Maxine Waters Getting Subpoena Powers And She Promises To Bring Hell With It

November 12, 2018
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Although for years we have been hearing that it doesn’t matter which party controls Congress we are about to get a crash course in the fact that elections do in fact have consequences.

And with the Congresswoman who called for attacks on Trump supporters Maxine Waters at the help of the House Financial Services Committee things are about to get a whole lot nuttier than we have ever seen before.

Here is more via Axios:

“With control of the House of Representatives, Democrats now control the House Financial Services Committee, which will almost certainly be chaired by Maxine Waters. Waters has been on the committee for 28 years, which means that if anybody can get things done, she can. What can we expect under her gavel?

Be smart: With Republicans controlling both the Senate and the White House, don’t expect a raft of progressive legislation in the next two years. But Waters doesn’t just have an aggressive oversight agenda — she also has subpoena power, and she won’t be afraid to use it.

Wells Fargo recently admitted that 545 of its customers lost their homes after being improperly denied loan modifications that would have lowered their mortgage payments. With the Consumer Financial Protection Bureau rendered otiose by Republican control, expect Waters to step into the breach and start taking names.

Deutsche Bank is deeply intertwined with both Donald Trump and Russian money laundering; it has much to fear from Waters. Go deeper.

Also on Waters’ list of priorities: housing, flood insurance and payday lenders.

“I have not forgotten you foreclosed on our houses. … What am I going to do to you? What I’m going to do to you is fair. I’m going to do to you what you did to us.”

— Maxine Waters, to the banks, at the Black Women Network Breakfast on Nov. 2

What else is happening: The midterm elections changed the business landscape with both ballot measures and with new oversight in the House. Minimum-wage increases passed in Missouri and Arkansas, both of which were states where Republican lawmakers refused to make such a change on their own. Those statewide increases come on top of many city-level hikes.

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