Maxine Waters

  • 20 May 2010 at 3:10 PM

Ben Nelson Clueless About ATMs

By

Ok, so we can sort of understand the utter ignorance of many lawmakers about markets and modern finance in general. We can’t expect all of them to possess the kind of Maxine Watersesque encyclopedic knowledge of swap credit defaults and other complex derivatives.

But never using, and therefore by extension, not knowing how to use an ATM machine is just beyond dumb. I mean, how out of touch with reality do you need to be to still drive up to the bank teller, fill out a withdrawal slip and wait for the cash?

Just ask Democratic Sen. Ben Nelson. Continue reading »

  • 19 Jun 2009 at 4:40 PM

Mad Max Is Back At It

By

Maxine Waters.jpgGoldman Sachs super fan Maxine Waters has her eyes on another group of evildoers and is doing something about it. The recently introduced Stop Vulture Funds Act seeks to prohibit vulture funds from suing poor countries to obtain usurious payments. No doubt it took her every ounce of restraint to avoid naming names when she described the fundamental problem.

“Over the past year, we have seen how the actions of a small number of unscrupulous and exploitative investors can hurt innocent people and cause economic chaos. We cannot allow the world’s poorest countries to be exploited by these bad actors.”

As a reminder, this is where the legislation is coming from.
US bill would outlaw vulture funds [Guardian.co.uk]

  • 27 Mar 2009 at 11:59 AM

BINGO To The Max

By

maxbingo.png