The response ‘you have got to be kidding,‘ doesn’t even come close to being appropriate to the news of the appointment of Maxine Waters as the ranking member on the influential House Financial Services Committee replacing Barney Franks.
This promotion is rewarding political corruption at its finest.
Everyone should be somewhat familiar with Ms. Maxine Waters (D-Cal) – an outspoken liberal who thinks adopting Sharia law is a good thing.
Some of Ms. Waters’s famous quotes include;
“And as far as I’m concerned, the Tea Party can go straight to hell.”
“Tea Party flag waiving is somehow outrageous behavior.”
“Guess what this liberal would be all about? This liberal would be about socializing … uh, umm. … Would be about, basically, taking over, and the government running all of your companies.”
While she served on the House Financial Service Committee, there was that little problem with her arranging a meeting between the Dept of Treasury and OneUnited Bank The purpose of the meeting was to make sure OneUnited received a little stimulus money.
Nothing wrong with that except her and her husband owned somewhere between $750k and $850k worth of OneUnited Bank stock.
You buy stock in a bank, and use your political position to direct government funding to the same bank securing your investment; good idea. And I thought that was illegal? Silly me!
There was a subsequent investigation on three charges of violation of House ethics, but the investigation stalled. Why? I don’t know, maybe because she’s black and a woman?
Ms Waters also had the dubious distinction of being recognized as one of the most corrupt members of Congress by a number of sources yet she keeps getting re-elected and promoted.
We all remember what a great job Barney Franks did in ignoring advice from everyone that the housing bubble was going to burst. I’m sure Ms. Waters will do just as a good a job as Mr. Franks did overseeing the financial well being of the taxpayers.
Of course Ms. Waters was at the top of her financial game when she said “that no problems existed at Fannie Mae and Freddie Mac under “outstanding leadership” of Mr. Franklin Raines and accused regulators of trying to fix something that wasn’t broke.” prior to the housing crash.
Failure is becoming a job requirement in our government, and the promotion of Maxine Waters has certainly met that requirement.
Yet her appointment is beginning to make more and more sense; well it does if you’re a crook, a racist, a nut case, or a liberal.