The $4 Billion Senator - WSJ.com

The $4 Billion Senator - WSJ.com

Dear Senator Schumer,

You are a smart guy, no doubt, a dedicated public servant, and generally an effective Senator, but you have one flaw that many of your constituents have long been aware of -- your need to constantly stay on TV and in the public spotlight, regardless of the relevancy and the cost. You will make your arguments that your public pronouncements about the Indymac mess were driven by your sense of public duty rather than your vanity, at incredible cost to the taxpayers and further erosion in public confidence in the financial system, but those who have followed you for these years will know the truth -- it was the result of your worst failing. If you were not out to make PR points, you would have delivered your message in private, given the severity of the crisis in confidence that has consumed our market.

As far as I am concerned, you deserve to be investigated for stock manipulation rumor mongering, just as many hedge fund guys will be.

Shame on you.