You have to give Chuck Schumer credit. He is trying to solve New York and the country's problems as fast as possible and he is consistent. A day after calling for more money for struggling dairy farmers and more money for flood victims in Western NY, Schumer has a plan to avoid a Bernie repeat.
"A major part of the SEC's problem is that its annual budget is lacking in resources," said Schumer, a senior member of the banking committee that oversees the SEC.
"I am proposing that we fundamentally alter the way the SEC is funded ... I am introducing legislation next week, when we get back to Washington, so the SEC can use fees from institutions it regulates to fund its necessary operations."
Who cares if there is an expensive tie that binds the three plans together? Maybe Chuck took a look at what's going on in Yankee Stadium this season and figured if throwing money at a problem works for Joe Girardi, it could work for the entire nation. But if history is any guide, given that King Ponz was once reportedly on the short list to head the SEC, Schumer better be satisfied going 2 for 3.