Former Fed Chairman Paul Volcker is enjoying a surge of popularity in recent weeks as his bank regulatory plan has been championed by President Barack Obama. The 82-year-old is so hot right now that three senators on Tuesday tried to claim him as a native son.
The geographical turf war happened during a Senate Banking Committee hearing on Tuesday, prompted when Bob Menendez (D-N.J.) invited Volcker to send in his picture to add to the senator's wall of photos of "famous New Jerseyans."
Cooing about Volcker, Memendez continued, "Born in Cape May, New Jersey, married a Jersey girl. That's about as Jersey as it gets. So..."
Not so fast. Volcker also lived in New York City while working as Fed chairman, and Sen.
Charles Schumer (D-N.Y.) was quick to claim a little piece of Volcker for his
"Which state did you live [in] longer?" Schumer asked the Economic Recovery Advisory Board chairman.
"Well, as of now ... I've lived longer in New York," Volcker replied. Score one for Schumer.
But the third tri-state area representative was not to be outdone. Connecticut's Chris Dodd (D) jumped in, "But you wished you lived in Connecticut." Volcker laughed, "I wish I lived in Connecticut, exactly," he said.