To get an idea of what it means to be ruled by Democrats, consider that Maxine Waters (D-CA) chairs the House Financial Services Committee. She explicitly encourages unruly mobs to harass Republican officeholders, and has been creditably accused of bank fraud. She recently indicated how much she knows about financial services while grilling bank CEOs regarding what they plan to do about the student loan crisis:
“Who would like to answer first? Mr. Monahan, big bank?” Waters said to Bank of America CEO.
“We stopped making student loans in 2007 or so,” BoA CEO Brian Monahan replied.
So, Waters went down the line. “Mr. Corbat?” she said to Citigroup CEO Michael Corbat.
“We exited student lending in 2009,” Corbat responded.
Waters still hadn’t caught on, and asked J.P. Morgan CEO Jamie Dimon the same question. Dimon finally explained the situation to her.
“When the government took over student lending in 2010 or so, we stopped doing all student lending,” Dimon told Waters.
The federal government’s socialist seizure of the student loan industry was supposed to help fund Obamacare. Waters has threatened to do the same thing to the energy industry, which would leave us shivering in the dark. If she makes good on her threat, afterward she will search for the CEO of Exxon, to make him explain why her limousine won’t go with no gas in the tank. To put it politely, Maxine Waters suffers from cognitive disability.