Sen. Chuck Schumer (D-N.Y.) Monday led a long list of officeholders and groups expected to give up more than $430,000 in political contributions from Bernie Madoff and his family.
“My money, I’m returning,” Schumer said. The $6,000 Madoff gave him over the years would be sent to charity, he said.
The $100,000 Madoff donated to the Democratic Senatorial Campaign Committee, run by Schumer until last month, should also be returned, but “that is their decision,” Schumer said.
President-elect Barack Obama received at least $2,800 in Madoff money, Sen. Hillary Clinton (D-N.Y.) $4,600 and other politicians lesser amounts, including $1,000 each to Reps. Charles Rangel (D-Manhattan) and Vito Fossella (R-S.I.).
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Thats good, I have always thought Chuck Schumer a honest politician if there is one! He’s hard hitting and I don’t agree with him much but thats the way politics are and should be! Now now did I say something good about a democrat? Barack and Hillary and the others should give back their money as quick as possiable!
On the Schumer News front, this from an NYT article on his running interference for Wall Street
‘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.”
Now, my hunch is that these were all reasonable changes, but it’s good to remind the Barney Frank Marching Band that a powerful Dem was behind some of the deregulation they like to blame for the financial meltdown.