Christmas Come Early: Entire House Financial Services Committee Hearings To Be Devoted To Asking People Who Their CEO Is

Rep. Maxine Waters (D., Calif.) was tapped Tuesday by House Democrats to serve as the ranking member on the influential House Financial Services Committee, promoting a vocal liberal who has long been critical of Wall Street. Ms. Waters will succeed Rep. Barney Frank of Massachusetts, who is retiring at the end of the year, as the top Democratic voice on banking and financial services matters in the House of Representatives…Outspoken and not afraid to go toe-to-toe with Republicans, Ms. Waters is in her 11th term in Congress. She’ll be joined at the head of the dais by Rep. Jeb Hensarling (R., Texas), who was chosen by House Republicans to serve as chairman of the panel next year. [WSJ, earlier, related]

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51 Responses to “Christmas Come Early: Entire House Financial Services Committee Hearings To Be Devoted To Asking People Who Their CEO Is”

  1. PermaGuestII says:

    Wouldn't it be nice if the fiscal cliff, instead of being a metaphor, was an actual, physical *cliff* that the politicians would fall off on Jan. 1st?

  2. Deleveraging says:

    You know this will just compound the entertainment value of this committee.

  3. MP. says:

    Clearly, we are in an incompetence bubble. This is the equivalent of BAC getting Countrywide at $4 billion.

  4. Headless Horseman says:

    After an exhaustive search, they literally couldn't find anyone less competent.

    Loudly spewing angry noises > thoughtful consideration of complex issues

    – The Ghost of Headless Horseman

  5. anonhfm says:

    Frank for Waters swap:

    Take out 40 points of IQ
    Go up 1/2 a cup size
    Flat in corruption

  6. Guest says:

    Just when I thought Congress couldn't get any dumber, they go and do something like this, and totally redeem themselves!

  7. VonSloneker says:

    So the grumpy cashier at the supermarket is now House Financial Services Committee chair? Anything is possible in America, what a country.

    – Rest of World

  8. Maxine says:

    All you jive turkeys have just been put on notice.

  9. Guest says:

    Ha ha, very funny, Bess. Now tell us who will be the real ranking member.

  10. MC Gusto says:

    You are now about to witness the strength of street knowledge.

  11. 20045 says:

    Maxine Waters makes a strong argument against civil rights

  12. Guest says:

    It's only fitting. Works well in the master plan to destroy Wall Street.

  13. Guest says:

    Hey, I love an incompetent regulator/overseer as much as the next guy, but this fucking ridiculous.

    It seems she takes every opportunity to showcase that she has no idea how the financial system actually works.

    – Your friendly neighborhood FIG banker

  14. Guest says:

    Fowad, fo shizzle!

  15. VonSloneker says:

    Every Mad-Max post should include an "examine your motives" tag.

    – Unsolicited advice guy

    • Worst Case Scenario says:

      Unfortunately, that could lead to markets totally freezing up as desks all over the world are locked in eternal introspection.

    • Guest says:

      Motives examined, she's a fucking moron.

      • Irony Mikey says:

        Totally agree.

        – a black guy

        • Guest says:

          So you think you can speak for all of us now?

          – A 51 year old pregnant African-American disabled Vietnam-era-veteran Buddhist lesbian born in a foreign country.

          • Tanker2Banker says:

            Damn, if only your religious box is checked in a category other than Christian, and you have American Indian relatives, we have nearly uncovered the ultimate minority…The fabled black muslim handicapped pregnant lesbian veteran of American Indian Heritage.

            Think of it! You could literally SHIT on your bosses desk, and those of you co-workers, and no one would ever fire you.

          • liz warren says:

            native american you say?

          • PermaGuestII says:

            You enlisted in the military at the age of 12?

            -child soldier quant

          • Guest says:

            "Enlisted" "Drafted"… same thing.

            – J. Kony

  16. guest says:

    The democrats aren't just going to stand by and let the GOP be the only major party willing to elevate their insane and incompetent (palin, bachman, perry, et al) bit players to positions of national prominence. No sir.

  17. St. Copious says:

    There's a trade here: Long any bank in which Maxine's husband is a shareholder; short the hell out of any competitors.

  18. Nominating committee says:

    We were kidding! Dear God, what have you done!!?

  19. guest says:

    Not to sound racist, but I'm really glad that gay guy is gone from this committee

  20. Ebony, October 1998 says:

    “There were mothers who took this as an opportunity to take some milk, to take some bread, to take some shoes…They are not crooks.”

    Examining motives.

  21. Captin Jones says:

    Giving a machine gun to a monkey

  22. Guest says:

    Honkey bankers better check yo elf…cuz Im gunna tax yo elf.

    Maxine Claus

  23. Herb Schmertz says:

    We're going to play a wonderful game called, "Who is your CEO, and what does he do?"

    – Mr. Kimble

  24. engineer over here says:

    This isn't the hat-lady ?

  25. engineer over here says:

    This isn't the hat-lady ?

  26. guest says:

    Outstanding. Obama asking for tax rate advice from Al Sharpton and Rachel Maddow while Waters is going to be holding court asking everyone if they paid themselves fees. You can't make this stuff up.

    Man, who else breathed a sigh of relief when Jax didn't let Tig die last night?

  27. Al Cervik says:

    Last time I saw a mouth like that it had a hook in it.

  28. Howard Johnson says:

    The Sheriff is near!