Skip to comments.Maxine Waters Unfit to Chair House Financial Services Committee
Posted on 11/20/2018 2:33:48 PM PST by jazusamo
Considering her record and documented history of poor ethical and moral fitness, its outrageous that Maxine Waters is up for chair of the ultra-powerful House Financial Services Committee, which has jurisdiction over the countrys banking system, economy, housing, and insurance. With Democrats taking control of the House of Representatives, come January the 14-term California congresswoman is expected to head the committee, which also has jurisdiction over monetary policy, international finance, and efforts to combat terrorist financing.
Throughout her storied political career, Waters has been embroiled in numerous controversies, including abusing her power to enrich family members, getting a communist dictator to harbor a cop-murdering Black Panther fugitive still wanted by the Federal Bureau of Investigation (FBI) and accusing the Central Intelligence Agency (CIA) of selling crack cocaine in black neighborhoods. A few months ago, the 80-year-old Democrat from Los Angeles encouraged violence against Trump administration cabinet members. If you see anybody from that Cabinet in a restaurant, in a department store, at a gasoline station, you get out and you create a crowd and you push back on them and you tell them they are not welcome anymore, anywhere, Waters said at a summer rally in Los Angeles. Judicial Watch filed a House ethics complaint against Waters for encouraging violence against Trump Cabinet members.
Among her most corrupt acts as a federal legislator is steering millions of federal bailout dollars to her husbands failing bank, OneUnited. Waters allocated $12 million to the Massachusetts bank in which she and her board member husband held shares. OneUnited subsequently got shut down by the government and American taxpayers got stiffed for the millions. Judicial Watch investigated the scandal and obtained documents from the U.S. Treasury related to the controversial bailout. The famously remiss House Ethics Committee, which is charged with investigating and punishing corrupt lawmakers like Waters, found that she committed no wrongdoing . The panel bought Waters absurd story that she allocated the money as part of her longtime work to promote opportunity for minority-owned businesses and lending in underserved communities even though her husbands bank was located thousands of miles away from the south Los Angeles neighborhoods she represents in Congress.
The reality is that without intervention by Waters OneUnited was an extremely unlikely candidate for a government bailout through the disastrous Troubled Asset Relief Program (TARP). The Treasury Department warned that it would only provide bailout funds to healthy banks to jump-start lending and OneUnited clearly didnt meet that criteria. Documents uncovered by Judicial Watch detail the deplorable financial condition of OneUnited at the time of the government cash infusion. The records also show that, prior to the bailout, the bank received a less than satisfactory rating. Incredibly, after that scandal Waters was chosen by her colleagues to hold a ranking position on the House Financial Services Committee she will soon chair. The only consequence for blowing $12 million on her husbands failing bank was a slap on the hand to Waters chief of staff (her grandson) for violating House standards of conduct to help OneUnited.
Waters, who represents some of Los Angeles poorest inner-city neighborhoods, has also helped family members make more than $1 million through business ventures with companies and causes that she has helped, according to her hometown newspaper. While she and her relatives get richer (she lives in a $4.5 million Los Angeles mansion), her constituents get poorer. The congresswoman was also embroiled in a fundraising scandal for skirting federal election rules with a shady gimmick that allows unlimited donations from certain contributors. Instead of raising most of her campaign funds from individuals or political action committees, Waters sells her endorsement to other politicians and political causes for as much as $45,000 a pop.
It wouldnt be right to part without also noting some of Waters international accolades. She has made worldwide headlines for her frequent trips to communist Cuba to visit her convicted cop-assassin friend, Joanne Chesimard, who appears on the FBIs most wanted list and is also known by her Black Panther name of Assata Shakur. Chesimard was sentenced to life in prison after being convicted by a jury of the 1979 murder of a New Jersey State Trooper. With the help of fellow cult members, she escaped from jail and fled to Cuba. Outraged U.S. lawmakers insisted she be extradited but Waters always stood by her side, likening the cop-assassin to civil rights leader Martin Luther King. In fact, Waters wrote Cuban Dictator Fidel Castro a letter to assure him that she was not part of the group of U.S. legislators who voted for a resolution to extradite the cop murderer. Waters told Castro that she opposed extradition because Chesimard was politically persecuted in the U.S. and simply seeking political asylum in Havana, where she still lives.
