March 20, 2025 • 11 mins
Doge exposes waste at its finest! Chris Markowski rages over the Federal Mediation and Conciliation Service (FMCS)—a 9-story K Street tower for 60 employees, most working from home, with luxury suites and taxpayer-funded perks. Luke Rosiak’s Daily Wire exposé reveals it all. www.watchdogonwallstreet.com
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Those just taking on the demons, I kid, you're not.
They're doing the lord's work. They really are. I want
to highlight something here. We haven't really done much as
of late. We did for a while a lot of
the waste and the fraud, and again, this is going
to make your blood boil. I'm just warning you right now.
You know, here you go, you know, trigger warning, whatever
(00:38):
you want to call it. If you're not upset, if
you're not disgusted by what we're about to report to you,
there's something wrong with it. You're either a part of this,
either you are well, either that you're a member of
a cult, or you're a member of the parasite class,
one or the other. This is the thing that bothers
(00:59):
me a great deal is again the fact that how
both the left and the right can't come together and
say this is gross, this is disgusting. What could we
all this waste, all this form, What we could do
with this. And again I'm sure Republicans have their ideas
of what they could do with it, whether return to taxpayers.
Sure Democrats can say that's wasteful, and we can use
(01:20):
it to spend you know, whatever type of you know,
help you want to give to whatever group it may be.
But this is disgusting, it really is. Donald Trump just
eliminated this past Friday the Federal Mediation and Consolation Service.
(01:42):
What the hell is that? F m c S. And
I'm gonna give kudos to Luke Rosiak from The Daily
Wire who did his homework on this story. The Federal
Mediation and Consolation Service FMCS, they had a nine story
office tower on K Street in Washington, d C. Nine
(02:06):
stories for sixty employees, most of which worked from home,
and they worked from home prior to the pandemic. The
managers at the FMCS had luxury suites with full bathrooms.
(02:30):
One manager would often be in the shower when she
was needed, while another used her bathroom as a cigarette lounge.
FMCS recorded its director as being on a year's long
business trip to DC. Wow, yeah, was on a business
(02:50):
trip to DC. This is so the director could have
all of his meals and living expenses covered by you
and I, You and I simply by showing up to
the office. Again, You're okay with this, Leftists, You're okay.
Have no problem with this. Mother, don't bother you at all?
(03:13):
Or maybe you don't. You really don't. You know, you
don't pay income tax? You don't, you know, no skin
off your back. The FMCS is a two hundred and
thirty employee agency that exists to serve as a voluntary
mediator between unions and businesses. Basically, it is meat, does nothing,
(03:35):
does nothing. As a quote independent agency, It's director nominally
reports to the president, but the agency is so small
that in fact there is no oversight at all. Luke
Rosiak spent a year investigating the agency and found all
sorts of violations, self serving violations, hiring, pay contracting, purchase
(03:59):
card rules. One thing he could not discover is why
the agency actually existed. Again, the bobs, what exactly do
you say you do here? The only reason for its
existence was to provide luxurious lifestyles for its employees, endless
(04:20):
junkets to resort destinations, which employees openly used to facilitate
personal vacations. They were justified as building awareness of the
agency in the hopes that someone would actually want to
use its voluntary services. Okay, basically they the agency existed
(04:42):
to benefit those on the payroll and really nothing else.
Here is an actual quote from an employee. Let me
give you the honest truth. A lot of FMCS employees
don't do a hell of a lot, including myself personally.
The reason that I've stayed is that I just don't
feel like working that hard. Plus the location on K
Street is great. Plus we all have these oversized offices
(05:05):
with windows. Plus management doesn't seem to care if we
stay out at lunch a long time. Can you blame me? Yeah?
I can, Yeah, I can. You're a parasite. I can
totally blame you. I don't understand people like you. I
don't get you. I don't I don't get I mean,
(05:29):
we're all broken people. We all have our you know,
we're all sinful people. We all make our mistakes that
we have to deal with. But you live your life
knowing that you go to work every single day stealing
from the taxpayers. That's what you do for a living,
and you think that's okay. Can you blame me? Yeah,
I can blame you. Top FMCS official George Cohen used
(05:54):
a quote Recreation and Reception fund to order champagne and
two hundred dollar coasters for his office. Two hundred dollars coasters,
I don't even know what they look like for crying
out loud, and actually used government money your money, government money, sorry,
taxpayer money, your money, my money to purchase artwork painted
(06:16):
by his wife. The agency actually get this commissioned paintings
of its top employees. He had painters come in and
had paintings commit Again, I don't It doesn't translate to me.
(06:41):
I've never seen anything like it before. It spent two
and two dollars retouching the portrait of someone who briefly
held the top job in an acting capacity. FMCS employees
unblocked their government credit cards to turn off typical abuse protections,
then use them to apparently fund personal expenses and simply
(07:02):
build anything they'd like to the government. One employee leased ABMW.
Another IT director, James Dunnan, billed the government for his
wife's cell phone, cable TV at both his home and
his vacation home, and even his subscription to USA Today.
