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Maxine Waters in line to take over from Frank on Financial Services
The Hill ^ | 11/28/11 | Peter Schroeder

Posted on 11/28/2011 10:24:19 AM PST by freespirited

Wall Street executives already are bracing for the possibility that Rep. Maxine Waters (D-Calif.) will take over as the senior Democrat on the House Financial Services Committee from Rep. Barney Frank (D-Mass.).

Waters is in line for Frank’s spot and could become chairwoman of the panel if Democrats retake the House. Frank will announce Monday that he will not seek another term in the House.

The California liberal is seen as to the left of Frank, the architect of 2010’s Wall Street reform bill, on financial issues.

While banks and other financial institutions often battled Frank, he was seen as someone they could work with. Waters, in contrast, is seen as more of an opponent.

“She's not a good face of the issues,” one financial executive said. “She's too much of a bomb thrower.”

There are reasons to think Democratic leaders would look to someone other than Waters, the second-ranking Democrat on the panel, to take over for Frank.

Waters is wrestling with a long-running ethics investigation over whether she helped secure federal funding for a bank in which her husband owned stock and previously served as a board member. Waters has maintained her innocence, and two attorneys on the House ethics committee were placed on leave for mishandling the case. An outside attorney is now investigating the matter.

“They're going to go with people who are universally respected,” said the financial executive. But a trade group president and former Hill staffer believed the top spot is Waters's to lose. This source pointed out that Waters brings geographical and racial diversity to the committee.

Jumping over Waters to another Democrat would also be a headache for Democratic leaders, as it would risk angering the Congressional Black Caucus.


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: barneyfrank; barneyfrankelection; barneyfrankgone; congress; corruption; democrats; financialservices; liberalfascism; maxinewaters
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Wall Street had better wake up.
1 posted on 11/28/2011 10:24:31 AM PST by freespirited
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To: freespirited
There's still every chance that she'll be taking over as ranking minority member on the Financial Services committee.
2 posted on 11/28/2011 10:26:01 AM PST by SoJoCo
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To: freespirited

This oughta’ be a hoot!


3 posted on 11/28/2011 10:28:36 AM PST by donhunt (Certified and proud "Son of a Bitch".)
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To: freespirited

Good! Put this reprobate right up there, front and center! The voting public needs to have a daily dose of this cretin.


4 posted on 11/28/2011 10:28:51 AM PST by Howie66 (I can see November (2012) from my house.)
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To: freespirited

An act of God needs to happen before this does!


5 posted on 11/28/2011 10:29:06 AM PST by SoldierDad (Proud dad of an Army Soldier currently deployed in the Valley of Death, Afghanistan)
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To: freespirited

Don’t they have at least ONE person who is not under investigation one way or the other?


6 posted on 11/28/2011 10:29:20 AM PST by bergmeid (Down with this OCCUPY scum!)
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To: freespirited

Hey, that’s great!

Go from lying, evil bitch to lying, evil bitch.


7 posted on 11/28/2011 10:29:54 AM PST by chris37 (Heartless.)
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To: freespirited

Who would believe there would be a down side of getting rid of Barney Frank?


8 posted on 11/28/2011 10:30:01 AM PST by El Laton Caliente (NRA Life Member & www.Gunsnet.net Moderator)
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To: freespirited

If the RNC doesn’t make a scary campaign about this racist moron, who steers business to her husband’s company, running that powerful committee, they are truly incompetent.

So the Maxine fans won’t vote Republican, DUH.


9 posted on 11/28/2011 10:30:21 AM PST by txrefugee
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To: freespirited

i hope someone has something on Frank, forcing him out.


10 posted on 11/28/2011 10:30:45 AM PST by sappy
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To: All

WE’RE SAVED!!!!


11 posted on 11/28/2011 10:30:58 AM PST by Maverick68
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To: freespirited

She’s more extreme and polarizing. (and stupid!)

Not nearly as politically adept or connected as Barney.

(hunt for silver lining alert!)


12 posted on 11/28/2011 10:31:47 AM PST by G Larry ("I dream of a day when a man is judged by the content of his Character.")
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To: freespirited

From the frying pan to the fire ...


13 posted on 11/28/2011 10:32:27 AM PST by Fast Moving Angel (If he has nothing to hide, why is he spending so much $$$ hiding it?)
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To: freespirited
Max's seen Rengal get flayed and neutered ... she don't have any more balls than him.

She'll bow out as well ... especially when we take the triple crown.

14 posted on 11/28/2011 10:33:26 AM PST by knarf (I say things that are true ... I have no proof ... but they're true)
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To: El Laton Caliente

God help us all...


15 posted on 11/28/2011 10:33:30 AM PST by L,TOWM (Once you see that it is all Kabuki Theater, you are free to quit wasting your time on politics.)
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To: freespirited

Traitorous Marxist globalist idiots.

Like putting a fox in charge of Col Sanders’ chicken farm.

Cluelessness has become a new growth industry.


16 posted on 11/28/2011 10:33:55 AM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: sappy

“i hope someone has something on Frank, forcing him out.”

