Maxine Waters Appointed Top Democrat on House Financial Service Committee

Tony Lee Big Government 5 Dec 2012

On Tuesday, House Democrats unanimously selected Rep. Maxine Waters (D-CA) to be the top Democrat on the House Financial Services Committee.

Waters will be the ranking member on the committee that deals with banking issues. Last year, the House Ethics Committee investigated Waters, one of the most […]

Committee: Dodd-Frank compliance to cost private sector 24 million man-hours per year

Matthew Boyle The Daily Caller 4/16/2012

The House Financial Services Committee plans to release a new Web resource aimed at tracking the regulatory burden of the Dodd-Frank financial overhaul Congress passed in 2010. The “Dodd-Frank Burden Tracker” is set to measure how much of a negative effect the legislation will have.

According to a release […]

Maxine Waters ethics case: 6 committee members recuse selves

Richard Simon The Los Angeles Times 2/17/2012

The tumultuous ethics case against Rep. Maxine Waters, one of Los Angeles’ most enduring politicians, took another strange turn Friday as six members of the House Ethics Committee recused themselves from considering the charges against her.

Committee Chairman Jo Bonner (R-Ala.) said that all five of the panel’s […]

Former MF Global Chief Risk Officer Sacked For Doing His Job, Disagreeing With Corzine

Tyler Durden Zero Hedge 2/2/2012

Yesterday we noted how a CBO analyst may have been terminated for her conflicting views on model assumptions, especially when they veered away from the Wall Street-defined norm. Today, we find that the same approach to dissent may have been the reason why MF Global ended up taking inordinate risk, […]

Barney Frank to Retire From Congress

Jessica Taylor NationalJournal 11/28/2011

Rep. Barney Frank, one of the most influential liberal lawmakers of his generation, announced that he is not seeking a 17th term in Congress next year, his office said in a statement. Frank will make his announcement at the Newton City Hall this afternoon.

The Massachusetts Democrat, first elected in 1980, […]

Boehner: Congress Will Review SEC Probe of S&P

Newsmax 4 Oct 2011

House Speaker John Boehner told Newsmax Tuesday that congressional committees will review the Securities and Exchange Commission’s recent decision to notify Standard & Poor’s that it may face an enforcement action and serious legal penalties over ratings it offered on collateralized debt obligation bonds.

Asked whether the House would probe whether […]