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The House Financial Services Committee Starts A Blog, Wants To Entertain You

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Earlier this morning, the House Financial Services Committee unveiled a new website that includes 1) a place to comment on legislation 2) a handy form for anyone who knows of someone up to no good found under the section "You Blow The Whistle" and 3) a blog called The Bottom Line. Here's what they had to say in their inaugural post.

We hope this blog will inform its readers about the ongoing debates surrounding financial services issues. We hope this blog will make people think. And finally, we hope this blog will make people want to read it...We will bring to your attention what we think is important and interesting. We will post what we’re reading and what we’re thinking. We will post short reaction pieces and longer thought pieces. We will blog about ideas and policies that we support and that we don't support. We will try to entertain. Most importantly, we will try to engage our readers.

As a brand new blog, the editors of the site may be initially unsure what people might find entertaining. I think everyone here will agree when we say that this thing has the potential to be wildly successful if an only if the following two simple words/one big suggestion are taken to heart: MAXINE WATERS. Maxine Waters podcasts. Maxine Waters' midday pearls of wisdom. Maxine Waters' Lunch. The Max Cam.

Or just more of this. Please God, more of this:

House Financial Services Blog [FS via NetNet]


Third Point Starts Blog Exclusively Devoted To Yahoo Proxy Battle

Have you lately been feeling like there's something missing from your daily internet readings? You've got your food blog, your sports blog, your general business blog, your politics blog, your blog about men who look like old lesbians and so on and so forth but there remains a topic you've yet to find a site writing exclusively about? And that topic is the specific changes that Yahoo! needs to make lest it end up consigned to the scrap heap of corporate history, which it will unless it listens to every damn word a certain activist shareholder has to say? Today is your lucky day. Third Point has launched Value Yahoo, a blog for people who "support change and a better future for Yahoo" (a future in which Yahoo is "the destination for news, entertainment, and enjoyment for users and their friends"). No longer will you be forced to scrounge around the internet looking for articles about what Dan Loeb and Third Point are thinking and feeling re: Yahoo. Yesterday, you might have missed Loeb telling YHOO Chief Executive Officer Scott Thompson he's a god damn fool for not appointing naming DL or any of his nominees to the board. Today, on VY, it's all there. Filings. Posts. Videos about how much Yahoo sucks. Polls to gauge public opinion on whether it sucks a little or sucks a lot. So far no proxy fight tee-shirts to be had but perhaps if enough people like the site on Facebook they'll think about it.

Meredith Whitney Not Worried About Jamie Dimon's Ability To Handle House Financial Services Committee, Unlike Some Chief Executives She Knows

As you may have heard, later today Jamie Dimon will once again testify on Capitol re: a certain whale's multi-billion dollar losses. Unlike last week's hearing, conducted by the relatively reasonable Senate Banking Committee, this time Dimon will face questions and screeching from the relatively bat-shit House Financial Services Committee, a group of people we hope will not hold back. Yet despite the HFSC's history of making witnesses look good, not matter how egregious their offense, by conducting inquiries in a manner that would suggest recreational bath salts abuse by the Congressmen and women, Bloomberg's Tom Keene expressed worry earlier this morning about Dimon's ability to navigate the hearing.  Would today be "tougher" for the JPM chief, Keene asked Bloomberg TV Surveillance guest Meredith Whitney? According to the analyst, Dimon be more than fine and while we're on the subject, not that you asked, she can think of another bank CEO who'd crack under Congressional questioning on account of the fact that he doesn't have eyes you could get lost in. So, 1. How dare you, lady? Lloyd's impish smile and comedic timing don't do it for you? And 2. We thought these kind of blows were reserved for Vikram. Banking Industry Must Reinvent Itself, Says Whitney [Bloomberg TV] Related: Meredith Whitney Cannot Stress Enough How Little She Thinks Of Citigroup