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Today's arrest of major Democratic fundraiser Hassan Nemazee on fraud charges is big, big news--few people loomed larger in the world of political money. Nemazee was a major fundraiser for the Clintons and, to a lesser extent, Barack Obama, and put large sums into Democratic efforts to win back Congress. So it's interesting to note (although the Times story does not), that the guy who busted Nemazee, Preet Bharara, the recently arrived United States attorney for the Southern District of New York, is the former chief counsel for New York Senator Chuck Schumer, who is to Democratic fundraising what Tiger Woods is to golf.

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Joshua Green is a former senior editor at The Atlantic.

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