Wall Street may be in the throes of the biggest meltdown since the stainless steel Lehman Brothers sign came down in 2008 at the start of one of this country’s most perilous economic times. Yes, it’s official: Representative Maxine Waters (D-CA) is taking the reins of the ultra-powerful House Financial Services Committee – a position of authority and jurisdiction over America’s banking system, economy, housing, and insurance.
Waters, a Member of Congress since 1991, will be the first African American and the first woman to lead the Committee. Upon learning this, one might exclaim, “it’s about time.”
But it’s Maxine Waters, for crying out loud. A legislator with steamer trunks full of authenticated history in ethical and moral violations of conduct who believes God sent her to stop Trump.
The octogenarian, speaking at a Washington, D.C. event last fall, blamed the economic disaster during the Obama years on the banks: “The crisis was a result of Wall Street running amok. Large Wall Street banks are not subject to anybody and do great damage to our economy.”
Yet the ensuing 2012 federal bailout became her personal kitty as she was caught steering millions to her husband’s failing bank, OneUnited, of which she was a board member. The bank was notorious after low Community Reinvestment Act (CRA) evaluations exposed serious issues in lending practices, and, without Waters’ influence, would have never qualified for bailouts funds.
She is quite adept at skirting the fundraising laws, making thousands at the drop of a political mailer. Senator Kamala Harris (D-CA) paid $25,000 for Waters’ endorsement and Senator Barbara Boxer (D-CA) forked over $5,000 to stave off her political rivalries. According to Judicial Watch, “Waters has sold her support to 46 ballot measures and candidates, including judges, city council members, city attorneys, insurance commissioner hopefuls and school board members,” collecting hundreds of thousands in the process.
Mad Max is all about the money. Her money. But now with a title empowering her to enact her revenge, some in the industry are bracing for a tsunami of subpoenas.
One such industry wonk, a Washington policy analyst for Compass Point Research & Trading by the name of Isaac Boltansky, is clearly on edge. “We will have big bank CEOs raising their right hand a lot more.”
Richard Hunt, president of the Consumer Bankers Association, is also wary of Waters standing at the helm of such a powerful committee, wondering who is first up on the chopping block. “Is it going to first be [Treasury Secretary Steve] Mnuchin and Trump or is it going to be the banks?”
Waters has publicly targeted Wells Fargo and Deutsche Bank of Germany – hoping that her addled brain can ferret out that smoking gun Robert Mueller has failed to provide as the ongoing Russia-gate investigation continues to come up empty.
She appears quite deranged in her talks as a newly minted committee chair and drunk with power:
“The CEOs of the banks now are saying, ‘What can we do to stop Maxine Waters because if she gets in she’s going to give us a bad time?’ I have not forgotten that you undermined our communities. I have not forgotten that you sold us those exotic products, had us sign on the dotted line for junk.”
Insane and Out for Revenge
Waters boasts of a decades-long friendship with convicted cop killer and Black Panther Joanne Chesimard, still on the FBI’s Most Wanted List, issues threats and calls of violence against President Trump and any who support him, and continues to enrich herself and her family and friends off the backs of her constituents.
She has not earned the right to spit polish the wing tips of the Wall Street warriors, let alone disrupt their industry with revenge inspired chaos.
She is unworthy of a seat in Congress, never mind the chair position of the Financial Services Committee, which also has control over monetary policy, international finance, and efforts to combat terrorist financing.
But Mad Max is living out her deluded dream of revenge. As she recently threatened our financial folk: “What I am going to do to you is fair. I’m going to do to you what you did to us.”
She must be removed from the United States Congress.