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While I find it encouraging that the Senator's letter seems to intelligently capture the crux of the controversy, I have to wonder if there isn't something slightly more pressing that Senator Schumer should be looking into.
I agree with what you say. I really hope that law makers dont always want to be law enforcers. Let enforcement be done by the concerned.
Better this than releasing letters that triggered a fatal run on a bank (http://en.wikipedia.org/wiki/IndyMac#IndyMac:_Collapse).

Semi-side note: if you were to bet today, he's going be the Senate Majority Leader in 2011 (based on the assumptions that Harry Reid will lose reelection but the numbers aren't there for the Republicans to gain a majority in the Senate).

Some of these senators are becoming real twats in getting caught up in what are frequently high-vis, low-impact issues.