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Ethics Probe Out of the Way, Maxine Waters Becomes Top-Ranking Dem on House Financial Services Committee

Dec. 5, 2012 9:06pm Becket Adams

Despite Bailout Handout Scandal, Maxine Waters Takes Top Spot on House Financial Services Committee

Rep. Maxine Waters, D-Calif. (AP)

Just months after being cleared of ethics violation charges, Rep. Maxine Waters (D-Calif.) on Tuesday was officially named the top-ranking Democrat on the House Financial Services Committee, The Hill reports.

The California congresswoman promised to work with Rep. Jeb Hensarling (R-Texas), the committee’s new chairman, to help reform housing finance.

“Housing finance reform, in particular, will be crucial to ensuring the long-term success and stability of our economy. 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,” she said.

However, although Rep. Waters said in a statement that she hoped both Rep. Hensarling and herself could “reconcile [their] visions” concerning housing finance reform, there is little hope the two will find any common ground in regard to the Dodd-Frank financial reform law.

“I look forward to working with my colleagues to protect, defend and implement the important provisions of Dodd-Frank,” said Rep. Waters, stressing her vow to defend the controversial bill from conservatives who’d rather see it done away with.

Rep. Waters was the immediate choice of Democrats to replace Rep. Barney “what housing bubble?” Frank (D-Mass.) after he announced he would not run again in 2012. However, her nomination was held up by an investigation regarding bailout funds directed toward a bank where her husband owns stock.

She had been under investigation since 2009, starting with the independent Office of Congressional Ethics. The case later shifted to the Ethics Committee, where it has caused much dissension.

She was cleared of all charges in September and her grandson, Mikael Moore, took the fall.

Rep. Waters was unanimously selected to be the ranking member of the committee Tuesday by the House Democratic Caucus.

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Featured image courtesy Getty Images.

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Comments (71)

GuruMeditation
Posted on December 6, 2012 at 8:14am
Hehehe… something to really be proud of. (sarc)

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- turkey13
  Posted on December 6, 2012 at 11:11am
  Remember when Nancy was going to drain the swamp 4 years ago.Six of Obamas Szars had to decline because of tax problems & Turbo Timmy blamed his on Turbo Tax. Charlie TRangel was found to owe almost $800,000 to IRS because he didn’t think you had to pay on foreign investments. Then we found out Obamas Trillion $$ bailout to the big banks also included Maxies hubands small bank in California and she justifies it because it was the only bank that loaned to the poor blacks.If this had been a small white owned bank they would be out of business. Republican or Democrat these ethic probes go nowhere. No party lines for all the greedy politicians—TERM LIMITS will cure.
  
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- LIBSALWAYSLIE
  Posted on December 6, 2012 at 1:34pm
  Hard to imagine but its true, a racist, ignorant, stupid, pathetic, lying piece of liberal garbage is on the House Financial Services Committee. This hate filled imbecile has no business holding any position of power. She should be working at a burger joint somewhere, nothing more.
  
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- ltb
  Posted on December 7, 2012 at 12:37pm
  Typical. A Conservative gets accused of malfeasance and he’s forced to resign, a Liberal commits a felony and she gets promoted.
  
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HKS
Posted on December 6, 2012 at 7:17am
In case anyone was wondering why were broke and owe the rest of the world our soul, just look at was watching the cash register for the last 20 years. Now we went from bad to worse, pitiful, just pitiful.

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M4-A1
Posted on December 6, 2012 at 6:43am
The just pu the Fx in thehen house and nobody cares.

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TonyFox
Posted on December 6, 2012 at 6:25am
This women is dumber than a piece of WOOD. She needs to get her dumb Black ass out of Washington.

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- just the facts
  Posted on December 6, 2012 at 9:02am
  Wow. That is a face that could launch 1000 ships and never have them return.
  
