House Moves To Gut Derivatives Regulations Again

By: Tuesday May 7, 2013 10:32 am

Noted Wall Street ski buddy and House Financial Services Chairman Jeb Hensarling is moving to re-deregulate derivatives by gutting the Dodd-Frank Act. Apparently one financial crisis this century is not enough for Hensarling and friends as the House today is marking up a slew of bills to help Wall Street avoid derivatives oversight. The Committee [...]

House Financial Services Chairman Jeb Hensarling Goes Skiing With Wall Street

By: Wednesday May 1, 2013 7:28 am

Race you to the bottom. House Financial Services Chairman Jeb Hensarling decided to take some of his constituents with him on a ski trip, no not the people of Texas’ 5th congressional district, Hensarling’s real constituents, Wall Street. In January, Rep. Jeb Hensarling, R-Texas, ascended to the powerful chairmanship of the House Financial Services Committee. [...]

Maxine Waters Easily Attains Ranking Democratic Spot on House Financial Services

By: Tuesday December 4, 2012 3:17 pm

On both sides of the Capitol, there was news on the committee that holds oversight responsibilities over Wall Street today. In addition to Elizabeth Warren getting her spot on the Senate Banking Committee, Maxine Waters assumed the spot of ranking member on the House Financial Services Committee. Here’s her statement: I am deeply humbled to [...]

Geithner Raked Over the Coals in House Committee About Libor

By: Wednesday July 25, 2012 9:35 am

Tim Geithner is testifying before the House Financial Services Committee on a number of issues today. It looked like he would skate by without questions on the Libor scandal until Scott Garrett, an unlikely source, tore into him: Garrett’s anger was different. Why? Because he was most upset that Geithner had four years, and meeting [...]

On CNBC, Hensarling Talks Down Deal on Super Committee He Co-Chairs

By: Wednesday November 16, 2011 6:58 am

This article planted by Republican operatives looking to absolve their party of blame for failure on the Super Committee suggests that the rank and file are being persuaded to accept tax increases as part of an overall deal. The entire premise of the article is wrong, because it posits as a “tax increase” a deal [...]

Another Occupy Wall Street Win: Super Committee Quietly Failing

By: Tuesday November 8, 2011 6:57 am

When the President said he would “pivot to jobs” after the debt limit deal, I was skeptical, mainly because there was this Super Committee hanging out there that would be the subject of much consternation, negotiation and debate. That focus would get in the way of the jobs agenda and the attempts to pass the [...]

Super Committee Members Aren’t Interested in “Going Big” on Deficit Reduction

By: Thursday September 15, 2011 9:35 am

You may have noticed that the only politicians in Washington wanting the Super Committee to “go big” on the deficit are politicians who aren’t on the Super Committee. The Hill finds a member of the aforementioned committee willing to acknowledge that the plan is to go small. The key lawmaker, who spoke on condition of [...]

Super Committee Holds Perfunctory First Meeting

By: Thursday September 8, 2011 10:26 am

The Super Committee, what we’ve been calling Catfood Commission II, held its first meeting today. There wasn’t much on the agenda, just the internal governing rules of how the committee will proceed, under the direction of co-chairs Patty Murray (D-WA) and Jeb Hensarling (R-TX). Both sides are talking about compromise and the need for action, [...]

Republicans Choose Their Interchangeable Parts for Catfood Commission II

By: Wednesday August 10, 2011 9:30 am

There were no real surprises among the choices made by John Boehner and Mitch McConnell for the Catfood Commission II. It’s perhaps interesting to note that Paul Ryan didn’t make the cut, but I guess Boehner figured that he’s toxic and therefore not a good face to put on the committee. Instead, Boehner picked two [...]

Biden, Supposed to Be Lead Negotiator on Continuing Resolution, Headed to Europe for a Week

By: Sunday March 6, 2011 9:03 am

Good thing the White House is taking the imminent government shutdown so seriously. President Obama designated Joe Biden as his lead negotiator with Congress on a long-term plan to set spending for the rest of the year. They had a meeting Thursday, and I’m not certain they followed up on Friday. And now, Biden’s headed [...]

Republicans Take Credit for Jobs Report

By: Friday March 4, 2011 10:36 am

It was inevitable and not really even worth rebutting that Republicans are somehow taking credit for today’s decent February jobs report. Before I introduce you to their argument, let’s go over the three (3) bills that have passed since Republicans came into control of the House: 1) renaming a courthouse in Arizona after John Roll, [...]

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