(Bill Clark / CQ-Roll Call Group) (Bill Clark / CQ-Roll Call Group)

“Of course our new president Dianne Feinstein is here. She told me how much she is looking forward to meeting all of you because as chairman of Senate Intelligence she’s always enjoyed listening to your phone calls.”

–out-going Alfalfa club president Sen. Lamar Alexander at the club’s annual dinner on Saturday. This year Sen. Dianne Feinstein will take over as president, the second woman to do so in the exclusive club’s 101-year history. The evening is supposed to be joke-filled lobster-stuffed reunion of industry heavyweights. Our sources report that the night’s speeches–three in all–slid toward the serious.