Tony Lee
Breitbart.com
Big Government
5 Dec 2012
On Tuesday, House Democrats unanimously selected Rep. Maxine Waters (D-CA) to be the top Democrat on the House Financial Services Committee.
Waters will be the ranking member on the committee that deals with banking issues. Last year, the House Ethics Committee investigated Waters, one of the most partisan members of the Congressional Black Caucus, for allegedly using her position in Congress to bail out a bank in which her husband owned $350,000 worth of stock…
…Rep. Jeb Hensarling (R-TX) will chair the House Financial Services Committee, and Waters said she hoped to “reconcile our visions” in the next Congress. The two do not agree on much. Hensarling wants to reform Dodd-Frank, while Waters wants to strengthen the legislation that is crippling small banks with regulation.
Waters also said she intends top push for “housing finance reform” and a financial system that “facilitates economic opportunity and wealth creation for all.”
“Housing finance reform, in particular, will be crucial to ensuring the long-term success and stability of our economy,” Waters said. “I believe we need a financial system that facilitates economic opportunity and wealth creation for all, and I stand ready to work with my colleagues towards that goal.”
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