Democrat Congresswoman Maxine Waters has let slip what she (and, no doubt other liberals and the Obama Administration) have in store for the country.
Waters is the racist that took money from Fannie Mae and Freddie Mac and then pronounced there was no crisis at either organization.
Wait. “Racist?” Here’s what Waters said last September during the hearings on those organizations: “We do not have a crisis at Freddie Mac and particularly Fannie Mae under the outstanding leadership of Frank Raines.“ Frank Raines is an African-American. She gave no such endorsement for Richard Syron whose is white.
Further, just this month, the intellectually-challenged Waters defended fellow Representative Charles Rangel in the investigation of his likely tax fraud by saying “I want to tell you, there are many members who, if you go back over all of their records, over all of the years, you’re going to find that there were disclosures that were not made.” Rangel is also an African-American.
Therefore, given the ease with which the term “racist” is now allowed to be applied, I choose to declare Maxine Waters a racist.
Thanks to the idiot voters of California’s 35th District (Los Angeles), Maxine Waters is in positions of influence in the United States House of Representatives.
Waters is a member of the House Committee on Financial Services and the Chairwoman of its Subcommittee on Housing and Community Opportunity. She is on the Subcommittee on Financial Institutions and Consumer Credit, and the Subcommittee on International Monetary Policy, Trade and Technology. She also serves on the Committee on the Judiciary and its Subcommittees on Crime, Terrorism, and Homeland Security, and on Immigration, Border Security and Claims.
The Citizens for Responsibility and Ethics in Washington (CREW) published a list of the 15 most corrupt members of Congress. Eight of those 15 are Democrats, the most prominent of them – Maxine Waters.
In September 2008, Rep. Waters asked then-Secretary of the Treasury Henry Paulson to hold a meeting for minority-owned banks that had suffered from Fannie Mae and Freddie Mac losses. The Treasury Department complied and held a session with approximately a dozen senior banking regulators, representatives from minority-owned banks and their trade association.
Officials of OneUnited Bank, one of the largest black-owned banks in the country, which also has close ties to Rep. Waters, attended the meeting along with Rep. Waters’ chief of staff. Kevin Cohee, chief executive officer of OneUnited, used the meeting as an opportunity to ask for bailout funds. Former Bush White House officials stated they were surprised when OneUnited officials asked for bailout funds because they understood the meeting had been arranged to discuss the losses minority-owned banks endured when the federal government took over Fannie Mae and Freddie Mac.
In December 2008, Rep. Waters intervened again, asking Treasury to host another meeting to ensure minority-owned banks received part of the $700 billion allocated under the Troubled Asset Relief Program (TARP). Within two weeks, on December 19, 2008, OneUnited secured $12.1 million in bailout funds.
Rep. Waters did not disclose her financial ties to OneUnited Bank to Treasury officials in her letters requesting meetings between regulators and bank officials. Treasury officials claimed that although OneUnited also requested a meeting with regulators regarding Fannie and Freddie Mac losses, it wasn’t until Rep. Waters intervened that the Treasury approved a meeting.
By using her position as a member of Congress to assist a bank to which she has financial ties, Rep. Waters violated House conflict-of-interest rules and engaged in conduct that does not reflect creditably upon the House.
She is also is under investigation because her husband is connected to one of the banks that got federal bailout money.
Why does any of this matter? It matters because Waters not only represents Los Angeles, but the agenda of the American Left. Think about it. She tried to correct “socializing” with “the government taking over your companies.“
THAT’s a correction?
This is what we will have for decades to come unless the American voter starts making real changes via the ballot in 2010.
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She is Black. You can’t touch her.
RE:She tried to correct “socializing” with “the government taking over your companies.“
It is my belief that Waters was applying her awesome intellectual capacity to search for the word “nationalize” but failed, resorting to using the phrase “the government taking over your companies.“
More dazzling than Waters’ command of vocabulary is the response given to her by the oil executive. According to Fox News, the oil executives responded by saying they’ve seen this before, in Hugo Chavez’s Venezuela.
(As a secondary note, the link referencing “under investigation” is broke.)
As to that investigation, as with President Clinton’s well deserved impeachment, the Dems will rally behind Waters and to put it mildly, they will save her seat.