Renewed Push To Curb Money Laundering Could Threaten Wall Street

By: Thursday November 7, 2013 8:52 am

New legislation being proposed in Congress meant to crackdown on illegal money laundering could pose a problem for Too Big To Jail banks on Wall Street that frequently make use of offshore business entities to avoid taxes and regulations. Bills proposed by representatives Maxine Waters and Carolyn Maloney would close many of the loopholes corporations [...]

Maxine Waters Easily Attains Ranking Democratic Spot on House Financial Services

By: Tuesday December 4, 2012 3:17 pm

On both sides of the Capitol, there was news on the committee that holds oversight responsibilities over Wall Street today. In addition to Elizabeth Warren getting her spot on the Senate Banking Committee, Maxine Waters assumed the spot of ranking member on the House Financial Services Committee. Here’s her statement: I am deeply humbled to [...]

Waters Cleared in Long-Running Ethics Case

By: Friday September 21, 2012 12:15 pm

The House Ethics Committee has cleared Maxine Waters of wrongdoing in a celebrated but thin case over whether she improperly set up a meeting between the Treasury Department and a troubled bank in which her husband had a stake. Her chief of staff (and grandson), Mikael Moore, still faces scrutiny. But Waters “went above and [...]

House Democrats Call Out Administration on HARP 2.0

By: Wednesday May 30, 2012 8:19 am

A group of over 50 House Democrats are calling out the Obama Administration for their management of the HARP 2.0 program. In a letter to Treasury Secretary Timothy Geithner and Acting Director of the Federal Housing Finance Agency Ed DeMarco, the Democrats, led by Rep. Maxine Waters, point to data showing that the new version [...]

Waters Challenges Khuzami on Securitization Fraud Task Force, Gets Revealing Answers

By: Friday May 18, 2012 8:17 am

I don’t know how House Democrats managed to get a hearing in the Financial Services Committee on the SEC’s tendency to settle with financial firms and allowing the companies to get off without admitting wrongdoing, but I’m glad they did. This put Financial Services Committee chair Spencer Bachus (R-AL) in the unusual position of saying [...]

Check Off Another Securitization Fraud Task Force Promise

By: Wednesday May 9, 2012 11:36 am

One of the items Eric Schneiderman has been using to push back on claims that the Residential Mortage Backed Securities (RMBS) working group is being slow-walked and made ineffectual is that they have a funding stream earmarked for it that testifies to the seriousness of effort with respect to resources. In an op-ed two weeks [...]

Democrats Try to Reverse Stand Your Ground in Appropriations Bill

By: Tuesday May 8, 2012 1:37 pm

In the House appropriations bill for Commerce, Justice and Science that will get preliminary votes today, Progressive Caucus co-chairs Keith Ellison and Raul Grijalva will introduce a “Stop Shoot First Laws” amendment, a direct reaction to the death of Trayvon Martin, whose death and ensuing trial may turn on Florida’s “Stand Your Ground” law. The [...]

Rep. Maxine Waters, CPC Members to Eric Schneiderman: Hire Rep. Brad Miller as Your Cop on the Beat

By: Thursday April 26, 2012 3:31 pm

The Congressional Progressive Caucus met with New York Attorney General Eric Schneiderman today for a hearing on how to prevent a million foreclosures.  Not much happened at the hearing.  More interesting was a letter sent by members of the CPC authored by Maxine Waters to Eric Schneiderman asking him to hire Rep. Brad Miller to [...]

Knives Already Out for Waters After Frank Retirement

By: Tuesday November 29, 2011 8:56 am

I looked yesterday at what Barney Frank’s retirement would mean for the all-important House Financial Services Committee. The next in line to represent Democrats as the leader of that committee is Maxine Waters, and I thought there would be significant pushback to her attaining that leadership role. It turns out that I was right. There’s [...]

Barney Frank’s Retirement Leaves Jockey for Position on Financial Services Committee

By: Monday November 28, 2011 9:24 am

As you may know, Rep. Barney Frank plans to retire, which means by next year, both lead co-sponsors of Dodd-Frank will be out of Congress, having secured a legacy of sorts through attaching their names to that legislation. Frank, who has been in Congress since 1980, reportedly sought retirement after redistricting maps were completed. Frank’s [...]

House Democratic Frustrations Boil Over

By: Friday August 19, 2011 12:15 pm

I have heard about a growing discontent inside the Democratic House with the President. This has started to bubble to the surface. Here’s Rep. Maxine Waters (D-CA): U.S. House Rep. Maxine Waters is asking black voters who are struggling with an unemployment rate nearly twice the national average to “unleash” her and other members of [...]

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