Skip to comments.Financial industry braces for Maxine Waters’ ascent on key committee
Posted on 11/29/2018 3:17:47 PM PST by jazusamo
The banking and financial sectors are anxiously bracing for firebrand California Rep. Maxine Waters to claim the chairmanship of the House Financial Services Committee, unsure of what her leadership on the key panel will mean.
Waters, a frequent and vocal critic of President Trump and his administration, is seen as one of Wall Streets biggest adversaries in Congress thanks in large part to her calls for stricter rules on the nations biggest banks and opposition to moves from the White House to roll back financial regulations implemented during the last recession.
She has toned down her rhetoric since the midterm elections but has also called for more oversight, creating somewhat of a guessing game as to what she'll have in store for the industry when Democrats take control of the House in January.
I dont know what Chairwoman Waters will be thinking, Richard Hunt, president of the banking industry trade group the Consumer Bankers Association, told Fox News. Were prepared to defend the good work that were doing but were also willing to work with Chairwoman Waters to make sure we get smart, well-balanced policy.
Time running out for House GOP to wrap up agendaVideo While the countrys major banks have expressed their willingness to work with Waters, they are all preparing for a very different House Financial Services Committee than the one currently being headed by Rep. Jeb Hensarling, R-Texas.
Since the midterm elections, Waters has made clear that one of her priorities will be putting a halt to the Trump administration and Republicans moves to deregulate the banking industry.
(Excerpt) Read more at foxnews.com ...
Good luck with that, she's not only corrupt but her mouth is larger than her brain.
I suspect the financial execs wont be giving contributions to the Dems in 2020.
Haha...cant wait till the perfumed princes of Wall St. are summoned to answer Mad Maxines foolish questions. Serves them right for backing the Democrats in every election.
As long as those campaign contributions keep coming to the right people, Waters’ threats are just kabuki theater.
What’s the terminology for that?
I suspect the Consumer Bankers Association is an eager seller. We know Waters is an eager buyer.
Guessing with her math skills she can make some good $$$ cutting quiet side deals.
Utterly amazing how this incredibly stupid person can be chair of ANY financial services committee.
I wouldn’t put her in charge of cleaning a sh**house.
Yeah, that’s what Maxine Waters is - a “firebrand”.
Remember when Bawney Fwank was chair of the House Financial Services Committee? He screwed the pooch really really bad then.
Just wait till Mad Maxine get her crooked little hands on this responsibility.
We will really be in deep (Obama) then.
“Good luck with that, she’s not only corrupt but her mouth is larger than her brain.”
She knows she can’t get anything she wants due the Senate in ‘R’ hands, and a President with a well inked VETO pen, so she will probably pursue existing laws to the letter, and with little interest in other than politics.
here is what is going to change: maxine will be buying a much bigger house after she gets done shaking down all the big banks.
her constituents are already f**cked, so that won’t change.
WTH can she do ?
The contributions will probably go up. Sort of like paying tribute to the volcano god hoping it will hold back the impending eruption.
As long as the Senate holds and doesn't go all bipartisan, not much will get to the POTUS' desk, and even less will be signed.
She ha.s no real power She is actually irrelevant because she will first of all be black and then descend to ridiculous.
Yep, except for squeezing a few bucks here and there for her and her family, they've got expenses ya know. :)
The dems will try and they have allies in the Senate including RINOs. All that is really standing between the likes of a Maxine Waters and implemented corrupt legislation is Donald J. Trump.
Let's Wrap This Baby Up, Folks!
LOL. Wall Street donates 90% of their money to Democrats.
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