Posts tagged as:

Congress

From the "Stories That Aren't Getting Nearly Enough Attention" file

May 5, 2010

On page A4 of Monday's paper, the WSJ revealed that Congress Members Bet on Fall in Stocks: In February, Sen. Johnny Isakson (R., Ga.) argued on the Senate floor that "we don't need those speculating in the marketplace to take unfair advantage of the values of equities that are owned by Americans all over this country […]

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Credit cards and loaded guns: another day in politics

May 21, 2009

I think I've seen something like this on late night TV: Congress has a new bill which overhauls credit card regulations... and they're throwing in relaxed gun control, absolutely free (but only if Obama signs right now)! Indeed, the latest fiasco out of Washington is a rushed so-called consumer protection plan, which has a second […]

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Why we are doomed

March 26, 2009

We elect people like this to our Congress: Just look at Geithner's face! Utter bewilderment that this woman is actually going have a say regarding his plan. She obviously doesn't understand the plan; she doesn't know what she's asking; and most critically - she doesn't comprehend the significance of his answers! The fact that Geithner has […]

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Just answer the questions, Mr. Chairman

February 12, 2009

Barney Frank (D - MA) is the chairman of the House Financial Services Committee, which means he plays quite a role in analyzing the meltdown of 2008.  Yesterday, he led the interrogation of the bank CEO's.  Today, Caroline Baum's Bloomberg column hypothesized what would transpire if the situation were reversed: Chairman Frank, on July 14, 2008, you made […]

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A Few Greedy Men

February 11, 2009

Classic email I received from R (and if you don't know, now you know): I picture the following dramatic scene unfolding later today: Barney Frank: What did Paulson tell you? Ken Lewis: [stonefaced] Barney Frank: WHAT DID PAULSON SAY TO YOU IN YOUR MEETING IN MID-DECEMBER? Ken Lewis: You want answers? Barney Frank: I think […]

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