Another employee used his card to rent a storage unit
(07:22):
near his home in rural Virginia, two hours from the
office he supposedly worked at, which was used to store
personal possessions such as photo albums of his dog Buster.
The same employee spent eighteen thousand dollars at a jewelry
store near his house, destroyed all purchase card records upon
(07:43):
leaving the agency. Another employee, Charles Burton, when he retired,
he incorporated in LLC, which another FMCS employee paid eighty
five thousand dollars using his purchase card, listing it as
a call center service, even though the company had neither
(08:03):
a website nor a working phone. Another accountant, Carol Booth,
she blew the whistle on this to the GSA, the
General Services Administration. Then the guy in charge their co
enforced her to send an email rescinding her statement author
(08:27):
rights something out of the office. The employees spent an
inordinate amount of time and money congratulating one another for
being employed there and engaging in quote work that really
amounted to pampering themselves. One purchase was forty thirty thousand
dollars and trinkets marking employees anniversaries. The agency's office was
(08:48):
absurdly oversized, but refused to move. It hired a consultant
for a hallway improvement project to decorate. The expenses that
were actually business related were hardly better. It paid, for example,
eight hundred and ninety five dollars for enrollment in English Essentials,
a grammar refresher course, UH courses on listening and memory
(09:11):
skills development. They FMCS used federal jobs as a spigot
of cash for friends and relatives. Alison Beck, former union lawyer,
became a top FMS FMCS official employed her sister in
law as a special assistant. I can, I can go
(09:33):
on on. This is pages and pages and pages, and
it's just gonna hopefully get you angrier and angrier like
it did me. Make your blood boil. This is this
is what, this is what we're trying to get rid of.
We're good trying. Yeah, I'm sorry. Okay, You see, you
(09:59):
see what's happening. You see you know that the in
our inner cities, to see the homeless problem that we have,
the issues that this country has. You see a damn
pothole that needs to be filled, and you think about
you think about how our money, our heart earned dollars,
are being spent. You know, you write that check to
(10:23):
the federal government every year, and it's it's being used
to being stolen, being stolen to allow quite frankly, not
very not very good people to live high on the hog,
doing nothing, nothing. Again, all you left this out there.
(10:49):
You want to defend this for me, go ahead. Musculs
are fascist fascist's that's the best you got. That's the
best you got in musca Is and fascists. Again, you
keep using that word. I don't think it means what
(11:09):
you think it means. Again, Enigo Montoya, Princess Bride. This
is again, it's a whole, whole nother level of evil.
And if I hear that, can you blame me? Yeah?
I can blame you. Shame on you. I don't know
how you look at yourself in the mirror. I don't
(11:31):
know how you go home. And if you have kids,
I don't even know how you look at them. Shame
on you. Watchdog on Wall Street dot Com
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact that we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.
Speaker 2 (00:16):
Those just taking on the demons, I kid, you're not.
They're doing the lord's work. They really are. I want
to highlight something here. We haven't really done much as
of late. We did for a while a lot of
the waste and the fraud, and again, this is going
to make your blood boil. I'm just warning you right now.
You know, here you go, you know, trigger warning, whatever
(00:38):
you want to call it. If you're not upset, if
you're not disgusted by what we're about to report to you,
there's something wrong with it. You're either a part of this,
either you are well, either that you're a member of
a cult, or you're a member of the parasite class,
one or the other. This is the thing that bothers
(00:59):
me a great deal is again the fact that how
both the left and the right can't come together and
say this is gross, this is disgusting. What could we
all this waste, all this form, What we could do
with this. And again I'm sure Republicans have their ideas
of what they could do with it, whether return to taxpayers.
Sure Democrats can say that's wasteful, and we can use
(01:20):
it to spend you know, whatever type of you know,
help you want to give to whatever group it may be.
But this is disgusting, it really is. Donald Trump just
eliminated this past Friday the Federal Mediation and Consolation Service.
(01:42):
What the hell is that? F m c S. And
I'm gonna give kudos to Luke Rosiak from The Daily
Wire who did his homework on this story. The Federal
Mediation and Consolation Service FMCS, they had a nine story
office tower on K Street in Washington, d C. Nine
(02:06):
stories for sixty employees, most of which worked from home,
and they worked from home prior to the pandemic. The
managers at the FMCS had luxury suites with full bathrooms.
(02:30):
One manager would often be in the shower when she
was needed, while another used her bathroom as a cigarette lounge.
FMCS recorded its director as being on a year's long
business trip to DC. Wow, yeah, was on a business
(02:50):
trip to DC. This is so the director could have
all of his meals and living expenses covered by you
and I, You and I simply by showing up to
the office. Again, You're okay with this, Leftists, You're okay.
Have no problem with this. Mother, don't bother you at all?
