The Next Shoe to Drop in the Financial Crisis
Special to Roll Call
In July, the Joint Economic Committee held a hearing on one of the least talked about dangers to our economy — a collapse of commercial real estate. The chairwoman, Rep. Carolyn Maloney (D-N.Y.), called it “a ticking time bomb,” the next shoe to drop in the ongoing national real estate crisis. To avoid another round of default, recession and bailout, the federal government should look to Main Street rather than Wall Street.
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Schumer Advocates for Many on Panel
Nov. 16, 12 a.m.
As Senate Majority Leader, Lyndon Johnson once said of the Joint Economic Committee, “It’s as useless as tits on a bull.” But as that panel’s chairman during the 110th Congress, Sen. Charles Schumer (D-N.Y.) seized the opportunity to elevate the traditionally low-profile post to the forefront of shaping policy. Read Full Article
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