Entries Tagged as 'Chuck Schumer'

The Time Is Right For Upstate New York to Secede

After thinking about it long and hard, I truly think that the inevitable coronation of Caroline Kennedy to a Senate seat she doesn’t deserve is the last straw.  It is time for Upstate New York to secede from Metropolitan New York City. 

For too long our destinies have been controlled by the interests of New York City.  The welfare of Upstaters is being dragged down by the anchor that is attached to our southern border.  Some folks who comment on this post will say, “where will we get the money that is currently contributed by resident of New York City?”  Well, I say, the loss of NYC will result in more than 10,000,000 people being dropped from the population that, we, in Upstate need to care for. 

This includes this data gotten from the State Office of Temporary and Disabilities Assistance:  In September of 2008, the state paid out $66,775,067 in temporary assistance to families.  This includes $41,099,000 to 147,993 families in NYC, $1,121,937 to 28,095 in Orange County, $3,509,162 to 6,568 in Westchester County, $2,089,629 for 5,153 in Nassau County, and $2,369,180 for 6,317 in Suffolk County.  This, plus the totals of Ulster, Dutchess, Putnam, and Rockland counties totals $51,701,571 or 77.4% of what the state paid out in temporary family assistance in September to New York families.

Some other folks will question, “how would we survive without Wall St?”  We’ll have that many less problems because state economy won’t ebb and flow with bankers and investors who are drunk at the switch.  How do states like Nebraska, Kansas, the Dakotas have success without relying on the Stock Market.  With a much smaller population, New Amsterdam or South Ontario or North York (whatever we would call it) could get back to basics without having to be subservient to NYC interests.

We let our tax dollars pay for billion dollar stadiums for the Yankees and Mets.  Currently, every important state leader hails from South of the red line that is in the map above.  As much as I like Dean “Dino” Skelos, he dosen’t know the plight of the upstate population.  He’s from Long Island, and god bless him, but he’s no Joe Bruno, he’s not the one who should be carrying the torch for a forgotten minority of people in the largest sector of the state. 

Governor Paterson, Speaker Silver, Minority or Majority Leader Smith, Attorney General Cuomo, Comptroller DiNapoli, Senator Schumer, current Senator Clinton, future Senator Kennedy all are based in the New York City area.  For goodness sake, two consecutive Governors have had their offices in New York City, only coming to Albany when the photo op or business entailed.  People like Brooklyn Party Boss Vito Lopez gets a sit down meeting with Caroline Kennedy, but where’s the sitdown with her for the Democratic chairs in Niagara, Broome, or Jefferson counties?

However, these are just a few of the reasons I believe that Upstate New York needs to become the 51st State in the Union.

Media Hound Jerry Brown To Go After Media Hound Chuck Schumer?

We first reported on NY Senator Chuck Schumer’s role in the IndyMac Bank collapse in July. Now there are reports that California AG Jerry Brown, is considering a probe of Schumer’s role in the collapse. This would be a clash of media seeking titans.

According to news reports:

At issue is a much-publicized letter that Chuck Schumer, a Democrat, sent in June to the Federal Deposit Insurance Corp (FDIC) and Office of Thrift Supervision (OTS) questioning the company’s ability to survive.

The FDIC took control of IndyMac on July 11 after depositors withdrew more than $1.3 billion over 11 days. It was the third-largest bank failure in U.S. history. At the time, OTS Director John Reich blamed Schumer’s letter for causing the run on the bank.

In a letter to Attorney General Jerry Brown last week, 51 former IndyMac workers wrote: “From the day (Schumer’s) letter was made public on June 26 until the closure of the bank, a run on the bank took place and the failure became inevitable.”

Brown’s spokeswoman Christine Gasparac said on Wednesday that his office was reviewing the letter and that a decision on whether to act on it could be made as early as next week.

Just a hunch, but I don’t think there is any way Jerry Brown passes on this — imagine the media attention he would get by going after Senator Schumer. Chuckie might have other things to worry about besides his time table on RenSquare.

Schumer causes IndyMac bank run

A leaked letter that Sen. Charles Schumer (D., N.Y.) sent letters to federal Regulators asking them to more closely monitor the financial health of IndyMac, the thrift operator based in Pasadena, California, had helped create a run on that bank. Senator Schumer wrote:

Concerned that IndyMac’s financial deterioration poses significant risks to both taxpayers and borrowers and that the regulatory community may not be prepared to take measures that would help prevent the collapse of IndyMac

In the 11 days after this letter depositors removed billions of dollars from the bank. John D. Hawke, the U.S. comptroller of the currency, called the leak “reckless and grossly irresponsible.”

The Los Angles Times blog has a great post on this story.

Schumer attempts to write the story off as “Blaming the fire on the person who dialed 911″. However it must be understood that Schumer, while sitting on the Senate Banking committee has inside information on the situation. Just because he has it does not mean he should release it. If Schumer were on the board of directors of a private company and he released information on the health of a company while they were working out issues and as a result shares of the company were bought or sold based on the info, he would be indicted for insider trading.

Why would Schumer do this? Because he suffers from a situation that afflict many Democrats. The worse off things in America are the better it is for Democrats. Schumer did not think twice about doing this. He went for the political angle instinctively.