House Moves to Gut Derivatives Regulations Again

By: Tuesday May 7, 2013 2:55 pm

Noted Wall Street ski buddy and House Financial Services Chairman Jeb Hensarling is moving to re-deregulate derivatives by gutting the Dodd-Frank Act. Apparently one financial crisis this century is not enough for Hensarling and friends as the House today is marking up a slew of bills to help Wall Street avoid derivatives oversight.

The Committee on Financial Services will meet in open session to mark up the following measures:


House Financial Services Chairman Jeb Hensarling Goes Skiing With Wall Street

By: Wednesday May 1, 2013 8:30 am

Race you to the bottom. House Financial Services Chairman Jeb Hensarling decided to take some of his constituents with him on a ski trip, no not the people of Texas’ 5th congressional district, but rather Hensarling’s real constituent, Wall Street.

Maxine Waters Easily Attains Ranking Democratic Spot on House Financial Services

By: Tuesday December 4, 2012 5:30 pm

On both sides of the Capitol, there was news on the committee that holds oversight responsibilities over Wall Street today. In addition to Elizabeth Warren getting her spot on the Senate Banking Committee, Maxine Waters assumed the spot of ranking member on the House Financial Services Committee.

House Committee Rakes Geithner Over the Coals About Libor

By: Wednesday July 25, 2012 11:05 am

Tim Geithner is testifying before the House Financial Services Committee on a number of issues today. It looked like he would skate by without questions on the Libor scandal until Scott Garrett, an unlikely source, tore into him. And it got worse.

On CNBC, Hensarling Talks Down Deal on Super Committee He Co-Chairs

By: Wednesday November 16, 2011 9:17 am

An article planted by Republican operatives looking to absolve their party of blame for failure on the Super Committee suggests that the rank and file are being persuaded to accept tax increases as part of an overall deal. The entire premise of the article is wrong, because it posits as a “tax increase” a deal that would cut taxes by $3.3 trillion

Well they know their opponent

By: Wednesday November 16, 2011 1:30 am

Who could have anticipated Republicans on the Super Committee basing their no-compromise position upon past Democratic performance?   Republican co-chair Jeb Hensarling…claimed that if the committee recommended even a dollar of new net tax revenue — the kind of revenue Dems are demanding — it would constitute a step in the wrong direction. He said [...]

Another Occupy Wall Street Win: Super Committee Quietly Failing

By: Tuesday November 8, 2011 8:15 am

The Occupy Wall Street movement has succeeded in changing the focus of Washington’s economic attention from deficit and debts to questions of economic justice and jobs. The President’s pivot to jobs hasn’t gotten a single jobs bill through Congress, but the changed conversation has killed the momentum of the Super Committee and created predictions of its failure.

Social Security Works’ Alex Lawson Talks Super Committee Stupidity on C-Span

By: Monday October 24, 2011 2:25 pm

Alex Lawson from Social Security Works answers questions about Social Security and the shameless secrecy and misplaced priorities of the Congressional Super Committee charged with reducing deficits.

The Super Congress And Its Unnamed Donors

By: Monday September 19, 2011 2:20 pm

Supreme Court Justices tell us not to worry, the invisible hand of the market of ideas will work to our advantage. Now, ignore that man behind the curtain with those bags of unearned and untaxed cash.

Super Committee Holds Perfunctory First Meeting

By: Thursday September 8, 2011 3:21 pm

The Super Committee, what we’ve been calling Catfood Commission II, held its first meeting today. There wasn’t much on the agenda, just the internal governing rules of how the committee will proceed, under the direction of co-chairs Patty Murray (D-WA) and Jeb Hensarling (R-TX). Both sides are talking about compromise and the need for action, but a lot of that talk can be dismissed as empty. The fault line that’s starting to emerge is over whether job creation strategies should be part of the Super Committee’s work.

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