Like what, a drug bust or running a gay male prostitution ring out of his house?


17 posted on 11/28/2011 10:34:03 AM PST by jessduntno ("They say the world has become too complex for simple answers... they are wrong." - RR)
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To: freespirited

Special interest group politics finally coming home to bite the Dems on the ass..Look for Clyburn to run for Minority leader..and since the Dems will not dump the seniority rules, most of the ranking members in 2012 will be members of the CBC..IOW..dumb as rocks..


18 posted on 11/28/2011 10:34:11 AM PST by ken5050 (Support Admin Mods: Doing the tough, hard, dirty jobs that Americans won't do...)
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To: freespirited
Wall Street had better wake up.

If the thought of Maxime Waters as chairman of the House banking committee during an Obama second term doesn't send shivers down your back (and crater your 401K), nothing will.

19 posted on 11/28/2011 10:36:03 AM PST by Lonesome in Massachussets (Ceterum autem censeo, Obama delenda est.)
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To: freespirited
Great news. Can't wait to see this blithering idiot on the business channels trying to defend her stupidity. Why the Rats would want to make her the face of the party on these issues is beyond me.


20 posted on 11/28/2011 10:37:27 AM PST by Lazlo in PA (Now living in a newly minted Red State.)
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To: freespirited

Do they make a combination puke, cry, laugh smiley for this special occasion?


21 posted on 11/28/2011 10:39:47 AM PST by Attention Surplus Disorder (Madoff screwed the rich. Bernanke screwed us all.)
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To: freespirited
So......

We've got a president who was elected on the basis of a pretty good speech he gave at the '04 Dem Convention.

We've got a SecTreas who's a tax cheat.

We've got an AG who picks and chooses the laws he'll enforce, AND an administration who sues states for enforcing the Federal Laws currently on the books.

And now, we've got a (possible, eventual) head of the finance committee who's under investigation for financial shenanigans.

And that's just what's coming off the top of my head.

Mel Brooks WISHES he could write satire this good.

22 posted on 11/28/2011 10:40:52 AM PST by wbill
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To: freespirited

Man, it sure was hot in the thar fryin’ pan! It’s great to be out of there!


23 posted on 11/28/2011 10:40:52 AM PST by The Duke
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To: Quix

We should take a moment of silence to think about how PITIFUL America has become that this may be the leader chosen to address the worse financial disaster in the history of our country. Is there any hope?!!!
Next thing you know we’ll elect a muslim for president, we’re just that sick.


24 posted on 11/28/2011 10:42:26 AM PST by Cowgirl
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To: freespirited

And that - folks - says it all about the moral and intellectual capabilities of the dim-bulb-crat party.

This woman would shame a bimbo.

She’d embarass a sl*t.

She is an intellectual dementor....


25 posted on 11/28/2011 10:42:45 AM PST by Da Coyote (Liberalism - when you absolutely, positively have no ability to produce wealth.)
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To: freespirited

omg

the stupidest woman (arguably) in the US government will be ordering the financiers and bankers around

this should be fun


26 posted on 11/28/2011 10:46:19 AM PST by silverleaf (common sense is not so common- voltaire)
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To: freespirited

A communist as the head of the House Financial Services Committee would nicely complement a communist CIC.

Waters began her political career as an ally of the Communist Party USA. She supported several party front organizations including the National Alliance Against Racist and Political Repression, which was led by leading communists Angela Davis and Charlene Mitchell.


27 posted on 11/28/2011 10:47:06 AM PST by ProtectOurFreedom
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To: freespirited

“Wall Street executives already are bracing for the possibility that Rep. Maxine Waters (D-Calif.) will take over as the senior Democrat on the House Financial Services Committee from Rep. Barney Frank (D-Mass.).”

That biotch can’t even balance her own checking account! This country is really a freaking mess!


28 posted on 11/28/2011 10:48:27 AM PST by Batman11 (Obama's poll numbers are so low the Kenyans are claiming he was born in the USA!)
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To: Da Coyote

I’m sure she is gunning for the slot. Ca Ching Ca Ching $$$$$$


29 posted on 11/28/2011 10:50:07 AM PST by Bringbackthedraft (Its not who we elect, its those who they appoint that mater most!.)
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To: freespirited

Good riddance to a liberal BULLY. Has anyone noticed how he deals with any confrontation?

1. He aggressively/offensively spews & sputters incessantly without allowing his opponent to get a word in edgewise.

2. When his opponent realizes they need to interrupt the cowardly bastard to say anything, Barney ALWAYS plays offended victim, “Would you please stop interrupting me?” and pretends to be suuuuuch a victim

Happens every time.

Watch this prime example of a true COWARD playing victim:

http://www.youtube.com/watch?v=CVMkEPWbwdE


30 posted on 11/28/2011 10:51:20 AM PST by AlanGreenSpam (Obama: The First 'American IDOL' President - sponsored by Chicago NeoCom Thugs)
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To: G Larry

That was roughly my view of it. The membership goes from someone who is evil and corrupt, to someone who is evil, corrupt, AND stupid.


