Skip to comments.Maxine Waters Outlines Agenda Should She Take Control of Powerful Financial Services Committee
Posted on 11/07/2018 7:40:37 AM PST by SeekAndFind
WASHINGTON -- Rep. Maxine Waters (D-Calif.) said banks "are a little bit worried that the Republicans will not perhaps be in charge" heading into today's vote, as Democrats taking back the House majority would likely mean she would be in charge of the House Financial Services Committee.
The current chairman, Rep. Jeb Hensarling (R-Texas), is among the powerful House GOPs who chose to retire this year instead of run for re-election. The most senior Republican on the panel after Hensarling is Rep. Peter King (R-N.Y.).
"This is America. We solve our political differences at the ballot box," Hensarling said after package bombs were sent to select targets late last month, including to Waters. "Those who oppose our views are just that, opponents, not enemies, and they share in common the title of American citizen.
A priority under Hensarling's leadership has been dialing back the DoddFrank Wall Street Reform and Consumer Protection Act; it was partially repealed with dozens of exemptions issued to U.S. banks through a bill passed by the House in May and signed into law.
Waters told MSNBC on Monday evening that she would have her own priorities if she led the committee, including reforms that support Dodd-Frank.
"The banks, the big banks, the small banks, we have the insurance companies, we have all of HUD, we have the International Monetary Fund, we have to deal with some issues that have not been dealt with properly for a long time. We've got to deal with the National Flood Insurance Program. We've got to deal with the EXIM Bank. And so it is an important committee," Waters said.
"And, you know, at the top of my agenda is dealing with the reform of Fannie and Freddie, and trying to make sure that we do something about the housing crisis. But, of course, I have to make sure that we never again, to the best of my ability, fall into what happened to us in 2008 when we had the exotic loans that were, you know, given to people in this country; many people lost their homes," she added. "But, of course, many of the people who lost their homes were in communities that were targeted by some of the biggest banks in America."
"So, we have all of those financial services issues, and there is a lot of work to do. And I'm hopeful that certainly we will take back the House and that my colleagues will see fit to support me to chair that committee."
Waters said that as Democrats have tried "to bring about some fairness and some justice with these financial services companies... they see that the Republicans are certainly more friendly to them, and certainly more supportive of their ability to continue the way they have continued historically."
"The banks really have controlled the Congress of the United States of America. And many of our colleagues have said, oh, you know, all that's complicated. We don't understand derivatives. We don't know what they're talking about when they talk about Volcker. And so they have gotten away with, you know, the kind of language that they use, in the way they produce their products," she said. "And so many of our colleagues have just shied away from that and let them do what they want to do. And so they have enjoyed being in charge of, you know, all of their issues in the House of Representatives and in the Senate."
Asked about what Rep. Nancy Pelosi (D-Calif.) would do if speaker of the House again, Waters said "there's always talk about you know, cleaning up you know, politics -- cleaning up what goes on in the Congress of the United States."
"So it's a continuation of talking about what do we do to become better legislators, to become better policymakers," the congresswoman said. "What do we do to get the confidence of the people back again?"
so Maxine thinks she’s above the Law and can do what ever she wants ,LOL
The senate better have the spine to stop all the leftist nonsense that will be coming their way. Pelosi and her minions will be working overtime to submit legislation to turn the rest of the country into Venezuela or San Fransisco.
Now their idiots will be front and center.
Not just Pelosi and Mad Maxine.
Alexandria Ocasio-Cortez will be in the news each and every day spouting nonsense about socialism "and, like, whatever."
Take a look at this face and tell me this isn't going to be a blast...
Though I was really worried about a Democrat takeover of the House, I am beginning to see that this is really going to help tee Trump up for a victory in 2020.
housing crisis ..sounds like code for something?
Mad Maxine’s agenda is revenge and oppression of all but “her people” and to get rich while doing it.
It has to pass the senate and get signed
Therefore theyll pass nothing
It will be investigations run Amuk
Good entertainment and Im not worried about trump
Its bettef for him to attack Demoncats that the loser repubs
We got rid of both corker and flake and also Ryan Yay !
Of course banks are worried ... look what the last Dem controlled House did to them.
progressive MO ‘reward your friends, punish your enemies’
I wanted someone to ask ‘the sheriff of wall street’ Richard cordray , ‘what happened to the $12B you collected from the banksters?’ just the other day wells fargo admitted to further improprieties that cost over 500 folks their homes in error
Now she gets a seat even closer to the Federal Treasury; introducing the nation’s newest billionaire, Maxine Waters. She should be able to threaten and intimidate banks into generously “contributing” to her “campaign coffers” over the next two years.
Mad Maxine is going to try to extort the financial sector and end up going to jail.
Pelosi, who cant hardly speak a coherent sentence, will be Speaker.
Schiff, who is a moron, will be in charge of Intelligence.
Waters, who is a crook, will be in charge of Finance.
Thats what we decided yesterday?
What do we do to get the confidence of the people back again?”
Fortunately, nothing she proposes will get through the Senate. Gridlock can be a beautiful thing.
Listen up WALL STREET and America to your improve economy....you voted for it!
Yes, their hands in your pocket. The one thing you can be sure will come back is forcing communities to build “affordable housing” AKA ghettos in nicer neighborhoods. Banks will be told that credit ratings must be weighed with other factors when making home loans to minority customers. It will be argued that it is harder for them to establish credit so a lower rating must be deemed acceptable.
And guess what this liberal will be all about. This liberal will be all about socializ
would be about [long pause] basically taking over, and the government running all of your companies.
Maxine Waters, 2012
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.