Don Surber . . . "Politico reported, "Big banks are bracing for their CEOs to be called to testify soon at what could be an intense House hearing led by new Financial Services Chairwoman Maxine Waters, sources familiar with the matter said.
" 'The details of the hearing, anticipated to happen by this spring, have not been finalized, but lawmakers and bank representatives are expecting it.
" 'The banks that are seen as likely to be invited to participate include JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley. Spokespeople for several of the banks declined to comment, and others didn't respond.
" 'In a preview of the kind of tone the lenders should expect to face, Rep. Emanuel Cleaver (D-Mo.) told Politico he wanted to hear from the executives 'why we bail them out and can't experience any meaningful support from them in times of trouble.'"
"The banks got in bed with Democrats. Maybe Democrats will pass laws that protect the banks from competition like they did with Dodd-Frank Act, and maybe the banks will give Waters and Cleaver cheap loans like they did with Dodd and Frank. In fact, I will bet on it." . . .
Maxine Waters' Extreme Agenda "There's trouble ahead for banks, Wall Street, and upscale suburbs. Not to mention President Trump. Elections have consequences. One of the biggest is that firebrand Congresswoman Maxine Waters is the new head of the powerful House Financial Services Committee. That gives her power over banking, the securities and insurance industries, and the Department of Housing and Urban Development.
"Egging her on to pursue a far-left agenda will be new committee members like self-styled Socialist Alexandria Ocasio-Cortez , "motherf***er"-shouting Rashida Tlaib, Elizabeth Warren acolyte Katie Porter and radical Ayanna Pressley.
. . .
"That's Waters' distorted interpretation of what happened. In fact, throughout the 1980s and 1990s, Congress used the Community Reinvestment Act and anti-discrimination laws to coerce banks into making mortgage loans to low-income borrowers with lousy credit ratings and, in some cases, no down payment. The idea was to promote minority home ownership. But when the borrowers couldn't pay, lawmakers turned on the banks, accusing them of predatory lending. Waters is poised to repeat that failed experiment." . . .
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