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- joey g
  Posted on December 6, 2012 at 9:46am
  she is joke for sure ,,,but ask the average drone who she is and they will say its some kinda
  “kotex”
  
  remember there are over 45 million of us…keep fighting
  
  Report this comment
OVMAMA
Posted on December 6, 2012 at 6:11am
As a Realtor… I tell you what, “I am sooo freakin thrilled she will be over seeing the Housing finances…..” Speaking of the housing…. I have seen no one really talking about this. starting on Jan. 1st, 2013…, 2 new things will occur w/the housing: The fha loan. First, The PMI insurance rate is going up and will be with the loan for life were as currently, if you have a 78% value w/the home on your FHA loan, you can drop the mthly PMI rate from your mortgage payment & second. All brokerages must do inhouse auditing. The IRS will have the right to do radom auditing and your papers must be ready at all times, for the potential audit from the IRS. (Between you and me-If you are a good business person, your books should be in order anyways-but hey, who am I to say anything-the IRS needs to throw around some weight even more so with us Realtors, starting Jan 2013). Like I said in the beginning, “I am sooo thrilled with the new boss lady”
Oh yeah, one last thing.. I never hear anyone talk about this one either…. Last Nov. 2011, the National Assoc. of Realtors went global w/our organization.

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- piper60
  Posted on December 6, 2012 at 6:19am
  Let’s build a bridge over Maxine Waters-that might calm her down!
  
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- redfish52
  Posted on December 6, 2012 at 6:47am
  @ovmama….ok lets see….you are obviously a black woman….you probably have an un-ethical background due to your backing this criminal…(your types tend to stay together…you voted for Obama and you have no clue what Socialism is but because it is in Europe you think it would be cool to have it here..Oh and your one of the greedy realtors that help cause the housing bubble.
  
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- girlnurse
  Posted on December 6, 2012 at 2:35pm
  OVMAMA: Its people like you who are destroying this country! Yea lets just give the IRS more power….as if they don’t already have enough..Why don’t you just knock on North Koreas door and ask them if you can come in because I don’t wanna live in a world like that but apparently you do! As far as the PMI situation…you just confirmed for me I will never buy another house..between the illegal “property tax” and the IRS now breathing down your neck you’re NEVER really own anything outright anyway. sigh…..why do you need to be controlled by the government/IRS??? Haha..its the government that needs to get the &*** out of the way and things would drastically improve! Bahhhh Bahhhhh SHEEP!
  
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DMENTED
Posted on December 6, 2012 at 4:59am
Is that a booger on the tip of her finger?

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- douglasfunk
  Posted on December 6, 2012 at 8:29am
  Not sure DMENTED but that is one on the top of her shoulders.
  
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Moozmom
Posted on December 6, 2012 at 4:51am
Appointments galore! Does anyone know what Maxine Waters credentials are? Education and experience? Maybe I can get the info on a website; I’ll look;. Just curious-keep hearing about appointees and committee members and it’s time for me to understand what makes a politician great or not so great; dangerous and not so dangerous.

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JACKTHETOAD
Posted on December 6, 2012 at 4:48am
I think I just woke up in hell. I need to find Dr, Mengele and hit him up for two aspirins. …ooh, my head.

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betterpart
Posted on December 6, 2012 at 4:28am
No doubt like Rnagel, this foul and vile character paid her way out of an investugation for thievery and deceit.

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Azautoman
Posted on December 6, 2012 at 1:37am
This Congress-coon is dumber than a bag of hammers! She has the intellect and understanding of spam..who in their right mind would reelect this complete waste of skin!! The world has gone mad!

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- willingtoupe
  Posted on December 6, 2012 at 6:47am
  Now thats what I Kall Kompassionate Konservatism. As long as the G.O.P keep the likes of you around, they will never obtain power again…People like you and Mourdick cramp the style of the Republicans.
idarusskie
Posted on December 6, 2012 at 1:08am
at least barney franks had some brains. This woman is soooo stupid. look for her to try and take over the oil companies.

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stotlaat
Posted on December 6, 2012 at 1:01am
How appropriate. Want to see harmful bacteria up close? observe. Have this one over for dinner and you won’t have a full set of silverware anymore.

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BannedByHuffpo
Posted on December 6, 2012 at 12:32am
Waters is the most disgusting, uneducated, illiterate, racist bigot moron to ever occupy the office as a congressional representative. She is a disgrace to all civilized human beings in her district, except of course those parasite morons that keep electing her.

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- willingtoupe
  Posted on December 6, 2012 at 7:03am
  You forgot to mentioned the uneducated sexist, not properly following and applying religious nuts like Bill Maher and Mourdock.
- willingtoupe
  Posted on December 6, 2012 at 7:13am
  It’s Todd Akin and Mourdock with the rape comment, not Bill Mahers
fooltx
Posted on December 6, 2012 at 12:28am
wow, is this the best the black community can come up with, this woman is dumber than a stump, and would like to apologize to the stump. do black people understand how they present themselves when they keep electing these IDIOTS. waters, rangle, jackson, lee, sorry massa, give me a break, not to say there isnt dumb white people, quite a few voted for pobama, UGH.

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- willingtoupe
  Posted on December 6, 2012 at 6:56am
  Well It’s a money thing, Elisabeth Warren is someone to fear even more.
dontbotherme
Posted on December 6, 2012 at 12:20am
She was cleared. She was cleared? She was cleared! She is one of the most hate filled, racist, dishonest women……. There is no justice served against our criminal Congress. They are above the law.

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- phil1765
  Posted on December 6, 2012 at 5:14am
  I want to know how the hell the blame fell to her grandson. As far as I know he isn’t a represenative and therefore should have no pull as far as where stimulus money was distributed. His Granny however is a represenative from the state of Californina and therefore did have some pull on distribution of the non-stimulus funds. One off the wall question here, just what exactly did that almost 900 billion dollar stimulus bill actually stimulate?
  
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RDMercer
Posted on December 6, 2012 at 12:16am
That pos needs to meet with a serious accident.

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pookieamos
Posted on December 6, 2012 at 12:13am
Somebody please explain how this wicked witch even gets re-elected ??? Just kidding, we know why she is supported ,her constituants are illiterate in economics and history. This country is so far gone , short of 1776 II , it’ll be impossible to repair the damage !!

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- willingtoupe
  Posted on December 6, 2012 at 7:05am
  We have no Term Limits!
jvrat
Posted on December 5, 2012 at 11:59pm
Why it keeps getting worse- now, just lowered bar again Who is she?

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- GardenoftheGods
  Posted on December 6, 2012 at 11:52am
  Remember..she’s the Socialist…who would be, would be all about stealing your business…A self-avowed socialist in power in the US Congress…what a freaking disgrace! As for the a**wipes who keep putting her in office..you damn fools! She’s getting richer & you’re getting poorer! Will you EVER wake up??
  
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1HonestInjun
Posted on December 5, 2012 at 11:57pm
Maxine Waters is on the House Financial Services Committee. Charley Rangel on the Ways and
Means Committee that writes the tax laws. Folks you couldn’t make this stuff up, no one would
believe you. She helped bailout a bank her husband owned stock in. Charley didn’t pay his taxes.
Next we’ll read where the U. N. has Cuba, Russia, and Libya on the human rights council, and
Maxine and Charley will be new members in Mensa.

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Chiron Pyrope
Posted on December 5, 2012 at 11:55pm
If God is just she will die an agonozing death and spend eternity in the pits of hell.

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- KangarooJack
  Posted on December 6, 2012 at 9:51am
  Whoa! Just stop that. I can’t stand her, but that post was over the top.
  
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Dseosg
Posted on December 5, 2012 at 11:32pm
I can’t believe how crazy this nation has become. This is beyond sick. Could somebody just hit me in the back of the head with a shovel and end it all now. The media loves this lady. Think God for people like Glenn Beck.

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valleyfever
Posted on December 5, 2012 at 11:31pm
We get the government we deserve unfortunately.

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YankeeDelta68
Posted on December 5, 2012 at 11:29pm
congress= no expectation,no regrets.

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- deiernhart8
  Posted on December 6, 2012 at 1:04am
  Why do you all keep blamming congress? This was Obamas pick. He place her in this job. They didnt need R’s to vote on this one.
  Rep. Waters was unanimously selected to be the ranking member of the committee Tuesday by the House Democratic Caucus
  
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- willingtoupe
  Posted on December 6, 2012 at 6:58am
  DEIERNHART8 Love the Avatar! But Congress is to blame, have you’ve seen the latest House of Rep Committee pick? You should be pist! but happy that Maher and Mourdock didn’t win.
freedomisasfreedomdoes
Posted on December 5, 2012 at 11:21pm
It’s no wonder Congress has such low approval ratings. Obviously they don’t take their positions of power seriously or their sworn oaths. Pitiful and pathetic.

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savagenatn
Posted on December 5, 2012 at 11:19pm
this racist pig was probably in charge of the ethics committee investigating herself like the equally vile racist charles rangel a few years ago

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