Odds are, if an airline finds a way to charge travelers yet another add-on fee, New York Sen. Charles Schumer will be close behind, expressing his displeasure. This time, the lawmaker has American Airlines’s new Basic Economy fare in his sights. [More]
charles schumer
Senator Calls On Airlines To Not Charge Extra For Access To Overhead Bins
By 12.5.16
Should fliers have to pay to access the overhead bin on their flights? One lawmaker doesn’t think so, and wants United Airlines to ditch a new lower-cost fare option that limits travelers to exactly one small carry-on item that fits under their seat. [More]
Regulators Seize IndyMac In The Second Largest Bank Failure In U.S. History
By 7.12.08
Ever hear of IndyMac Bancorp? Well, it’s gone! Federal regulators seized the California bank spawned by Countrywide founder Angelo Mozilowhich, which had giddily doled out mortgages to lenders without requiring proof of income. Rather than blame the second largest bank failure in U.S. history on the subprime meltdown, the charmingly politicized regulators at the FDIC blamed the bank’s demise on Senator Charles Schumer (D-NY). Huh?
