Via Paul Kedrosky, the hedgie’s Congressional testimony as a tag cloud:
Both DealBook and Clusterstock liveblogged the proceedings.
From Clusterstock:
12:15 John Carney: Paulson looks the part.
12:15 John Carney: Very nerdy. How much do you think he spent on that suit.
12:16 John Carney: His shirt fits well but the suit is a bit bunchy
12:42 John Carney: Ken breaks ranks. We don’t need more regulation.
12:43 Joe Weisenthal: Sweet. Carnage has been in the regulated areas. Fannie & Freddy, AIG.
12:43 Joe Weisenthal: Waxman: “Who cares about the facts… here’s what some academics said an hour ago”
12:43 John Carney: Ha
12:43 John Carney: Yes. Indeed. Waxman: “How dare you disrupt our theme–government must grow!”
From DealBook:
1:42 p.m. | Take a Puff: Mr. Simons, a known chain smoker, excuses himself likely to go have a smoke
1:26 p.m. | Question of Fairness: Representative Elijah Cummings, Democrat of Maryland, says that his neighbor asked him this morning: “How does it feel to be going before five folks that have gotten more money than God.” He asks the five managers if it is fair that the hedge fund managers pay less than his neighbor.
All in all, the hedgies held their own.
