LMAO: Maxine Waters – Head of Banking Committee – Has No Clue Government Took Over Student Loan Program Nearly Ten Years Ago [VIDEO]
Democrat Maxine Waters, while grilling big bank CEO’s on Capitol Hill, humiliated herself by asking them about what they were doing to help those suffering with massive student loan debt. To say the moment was cringe worthy is an underestimate. It was laughable.
What makes it even more embarrassing is that The House Banking Committee, is headed up by Rep. Maxine Waters (D-CA), who is the current Chairman of that Committee. Waters has significant ethics problems in the banking arena, yet took part in calling in the nation’s top bankers to lecture them on greed and political correctness. Many were just stunned that Chairman Waters did not have any idea that the government had taken over the program in 2010.
You’ll see the somewhat stunned bankers hesitate before answering, some wondering if it was a trick question, no doubt.
Maxine Waters appears to not know that the government nationalized students loans 10 years ago despite chairing a committee that regulates the banks…? pic.twitter.com/9cqA1dv962
— Caleb Hull (@CalebJHull) April 10, 2019
This is the Democrat Party’s banking expert? The Chairwoman was completely dumbstruck and quickly moved on to more hostile accusations and questioning. Rep. Waters called for these hearings to take place and she knows nothing about the subject?
The Obama Administration took over the student loan program and having been a member of the Financial Services Committee when Congress passed that law in 2010, many were choking back laughter at Maxine’s seemingly total ignorance to the issue. This was a ‘gotcha’ moment which definitely blew up in her face. You will NEVER see this exchange on CNN, MSNBC, ABC, or any other mainstream outlet. It’s just too humiliating that this is the best Democrats can do.
Not to mention the fact that Maxine Waters has banking problems of her own – and they are serious:
The New York Times reports federal regulators say they were taken aback when they learned that a California congresswoman Waters helped set up a meeting with bankers whose chief executive asked them for up to $50 million in special bailout funds. Waters’s husband, Sidney Williams, had served on the bank’s board and has owned at least $250,000 of its stock. Cha-ching!!
Ms. Waters, a member of the House Financial Services Committee at the time, did not disclose her ties to OneUnited to Treasury officials, who said they learned of them only later. OneUnited became among the first minority-owned institutions to receive a cash infusion — $12 million — through the Treasury’s bank bailout effort, called the Troubled Asset Relief Program. Cha-ching!!
She says she had ‘nothing to do’ with it: Watch another repellent Maxine moment:
And you wonder how these Congresspeople get rich? That’s how.
It must be extremely annoying at best and insulting for professionals to being forced to appear and then questioned by someone so ill-suited to the circumstances at hand. These are CEO’s tasked with handling massive amounts of responsibility, hauled into Congress and grilled by this ignorant Representative. They were stonefaced at the time, but you just know 5 steps out the door they had to have burst out in laughter, disgust, or both.
Her transgressions are long and wide – WATCH
AOC looked like she was going to easily walk away with the title of “Biggest Legislative Imbecile in the Entire Cosmos,’ but it’s going to be much closer contest than anyone could have predicted just a few weeks ago. Maxine is making a very strong case here for herself.