Senator Chuck Schumer just appeared on CNBC to discuss the Deutsche Boerse and NYSE Euronext deal. His thoughts? He likes it, assuming the New York name comes first, otherwise he’s going to handcuff himself to Maria Bartiromo’s desk until it happens.
Please know that this isn’t just vanity on Chuck’s part- he has reasons, three of them in fact, for why he’s right on this. They are:
1. NYSE first will reflect New York’s place as the financial capital center of the world
2. It will be better for the company
3. We need to lay down the law with these Germans right now. They need to know when you come into our house, you play by our rules!