In the 1980s Waters accused the CIA of selling crack cocaine to blacks in her south-central Los Angeles district to raise millions of dollars to support clandestine operations in Latin America, including a guerrilla army. During the infamous 1992 Los Angeles riots the congresswoman repeatedly excused the violent behavior that ironically destroyed the areas she represents in the House. She dismissed the severe beating of a white truck driver by saying the anger in her district was righteous. She also excused looters who stole from stores by saying they were simply mothers capitalizing on an opportunity to take some milk, bread, and shoes.
Should this ethically and morally challenged individual, who has repeatedly displayed behavior unbecoming of a federal lawmaker, be at the helm of an influential congressional committee that oversees the financial sector?
She is a black woman and is untouchable
Another BIG reason that Maxine Waters is unfit to deal with anything having to do with Finance:
I doubt that she can even deal with even the basics of Finance, if she can call on experts in that field!
Waters will find out real fast what ‘oversight’ is...nobody’s going to let her close to those purse strings. including those of her party....if they’re excited about her you can bet they’re hoping for sticky fingers to slide $$$$$$$ into their hands under the table.
The question is...who will be dealing the cards?
Shes unfit to even live here
Oh, yeah. Every day since the election.
The day after Trump was elected, and we had all three branches, the Dow began to soar.
The day after this election, and the adults no longer woulkd be in charge of the House, it began to tank.
Patriots are reminded that the delegates to the Constitutional Convented had rejected establishing a national bank.
A proposition was made to them to authorize Congress to open canals, and an amendatory one to empower them to incorporate. But the whole was rejected, and one of the reasons for rejection urged in debate was, that then they would have a power to erect a bank, which would render the great cities, where there were prejudices and jealousies on the subject, adverse to the reception of the Constitution [emphasis added]. Jeffersons Opinion on the Constitutionality of a National Bank : 1791.
"State inspection laws, health laws, and laws for regulating the internal commerce of a State, and those which respect turnpike roads, ferries, &c. are not within the power granted to Congress [emphases added]." -Gibbons v. Ogden, 1824.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States."Justice John Marshall, Gibbons v. Ogden, 1824.
"The power to regulate manufactures is no more confided to congress, than the power to interfere with the systems of education, the poor laws [emphasis added], or the road laws of the states. Justice Joseph Story, Article 1, Section 8, Clause 3 (Commerce), 1833 .
"4. The issuing of a policy of insurance is not a transaction of commerce within the meaning of the latter of the two clauses, even though the parties be domiciled in different States, but is a simple contract [emphases added] of indemnity against loss." Paul v. Virginia, 1869. (The corrupt feds have no Commerce Clause (1.8.3) power to regulate insurance.)
From the accepted doctrine that the United States is a government of delegated powers, it follows that those not expressly granted, or reasonably to be implied from such as are conferred, are reserved to the states, or to the people. To forestall any suggestion to the contrary, the Tenth Amendment was adopted. The same proposition, otherwise stated, is that powers not granted are prohibited [emphasis added]. United States v. Butler, 1936.
"The Constitution on this hypothesis is a mere thing of wax in the hands of the judiciary, which they may twist and shape into any form they please. Thomas Jefferson to Spencer Roane, 1819."
"Laws are made for men of ordinary understanding and should, therefore, be construed by the ordinary rules of common sense. Their meaning is not to be sought for in metaphysical subtleties which may make anything mean everything or nothing at pleasure." Thomas Jefferson to William Johnson, 1823."
See my post #43. She is not capable of understanding Thing One from a banker or Wall Street financier. All she could do is rant and rave!!!!
Maxine Waters should be in Jail.
Only one I can think of off hand is Alex Occasional-Kotex who has even less understanding of finance.
She’ll be a front man at best and like always.......but the decisions aren’t going to be hers nor control....however she’s going to play her hand tougher to both friends and enemies.......so payoff $$$$$$$$ will role into her own coffers.
If she chairs that committee I’m confident she and her cohorts will figure a way out to profit from it.
The shame I feel for being from a state that foisted that piece of filthy human excrement on the rest of the country cannot be adequately expressed.
I think you are quite correct. The talking heads will NEVER admit it, but the Stock Market is crashing BECAUSE the demonic rats, led by Mad Maxine, are going to be in charge of the federal budget.
Dear God, help us!
Obviously she's paid off enough in her district
that matter cause they keep voting for her.....
Agreed I was just using linguistic shorthand
Blackmail crosses that board.
Past time to shove reverse racism down the throats of the vermin who use it.
You’re not alone my FRiend, I and the wife and family are from their also.
It was a great place many years ago but things have really changed.
Thank you. For me, one of the best things about FR is that you can easily see you are not alone.
That means a lot. It is human nature to need that.
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