Maxine Waters Will Replace Bawney Fwank As Top Dem On Powerful House Financial Services Committee…

Weasel Zippers  "Here’s something that will keep you up at night, if the Dems retake the House Maxine Waters will be the chairwoman."

The Hill has this:

"“Rep. Frank has always been a formidable but fair legislator who understands financial markets and the indispensable role banks play in the broader economy,” Frank Keating, the chief executive of the American Bankers Association, said in a Monday statement.

"Waters, on the other hand, is seen as more of a hard-line opponent.“She’s not a good face of the issues,” one financial executive said. “She’s too much of a bomb thrower.” "

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"In making their choice, party leaders will have to face other knotty issues, most notably an ethics investigation centered on Waters and her husband’s business interests."

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"Waters is expected to gain the support of the Congressional Black Caucus as she angles for the top spot."

allrightmagazine.com