• News

    The Perks Of Being A Hill Staffer

    “…insider-trading laws don’t apply to Congress.” [WSJ]

    / Oct 11, 2010 at 12:15 PM
  • News

    How Would Maxine Waters Question Maxine Waters About The Kevin Cohee Allegations?

    As previously mentioned, Maxine Waters has been accused of some questionably ethical dealings. The Congresswoman from California has denied that she’s violated any house rules and as a result, will take part in a public hearing rather than admitting to any wrongdoing. Naturally you can expect any hearing involving Waters to be an extremely entertaining […]

    / Aug 12, 2010 at 2:30 PM
  • News

    Hedge Fund Managers Shorting For-Profit Schools Have New Ally In Stripper Carrianne Howard

    Last Friday, Bloomberg printed a hilarious story about a girl named Carrianne Howard, who’s fallen on hard time. Currently, Howard works at a topless bar called Lido Cabaret in Cocoa Beach, Florida. But, wait, that’s not the funny part. What made the story a laugh riot was that the reporter/editor made the hugely tenuous (at […]

    / Aug 9, 2010 at 1:15 PM
  • News

    Money And Votes, Checks And Balances

    The following post is by Dealbreaker reader and commenter Infinite Guest. When Congressman Barney Frank said “money is influential, but votes will kick money’s ass any time they come up against each other,” he wasn’t referring to votes on the floor of the House and Senate, nor to the money our elected officials are paid, […]

    / Aug 9, 2010 at 12:45 PM
  • News

    Maxine Waters To Potentially Give Greatest Performance Of Her Career

    “I have not violated any House rules,” Waters said in a statement today. “Therefore, I simply will not be forced to admit to something I did not do.” Instead, the Representative from California will be taking part in a public hearing “rather than admitting to any wrongdoing.” The House Ethics Committee has said it formed […]

    / Aug 2, 2010 at 4:36 PM
  • News

    Is Congress Encouraging People To Kill Their Old/Rich Relatives?

    At least one guy says yes, though perhaps this is just an all to convenient way of blaming the government for something he’s been planning on doing all along. Funny how that happened. Advisers say the estate-tax dilemma is especially awkward for heirs. “At least in December 2009, people wanted to keep their relatives alive,” […]

    / Jul 13, 2010 at 4:09 PM
  • News

    Congress A Little Nervous About Commercial Real Estate

    Guess what? Congress is starting to worry about commercial real estate being the next shoe to drop. Again. Still. And no one is doing anything about it. Enters a group of valiant House members, who took the matter into their own hands. They wrote a letter to Timmy G. and Ben B. begging them to […]

    / Feb 1, 2010 at 3:40 PM
  • News

    Congress Would, However, Love To Boot The Beard

    As a part of our “All Beard Wednesday” programme, we would like to call your attention to a Reuters piece so bold as to compare the Fed Chairman to Clark Kent and Superman. True, the piece badly mixes metaphors, implying Superman was some kind of “swashbuckler,” and lamenting that Bernanke might lose some of “his […]

    / Aug 12, 2009 at 10:12 AM
  • News

    Congress Wants To Be A Thorn In The Side Of The Fed- Permanently

    If Ben Bernanke thought he could keep the Fed (semi)-independent of the rest of Washington, he may get a rude awakening soon. Congress is looking to provide the GAO with the authority to audit all of the Fed’s activities. The thought of greater Congressional scrutiny has to make Bernanke reach for the Pepto and hope […]

    / Jun 5, 2009 at 3:53 PM
  • News

    Even The Bunker Goes Under

    Passing by almost unnoticed today is the news that the Greenbrier, the famous White Sulphur Springs resort retreat for Congress and whose Presidential Suite has been the host of every President since Dwight Eisenhower, has slipped quietly under the dark waves of insolvency. The Greenbrier Hotel Corporation (GHC), owner of The Greenbrier resort in White […]

    / Mar 19, 2009 at 11:35 AM
  • News

    No Rest For The Wicked

    That’s you, not the CEOs, by the way. Since CSPAN has gotten back on the ball, and therefore we don’t have to watch CNBC to follow it, we continue our snide coverage: Ok guys, who believes nicotine is not addictiveyou will pay back the TARP money and need no more funds? [Everyone]: Yes, but we […]

    / Feb 11, 2009 at 3:50 PM
  • News

    SEC Replies: Madoff Hearings Part II Liveblogged

    Wow. It’s going to be hard to pull out of the mudpit left by the artillery barrage Markopolos just adjusted onto their heads, but the SEC is going to try, damnit. Written statements (which are almost universally useless) are read into the record. These consist of: Four descriptions of what the SEC does. (None compelling) […]

    / Feb 4, 2009 at 12:12 PM
  • News

    SEC AssassinationMadoff Congressional Hearings Liveblogged

    It’s Harry versus the SEC this morning, and there aren’t a lot of pulled punches. Harry: I think the losses in Europe will be bigger. The European losses are often on unreported income and won’t likely be part of the history of the scam. Harry: It took just a couple weeks for me to lose […]

    / Feb 4, 2009 at 11:15 AM
  • News

    Endless Love: Continued Liveblogging Of The Big Three

    It was pretty dull until just now: Rep. Paul Kanjorski: Hey, Nardelli, why the hell isn’t Cerberus sending you any of the $24 billion they have if you have any chance of surviving? Corker had you people figured out yesterday. You can’t survive with your present balance sheets. So what’s the story? Who dresses Nardelli? […]

    / Dec 5, 2008 at 12:10 PM
  • News

    I See What You Did There

    Remember, not too long ago, how much noise Congresscritters were making about “rewarding irresponsible investment bankers”? Well, CNBC has come full circle today. After The Beard was prodded after bailing out state and local governments, since we are in the bailout mood, you just knew that CNBC was going to ask why we are rewarding […]

    / Oct 20, 2008 at 12:13 PM
  • News

    Shortages You Never Expected

    You are certain that the credit crisis is cutting into normal life when you tune to CNBC and see Rosa DeLauro (D-CT) ranting from the podium of the House Committee on the Budget. You know that things are way off kilter because there simply must be a very severe shortage of lithium and chlorpromazine in […]

    / Oct 20, 2008 at 11:11 AM
  • News

    Professor Beard Is Back

    Lecturing Congress like a Monday morning professor, again. Ugh. I think I am detecting a pattern here. A droning, dense lecture that bores the markets into a placid, dumb calm. I used to think him annoying lacking in initiative. I mean, he’s telling them what TARP is again, and what it will do. But, considering […]

    / Oct 20, 2008 at 10:11 AM
  • News

    What Happened Around 11:30?

    Oh yeah. Chart after The Jump.

    / Sep 23, 2008 at 1:55 PM

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