, suggesting they have ways to strike back, after the president-elect speculated Tuesday that his “so-called” briefing about Russian cyberattacks had been delayed in order to build a case.

“Let me tell you: You take on the intelligence community — they have six ways from Sunday at getting back at you,” said Senate Minority Leader Chuck Schumer Tuesday evening on MSNBC after host Rachel Maddow informed him that intelligence sources told NBC news that the briefing had not been delayed.

read more:

http://www.zerohedge.com/news/2017-01-04/did-chuck-schumer-just-thr...

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I do NOT watch msnbc they're all Extreme Left-Wing Liberals and Pathetic Pathological Liars with their FAKE news!!

It's distasteful to watch Chuck Schumer speak. He's such a lying sleeze that you feel like taking a shower to clean yourself after listening to him.

The head clown is ranting and threatening again...DRAIN the SWAMP have any meaning to you, Chucky? Those departments can be drained of all the corrupt Demonazis and replaced with intelligent cyber techs. Obviously, you Demonazis have done nothing to protect the USA in the 8 years OWEbama was in office as proven by all the hacking since 2008...

The senate must be very careful not to step on any roaches..., now.

It saddens me to think this man actually believes that people take him seriously. He needs to step back and STFU. The intelligence community is part of the US government. This is not the playground little Chucky. They will work with the new administration to protect our country. Obama has enlisted the talents of spy's and idiots that have no reason being in intelligence. That is where our problem lies.

Chuck Schumer claimed to be a friend of Donald Trump.  Then he had a TV camera put in front of him and he suddenly became a friend that bears watching.  I am afraid he will become a major obstacle to any progress for Trump and the people of America.  However, his threat comment should be taken as a warning as I believe this may be true. The Government is no longer responsive to the people or the constitution and has become the ruling elite.  Therefore, it is past time to "clean the swamp". Term Limits need to be considered as a good start to get rid of the professional politicians who are no longer responsive to the people. There are a very few exceptions to this type of politician who should be supported.

that was a threat and he is going to get hammered.

Chucky Schumer hasn't gotten the memo yet that what he has to say carries less weight then a ballon filled with hot air ! Your party lost big time Chucky and not just in the White House and the US Congress but across the nation . 

A huge majority in Schumer's district voted him back in office. Goes to show you what nasty filthy self centered evil bastards live in that city. I wouldn't feel the least bit bad if he were to drop dead tomorrow.

I live in NYC and I agree with you. This city is controlled by JEWS. They the Dems will always control this city. To many Jews in this city

Yes, the progressive nasty filthy parasitic Jews actually have had a death grip on the whole state, the whole country, most of the world. The Russians are tried of them in power for several decades. Look who controls the DNC, the whole Leftist movement for decades now.

Hey chuckieboy, YOU better learn how to shut the f*ck up, you can be easily replaced, and WILL be if you continue your bullsh*t!

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Political Cartoons by AF Branco

ALERT ALERT

Joe Biden Vows: Give Taxpayer-Funded Obamacare To All Illegal Aliens In U.S.

Former Vice President and 2020 Democrat presidential primary candidate Joe Biden is vowing to give Obamacare, funded by American taxpayers, to all 11 to 22 million illegal aliens living in the United States.

During an interview with Telemundo’s Jose Diaz-Balart, Biden forgot that Obamacare technically bans illegal aliens from enrolling in healthcare plans — although illegal aliens are still able to obtain subsidized and free healthcare at Americans’ expense — and promised that under his plan, all 11 to 22 million illegal aliens would be able to get Obamacare.

The exchange went as follows:

DIAZ-BALART: When I … NBC moderated that first debate with you, I didn’t … I don’t recall a clear answer, under your plan should … would the 11, 12 million undocumented immigrants that live in the United States, that have been here many for generations, would they have access …

BIDEN: Yes.

DIAZ-BALART: — to health insurance.

BIDEN: Yes, they … if they can buy into the system like everybody else.

DIAZ-BALART: Because you know, in [Obamacare] they can’t.

BIDEN: Yeah. Yeah, I know. Well they can, that’s my point. They continue to be able to do that.

DIAN-BALART: They cannot under the ObamaCare.

BIDEN: Well and that’s my point, they will though. They will be able to buy into … [illegal aliens] would be able to buy in, just like anyone else could.

Biden joins Sen. Bernie Sanders (I-VT), Sen. Elizabeth Warren (D-MA), and South Bend, Indiana, Mayor Pete Buttigieg — among other 2020 Democrats — in committing to forcing American taxpayers to pay for healthcare for illegal aliens who arrive in the U.S.

Already, due to loopholes, American taxpayers are spending nearly $20 billion every year to provide illegal aliens with subsidized healthcare, emergency room visits, and other health services.

Under the 2020 Democrats’ plan to provide taxpayer-funded healthcare to all illegal aliens living in the U.S., Americans would be billed potentially $660 billion every decade just to cover the costs. Other research has found that the plan would cost Americans at least $23 billion every year.

As Breitbart News has reported, experts have said that giving taxpayer-funded healthcare to effectively all foreign nationals who can make it to America’s borders would drive “strong incentives for people with serious health problems to enter the country or remain longer than their visas allow in order to get government-funded care.”

Despite 2020 Democrats’ continued push for taxpayer-funded healthcare for illegal aliens, American voters are overwhelmingly opposed to the plan. The latest Wall Street Journal/NBC News survey revealed that the healthcare-for-illegal-aliens plan is the least popular policy position, with opposition from 62 percent of U.S. voters.

Similarly, a CNN poll from July discovered that 63 percent of likely swing voters oppose providing healthcare to illegal aliens, along with nearly 6-in-10 of all likely U.S. voters and 61 percent of moderates. A Rasmussen Reports survey also found that likely voters, by a majority of 55 percent, oppose giving healthcare to even the most low-income illegal aliens.

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