But Sen. Charles E. Schumer said the company has assured him the center will remain open “for the long term” and called the decision “a huge victory for the Finger Lakes and Western New York…”

You know, Chuck Schumer, powerful member of the Senate Finance Committee and long-time defender of Wall Street interests. Think he had something to do with that?

Schumer, a Democrat who serves on the Senate Banking Committee, met last February with Jamie Dimon, JPMorgan’s chief executive officer, to urge the company to make a long-term commitment to the center.

Wink wink. Just a couple of examples of how the too-big-to-fail boys throw their weight around.

That Jamie Dimon, he’s a savvy political guy. No wonder there was (incredibly) talk of making him Treasury Secretary.

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Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu. Follow him on Twitter at @ryanchittum.