Sen. Schumer walks a fine line on regulatory reform

Sen. Charles Schumer, D-N.Y., is backing regulatory-reform legislation that would tighten oversight of Wall Street firms. The move is an about-face for Schumer, who has long been seen as a champion on Capitol Hill for his hometown industry. "There are some on Wall Street who want me to say Wall Street [is] right or wrong, and I'm not going to do it," Schumer said.

View Full Article in:

New York Times (tiered subscription model), The · Wall Street Journal, The

Published in Brief: