Saturday, December 14, 2019

VIDEO: Maxine Waters Makes A Fool Of Herself

During a hearing of the House Financial Services Committee, the committee’s head Rep. Maxine Waters  demonstrated just how little she keeps up with financial issues.

Bringing up the issue of student loan debt, Waters turned to the gathering of big bank CEOs demanding to know what they intended to do about it.

But by simply asking that question Waters showed that she was nearly a decade behind the issue.

“Who would like to answer first? Mr. Monahan, big bank?” Waters began with the CEO of Bank of America.

“We stopped making student loans in 2007 or so,” Monahan replied.

Thinking his answer to be a fluke, Waters moved on to the next CEO in line, Michael Corbat of Citigroup.

“We exited student lending in 2009,” Corbat answered when called.

Most people would have noticed the odd coincidence, maybe eve going so far as to note a pattern. Not Mad Maxine who posed the same question to Jamie Dimon who is CEO of J.P. Morgan.

Perhaps he was taking pity on the Democrat, as Dimon revealed to Waters, “When the government took over student lending in 2010 or so, we stopped doing all student lending.”

Waters ha apparently not kept informed that the Obama administration ended the practice of private banks issuing federally-guaranteed students loans by having the government issue the loans themselves.

Something the head of a finance committee should probably already now given how long ago it happened. 

In the video below, after being outed for her embarrassing lack of knowledge, Waters immediately moves to the next accusation to cover her shame. 

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8 Comments

  • James Lowder

    If all these people owing so much for student debts would stop living extravagant lifestyles they could pay back their loans.

    Reply
  • Gideon Rockwell
    Gideon Rockwell

    If Psycho Waters is the best her district has to offer, no wonder Kalifornia is in such screwed up shape.

    Reply
  • John W Zoln

    A fool cannot be made a fool Mad Max was born that way and fooled the people that put her in office to be their fool.

    Reply
  • Barb Brown
    Barb Brown

    It really gets old watching waters make a fool of herself, time after time……time to retireor just enter a retrement home..

    Reply
  • Audrey Jane Budzynski

    She should have better prepared herself with what everybody already knows.

    Reply
  • Holly 94
    Holly 94

    Is senility part of the job? If so, she gets my vote for excellence in that category.

    Tell me…do we actually pay this person? To whom does she report accountability-wise?
    GOD…Help!

    Reply
  • john
    john

    another democratic crook being a dumass ,build the wall to seperate california from the rest of the country!

    Reply
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