(03:13):
Or maybe you don't. You really don't. You know, you
don't pay income tax? You don't, you know, no skin
off your back. The FMCS is a two hundred and
thirty employee agency that exists to serve as a voluntary
mediator between unions and businesses. Basically, it is meat, does nothing,
(03:35):
does nothing. As a quote independent agency, It's director nominally
reports to the president, but the agency is so small
that in fact there is no oversight at all. Luke
Rosiak spent a year investigating the agency and found all
sorts of violations, self serving violations, hiring, pay contracting, purchase
(03:59):
card rules. One thing he could not discover is why
the agency actually existed. Again, the bobs, what exactly do
you say you do here? The only reason for its
existence was to provide luxurious lifestyles for its employees, endless
(04:20):
junkets to resort destinations, which employees openly used to facilitate
personal vacations. They were justified as building awareness of the
agency in the hopes that someone would actually want to
use its voluntary services. Okay, basically they the agency existed
(04:42):
to benefit those on the payroll and really nothing else.
Here is an actual quote from an employee. Let me
give you the honest truth. A lot of FMCS employees
don't do a hell of a lot, including myself personally.
The reason that I've stayed is that I just don't
feel like working that hard. Plus the location on K
Street is great. Plus we all have these oversized offices
(05:05):
with windows. Plus management doesn't seem to care if we
stay out at lunch a long time. Can you blame me? Yeah?
I can, Yeah, I can. You're a parasite. I can
totally blame you. I don't understand people like you. I
don't get you. I don't I don't get I mean,
(05:29):
we're all broken people. We all have our you know,
we're all sinful people. We all make our mistakes that
we have to deal with. But you live your life
knowing that you go to work every single day stealing
from the taxpayers. That's what you do for a living,
and you think that's okay. Can you blame me? Yeah,
I can blame you. Top FMCS official George Cohen used
(05:54):
a quote Recreation and Reception fund to order champagne and
two hundred dollar coasters for his office. Two hundred dollars coasters,
I don't even know what they look like for crying
out loud, and actually used government money your money, government money, sorry,
taxpayer money, your money, my money to purchase artwork painted
(06:16):
by his wife. The agency actually get this commissioned paintings
of its top employees. He had painters come in and
had paintings commit Again, I don't It doesn't translate to me.
(06:41):
I've never seen anything like it before. It spent two
and two dollars retouching the portrait of someone who briefly
held the top job in an acting capacity. FMCS employees
unblocked their government credit cards to turn off typical abuse protections,
then use them to apparently fund personal expenses and simply
(07:02):
build anything they'd like to the government. One employee leased ABMW.
Another IT director, James Dunnan, billed the government for his
wife's cell phone, cable TV at both his home and
his vacation home, and even his subscription to USA Today.
Another employee used his card to rent a storage unit
(07:22):
near his home in rural Virginia, two hours from the
office he supposedly worked at, which was used to store
personal possessions such as photo albums of his dog Buster.
The same employee spent eighteen thousand dollars at a jewelry
store near his house, destroyed all purchase card records upon
(07:43):
leaving the agency. Another employee, Charles Burton, when he retired,
he incorporated in LLC, which another FMCS employee paid eighty
five thousand dollars using his purchase card, listing it as
a call center service, even though the company had neither
(08:03):
a website nor a working phone. Another accountant, Carol Booth,
she blew the whistle on this to the GSA, the
General Services Administration. Then the guy in charge their co
enforced her to send an email rescinding her statement author
(08:27):
rights something out of the office. The employees spent an
inordinate amount of time and money congratulating one another for
being employed there and engaging in quote work that really
amounted to pampering themselves. One purchase was forty thirty thousand
dollars and trinkets marking employees anniversaries. The agency's office was
(08:48):
absurdly oversized, but refused to move. It hired a consultant
for a hallway improvement project to decorate. The expenses that
were actually business related were hardly better. It paid, for example,
eight hundred and ninety five dollars for enrollment in English Essentials,
a grammar refresher course, UH courses on listening and memory
(09:11):
skills development. They FMCS used federal jobs as a spigot
of cash for friends and relatives. Alison Beck, former union lawyer,
became a top FMS FMCS official employed her sister in
law as a special assistant. I can, I can go
(09:33):
on on. This is pages and pages and pages, and
it's just gonna hopefully get you angrier and angrier like
it did me. Make your blood boil. This is this
is what, this is what we're trying to get rid of.
We're good trying. Yeah, I'm sorry. Okay, You see, you
(09:59):
see what's happening. You see you know that the in
our inner cities, to see the homeless problem that we have,
the issues that this country has. You see a damn
pothole that needs to be filled, and you think about
you think about how our money, our heart earned dollars,
are being spent. You know, you write that check to
(10:23):
the federal government every year, and it's it's being used
to being stolen, being stolen to allow quite frankly, not
very not very good people to live high on the hog,
doing nothing, nothing. Again, all you left this out there.
(10:49):
You want to defend this for me, go ahead. Musculs
are fascist fascist's that's the best you got. That's the
best you got in musca Is and fascists. Again, you
keep using that word. I don't think it means what
(11:09):
you think it means. Again, Enigo Montoya, Princess Bride. This
is again, it's a whole, whole nother level of evil.
And if I hear that, can you blame me? Yeah?
I can blame you. Shame on you. I don't know
how you look at yourself in the mirror. I don't
(11:31):
know how you go home. And if you have kids,
I don't even know how you look at them. Shame
on you. Watchdog on Wall Street dot Com
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