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Maxine Waters' Leaky Argument Can't Wash Away Banking Scandal Dirt Banks pushed risky loans to people who could not afford them. Homeownership was promoted as a right for all instead of one for those who saved. Since the mortgage bubble burst, leaving many in financial trouble, a lot of anger has been directed at banks and the bankers involved. Lawmakers are worked up in a lather, but this should not remove them from scrutiny. In the case of Congresswoman Maxine Waters (D-CA), criticism of her involvement in one aspect of this crisis is extremely justified. Yet she is playing the...

At a flail-and-wail House hearing last month, California Democratic Rep. Maxine Waters melted down in front of big banking CEOs. "Raise your hand! Raise your hand!" she shrieked as she harangued the executives on their business practices and management of federal bailout money. Sneering at the "captains of the universe," whom she refused to address by name ("You, Bank of America!"), Waters excoriated the corporate heads for their greed. "All of my political life," Waters bragged, "I have been in disagreement with the banking and mostly financial services community because of practices that I have believed to be not in...

Maxine Waters Ethics Trial Canceled Posted by Brian Montopoli Leave Comment One day after it recommended censure for veteran Democrat Charles Rangel of New York, the bipartisan House ethics committee has canceled the Nov. 29th trial for California Democratic Rep. Maxine Waters. The committee said new material has come to light that has prompted a decision to send the Waters case back to the initial subcommittee that first looked into it, according to CBS Radio News Capitol Hill Correspondent Bob Fuss. That four-member subcommittee will now reexamine the evidence against Waters. Waters has been accused of improperly attempting to steer...