31 posted on 11/28/2011 10:52:32 AM PST by Little Ray (FOR the best Conservative in the Primary; AGAINST Obama in the General.)
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To: freespirited
You have got to be ****ing kidding me.

Let's leave aside the fact that I have met smarter rocks.

Let's leave aside the fact that she has called for taxing banks out of business.

Let's leave aside the fact she has advocated for nationalizing energy companies, a'la Chavez.

Let's leave aside the fact that she is a committed Marxist / Socialist involved in the DSA.

Can we AT LEAST consider the fact that she was implicated in a House Ethics Panel for her very close involvement with a fraudulent 'zombie bank', OneUnited Bank?

32 posted on 11/28/2011 10:52:32 AM PST by Lazamataz (For the balance of the day, I will reply to a thread on another thread.)
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To: freespirited
This is the best news I've heard all day. One of two things will happen:

1. The Dems will realize the insanity of this and force her out and into something else. She will scream Racism and for once she will be right. The Dems like their black Congressmen as window-dressing only.

2. She actually takes over and the Wall Street idiots who have been shoveling money to Obama and the Dems go into a panic as soon as Kerosene Maxine proposes her first 100% profits tax.

Either way, it should be fun to watch.

33 posted on 11/28/2011 10:53:22 AM PST by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: freespirited

If Maxine Waters, Obama, Holder, Jarrett and Lisa Jackson can’t destroy this nation, no one can.


34 posted on 11/28/2011 10:55:40 AM PST by Jay Santos CP ("Idiocracy"... It's no longer just a movie.)
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To: Cowgirl

Next thing you know we’ll elect a muslim for president,
[/sar]


Some will need the sarcasm tag on that.

YUP, OThuga and the globalist oligarchy have succeeded in creating a Z # last terminal mess of destruction and chaos on the brink—the very near horizon.

That and WWIII should be kicked off in grand style any week or month now, from the sound of things.


35 posted on 11/28/2011 10:56:17 AM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: Da Coyote

She is an intellectual [vacuum]....

Dems within 150 feet lose what microscopic bits of intellect they may miraculously have left.


36 posted on 11/28/2011 10:58:26 AM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: freespirited
Maxine Waters in line to take over from Frank on Financial Services

God help us!

37 posted on 11/28/2011 10:58:52 AM PST by JaguarXKE
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To: Lazamataz

DEAR LORD GOD ALMIGHTY

KEEP THE CZAR FAR AWAY FROM US AND FROM OUR BELOVED REPUBLIC.

Can’t she be an ambassadress hooker to Alpha Centauri?


38 posted on 11/28/2011 11:01:03 AM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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To: chris37

Sometimes the silver lining is an onrushing 757 airliner...


39 posted on 11/28/2011 11:04:32 AM PST by Aevery_Freeman (Rights begin where power ends!)
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To: freespirited

OMG - one dope being replaced with a bigger dope.


40 posted on 11/28/2011 11:04:41 AM PST by DefeatCorruption
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To: freespirited

Great......

Going from a crazy Fat Azz, to an Azz that’s just plum Bat Crazy . . .


41 posted on 11/28/2011 11:08:45 AM PST by Vendome (Don't take life so seriously, you won't live through it anywaqq)
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To: freespirited

God help us.


42 posted on 11/28/2011 11:10:59 AM PST by lastchance ("Nisi credideritis, non intelligetis" St. Augustine)
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To: freespirited

Just when you thought it couldn’t get any worse.....


43 posted on 11/28/2011 11:21:22 AM PST by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: TexasRepublic

Hand, meet Cookie Jar.


44 posted on 11/28/2011 11:25:38 AM PST by Ax
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To: lastchance

“God help us.”

With idiots even God is helpless.


45 posted on 11/28/2011 11:26:16 AM PST by Stormdog (A rifle transforms one from subject to Citizen)
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To: wbill

I don’t know, but I’m suspecting Shakespeare would’ve had a blast with some of these people and situations they’re in! Could you picture a play done by him nowadays about Washington D.C.? Yikes!


46 posted on 11/28/2011 11:34:49 AM PST by dsutah
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To: freespirited

That is like the cat in charge of babysitting the mice.


47 posted on 11/28/2011 11:43:44 AM PST by GOP Poet (Obama is an OLYMPIC failure.)
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To: freespirited

Cha-ching!


48 posted on 11/28/2011 11:57:51 AM PST by DPMD
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To: freespirited

Maxine Waters??????????? This Maxine waters? Oh Wall Street is gonna love her. NOT!

http://www.youtube.com/watch?v=OrA9zj94NuU


49 posted on 11/28/2011 12:03:56 PM PST by mojitojoe (SCOTUS.... think about that when you decide to sit home and pout because your candidate didn't win)
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To: freespirited

Maxine Waters is to the left of Frank? She is to the left of Marx.


50 posted on 11/28/2011 12:05:47 PM PST by JPG (Hold on tight; rough road ahead.)
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