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.
The Ethics Committee cleared Waters of any wrongdoing, because it could not find “clear and convincing evidence” that Waters used her influence and position to directly help OneUnited Bank secure a $14 million federal bailout from the TARP program. Six members actually recused themselves from the investigation.
The Ethics Committee did send Waters’ grandson and chief of staff, Mikael Moore, a letter of reproval for his role in taking “certain actions on behalf of OneUnited when he knew or should have known” of his family’s financial interest.” Waters’ office aggressively lobbied the Treasury Department in 2008 to secure bailout funds for OneUnited Bank.
Moore told the committee he had no idea his grandfather owned stock in OneUnited Bank and said it was an “impossible standard” for him to have to find out whether his family members potentially owned stock in banks for which his office was trying to secure bailout funds.
Melanie Sloan, head of the left-leaning Citizens for Responsibility and Ethics (CREW), said then that Moore’s employment in his grandmother’s office “set the stage for potential problems.”
“In light of this case, perhaps now the Administration Committee will add grandchildren to the list of relatives members may not employ,” she said.
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.”
Archive for the ‘corrupticrats’ Category
I don’t often reference the New york Times, but you need to read this first:
Sounds like a more accurate and truthful way to do the measuring, right?
Now read this from the census Bureau:
Now answer the question:
Who benefits by quoting overstated poverty numbers?
The environmental agenda has been infected by extremism—it’s become an economic suicide pact. And we’re here to challenge it. On Earth Day, visit http://www.freemarketamerica.org.
We all know why the Watermelons (Green outside, red inside) want America to fail. A failed state is ripe for totalitarian takeover. Just ask the Germans, the Russians, the Chinese, the Cubans, the Venezuelans, the Vietnamese, the Rhodesians (if you can find any), soon the Argentinians. and on and on and on
And to remind you of how long the Watermelon totalitarians and their media accomplices have been working on this:
From Newsweak (sic) April, 28, 1975
Otherwise known as dumbing down the populace in order to enable politicrats to feed on them while encouraging their ignorance. A few more years of this and they will be eligible for the Occupy Movement. (The latest incarnation of the Hitler Jugend.)
Whatcha wanna bet they can recite all sorts of Malthusian-Luddite fables and fantasies about DDT, anthropogenic global warming, overpopulation, wind power, solar power and peak oil? Of course they won’t be able to tell you who T. R. Malthus or Ned Ludd were or about their actual disproved theories, the successors of which are are the Watermelons’ (Green on the outside Red on the inside) political platform aspiring to lead to an Animal Farm/Bolshevik revolution leading to their desired three class society. (Did you know Bolshevik means “Majority”, which they weren’t? Seems that the Occupy Movement, who aren’t the 99% are taking a page from Lenin’s playbook, nyet?)
The three classes obviously desired
1. Those who rule government
2. Those who work for government
3. Peasants that live off the “benevolence” of government
Protectionism bought and paid for by the Minnesota Funeral Directors Association, I betcha.
Verlin Stoll is a 27-year-old entrepreneurial dynamo who owns Crescent Tide funeral home in Saint Paul, Minn. Verlin has built a successful business because he offers low-cost funerals while providing high-quality service. His business is also one of the only funeral homes that benefits low-income families who cannot afford the high prices of the big funeral-home companies.
Verlin wants to expand his business, hire new employees and continue to offer the lowest prices in the Twin Cities, but Minnesota refuses to let Verlin build a second funeral home unless he builds a $30,000 embalming room that he will never use.
Minnesota’s law is irrational. Embalming is never required just because someone passes away and the state does not even require funeral homes to do their own embalming. In fact, it is perfectly legal to outsource embalming to a third-party embalmer. Minnesota’s largest funeral chain has 17 locations with 17 embalming rooms, but actually uses only one of those rooms.
Why is Minnesota forcing Verlin to waste $30,000 on a useless embalming room as a condition of expanding his thriving business?
So that the big, full-amenity funeral-home businesses can benefit from a law that drives up prices for consumers and operating expenses for competitors such as Verlin. Verlin’s basic services fee is only $250, which is about 90 percent lower than the $2,500 that the average Twin Cities’ funeral home charges. Verlin’s business model is built on minimizing fixed costs, which is why he does not have a hearse or chapel, and this law—to the advantage of his competitors—stands in the way of him expanding his low-cost, high-quality approach.
The government should not force Minnesotans to do useless things. That is why on January 19, 2012, Verlin and the Institute for Justice challenged the law in state court.
The Minnesota Constitution protects every Minnesotan’s economic liberty, which means that it protects entrepreneurs from being burdened by legal requirements that are either useless or designed to suppress honest competition.
A victory here will not only free Verlin from an unconstitutional restraint on his economic liberty, but protect entrepreneurs across the state from pointless laws and bureaucracy.
This shouldn’t surprise anyone. It is a result of the seniority provisions written into congressional rules that provide job security by distributing power to the old and senile over the young and bright until the younger are co-opted and corrupted into the “proper” attitudes of the royal political elite.
The increasingly vitriolic debate over whether or not to extend a payroll tax cut and jobless benefits for two months has dominated the news recently, but no one seems to be factoring in that the $33 billion-cost for the bill will actually be footed by United States homeowners, who are already struggling to make mortgage payments. While the Senate, the House of Representatives and the president lob accusations and demands back and forth across the aisle and across the capitol, there is little acknowledgement that even the unpopular two-month cut, which is nothing more than a stop-gap measure and, many argue, un-implementable anyway, is going to literally cost taxpayers an arm and a leg.