Banks Prefer Schumer Over Sherrod Brown for Panel Chair

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http://www.bloomberg.com/news/2013-04-04/banks-prefer-schumer-over-sherrod-brown-for-panel-chair.html

Senator Charles Schumer has shown no shortage of ambition. So the New York Democrat’s silence about his possible interest in taking over as chairman of the Banking Committee worries large banks.

If Schumer were to pass on the job, one of the next Democrats in line is Sherrod Brown of Ohio, an outspoken critic of Wall Street who’s behind a move to require the largest U.S. banks to shrink. Schumer, who declined through a spokesman to comment on whether he’s interested in the post, is the Senate’s third-ranking Democrat and is seen as a potential successor to Democratic Leader Harry Reid.

“The chairmanship is Schumer’s for the taking but it seems like his aspirations are to be majority leader, and you don’t usually become majority leader by taking over the Senate Banking Committee,” said Jaret Seiberg, senior policy analyst at Washington Research Group, a unit of Guggenheim Securities LLC.

[marmar]

1. Quelle Surprise !!!

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2. i know...shocking, really. nt

[spanone]

3. i bet they do. they own him.

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4. indeed. nt

[HughBeaumont]

5. Banks and the Kochs heavily contributed to his green opponent, Josh Mandel, in the last race.

Brown, of course, won re-election running away.

Immoral Wall Street hates a do-gooder.