"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 an "adjudicatory subcommittee" to deal with the matter/hold the showdown, and while at this time they probably do not have plans to consider allow Waters to question herself, I think it's most certainly something that should be considered. Honestly. Just take a moment to imagine the fireworks of Waters on Waters. They could sell tickets and make it a pay-per-view event. Don't say no, just say maybe, and get a taste of what could be.
Jamie Dimon To Be Asked Why He Was Running JPMorgan Like SeaWorld, Hopefully
If we're being totally honest, while it had its moments, last week's Jamie Dimon Congressional hearing to discuss Whale Boy was a bit of a letdown, theatrically-speaking. This was probably due in large part to the fact that it was conducted by the Senate Banking Committee, and the Senate typically comes off intelligent and reasonable compared to the House,* and proceeded accordingly. As we surely don't have to tell you, this is not the kind of hearing we are interested in. We are interested in hearings that involve Congressmen and women screaming "I CAN'T BELIEVE YOU HAVEN'T BEEN PROSECUTED YET!!!" at financial services employees and accusing them of dressing up as Girl Scouts in order to deceive the public. We are interested in hearings that involve the use of the term "smart-alecks." We are interested in hearings that involve subjects being told to be more like Magic Johnson. We are interested in hearings that involve subjects who've never worked for Goldman Sachs being grilled until they break about working at Goldman Sachs. We are interested in hearings that involve bath salts, or the suggestion that the people conducting it have taken a bunch of them and at any moment might leap across the dais to eat the witness's face off. Fortunately, we might get the chance for all that and more tomorrow, when Dimon makes another trip down to D.C. to appear before the House Financial Services Committee to talk whales. In House Testimony, Dimon Sticks To Script [Dealbook] *Make no mistake, most of them fell short of becoming Rhodes Scholar Quarterfinalists, but we're speaking in relative terms here.