Darrell Issa

  • News

    Congressmen Stumble On Sure-Fire Insider-Trading Cure

    If the SEC is going to be all holier-than-thou re: matters insider-trading, two Congressmen want to know why it doesn’t bar its employees from trading any stocks at all. You know, to be sure.

    / May 2, 2014 at 3:57 PM
  • gensler-260x146

    News

    No One Taught Gary Gensler How To Use His BlackBerry

    The (outgoing) CFTC chairman is a conscientious public servant who’s somewhat technologically challenged. And since he missed the introductory meeting on accessing his work e-mail from home (also one on the Federal Records Act), he simply had to trudge over to his 12-year-old Dell desktop and handle Commission business via his dial-up AOL account—not because […]

    / Sep 11, 2013 at 2:59 PM
  • The letter is very good, you can tell that someone at the SEC had fun writing it and then someone else had less fun editing it to remove things like "look you pinhead, ..."

    News

    SEC Not Going To Let Bankers And Research Analysts Nod Hello To Each Other In The Hallway Just Because Congress Told It To

    The SEC had a feisty week last week, telling off Congress with cheery abandon. Darrell Issa sent them a pretty crazy letter a few months back demanding that all IPOs be Dutch auctions for some reason, and last week Mary Schapiro sent him a deeply researched 32-page letter telling him, with appropriate condescension, that that […]

    / Aug 27, 2012 at 6:08 PM
  • News

    Car Alarm Salesman Alarmed By Stock Sales Practices

    I recommend reading this letter from Darrell Issa and friends to the SEC about reforming IPO practices, it is a nice mix of boring and thought-provoking and subtly crazy. The basic intuition here is (1) it is weird and un-American that IPO prices are set by the judgment and good graces of investment banks rather […]

    / Jun 21, 2012 at 12:10 PM
  • News

    Being Elected To Congress Continues To Be A Pretty Good Wealth Maximization Strategy

    In these volatile times it helps to have role models to steer you through economic uncertainty, wise investors who you can look to when your faith in markets is shattered. And that sort of wisdom is hard to find right now, what with John Paulson continuing to trip over his own feet and George Soros […]

    / Aug 19, 2011 at 1:26 PM
  • News

    Darrell Issa Is Hip To John Paulson’s Tricks

    In 2007, John Paulson’s hedge fund donated $15 million to the Center for Responsible Lending. The money was used “exclusively to provide legal assistance to people facing foreclosure to help them stay in their homes.” Charity, helping those less fortunate, etc is something rich people sometimes do, either to help their image or because they’re […]

    / Jun 4, 2010 at 2:35 PM
  • News

    Darrell Issa Is Not Finished With Tim Geithner

    Timmy G’s tormentor-in-chief Rep. Darrell Issa will get to the bottom of that whole AIG saga, believe you me. Issa sent yet another letter to Bernanke yesterday, asking him to turn over all Fed documents related to the AIG bailout and its credit-default counterparties. Apparently those 250,000 pages they already turned in don’t reveal anything […]

    / Feb 18, 2010 at 5:00 PM

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