A Message From Lucianne

Oops: Maxine Waters grills banks on student loan crisis even though feds took over in 2010

Original Article

Posted By: Ribicon, 4/10/2019 3:49:38 PM

House Financial Services Committee chairwoman Maxine Waters was brought up short Wednesday after she targeted banking chiefs over the student loan crisis, even though the federal government took over student lending in 2010. At a hearing featuring a panel of seven bank CEOs, Ms. Waters ticked off figures on student loan debt and defaults, then asked, “What are you guys doing to help us with this student loan debt? Who would like to answer first? Mr. Monahan, big bank.” Bank of America chairman and CEO Brian Monahan replied, “We stopped making student loans in 2007 or so.” Ms. Waters replied,


Did the Democrat Party place this utter moron, selected strictly because she is black, as chair of an important committee just to make black people look foolish? The Dems should be ashamed (though they have no capacity for it) and black people should be deeply offended at this affront.

Post Reply

Reply 1 - Posted by: jeffkinnh 4/10/2019 4:07:08 PM (No. 29726)
Of course the federal government took over something financial and proceeded to ruin it. Now they are trying to blame banks who have nothing to do with it. I will bet that loans made by banks prior to 2010 properly qualified students and most of them were capable of paying back the loans. Once the feds took over they passed out money to anybody and I´ll bet the default rate soared.

Yet another of government "help" that ends up hurting instead.

Waters is a moron. Thankfully she is willing to prove that on a regular basis.
72 people like this.

Reply 2 - Posted by: Krause 4/10/2019 4:07:21 PM (No. 29716)
Maxine doesn´t know what she doesn´t know. She doesn´t even know she made as azz of herself on live TV.
56 people like this.

Reply 3 - Posted by: Sardonic 4/10/2019 4:07:38 PM (No. 29731)
Dumber than a box of AOCs
96 people like this.

Reply 4 - Posted by: Mr. Know-It-All 4/10/2019 4:10:53 PM (No. 29739)
Auntie Maxine for President!!
16 people like this.

Reply 5 - Posted by: TLCary 4/10/2019 4:11:23 PM (No. 29718)
I admit it. I once called Mad Maxine “dumb as a bag of hammers”.
It was wrong and I’d like to apologize to bags of hammers everywhere.
55 people like this.

Reply 6 - Posted by: Mass Minority 4/10/2019 4:15:37 PM (No. 29742)
Am I the only one who remembers that the Feds took over all student lending and used the interest income from these student loans to offset Obamacare costs so the OMB could bring that magic 10 year obamacare cost number under a trillion?

In order to hide the true cost of Obamacare the feds bloated the student loan bubble to the point of bursting. And burst it will. Its a hard and fast rule in economics, that which cannot continue, won´t.
39 people like this.

Reply 7 - Posted by: P51DMustang 4/10/2019 4:19:06 PM (No. 29719)
Crazy Waters, what a moroon. This women could not even balance her check book.
23 people like this.

Reply 8 - Posted by: Nevadadad46 4/10/2019 4:28:11 PM (No. 29732)
Maxine Waters is so dumb, she would steal free samples. She´s so dumb, she would stand all day at a stop sign. Maxine is so dumb she takes an hour to make minute rice. She´s so dumb she has to use the phone book to look up the number for 9-1-1.

No. These are not jokes. Really, Maxine is very likely that dumb!
38 people like this.

Reply 9 - Posted by: M2 4/10/2019 4:30:16 PM (No. 29730)
No one ever accused her of being the brightest bulb in the socket.
17 people like this.

Reply 10 - Posted by: MrDeplorable 4/10/2019 4:35:15 PM (No. 29741)
It´s time for AOC to enter the Federal government´s Witless Protection Program and take up anonymous residence in a small town somewhere in northern Idaho.
26 people like this.

Reply 11 - Posted by: MrDeplorable 4/10/2019 4:37:29 PM (No. 29745)
Duhh, I meant Maxine Waters but AOC might want to join Mad Max in the Witless Protection Program. They could open up a coffee shop together.
22 people like this.

Reply 12 - Posted by: Rama41 4/10/2019 4:39:50 PM (No. 29725)
Priceless! Along with Barr, what a Great Day!
22 people like this.

Reply 13 - Posted by: Digger 4/10/2019 4:41:03 PM (No. 29724)
Take your gavel and pound it, Maxine!
22 people like this.

Reply 14 - Posted by: jinx 4/10/2019 4:47:23 PM (No. 29710)
It goes to show the world how hard up the Democrats are if they put her in charge of the Financial Services Committee. Isn´t she the one who paid her daughter $750,000 out of her campaign funds to fold brochures? She gets away with it because she is a black woman with a big mouth.
34 people like this.

Reply 15 - Posted by: Nimby 4/10/2019 4:49:42 PM (No. 29728)
Sounds like both she and her staff have bat guano for brains! They couldn’t even check to see the stuff she is spewing has any merit.
Well done CA! Keep electing this braindead individual to represent you.
21 people like this.

Reply 16 - Posted by: Rumblehog 4/10/2019 4:52:24 PM (No. 29746)
Reminds me of that old Simon and Garfunkel song, "Wig Over Troubled Waters"
28 people like this.

Reply 17 - Posted by: Edgelady 4/10/2019 4:53:31 PM (No. 29709)

Pelosi must be cringing!
20 people like this.

Reply 18 - Posted by: earlybird 4/10/2019 4:53:45 PM (No. 29747)
Ignorant, arrogant, pretentious, rude. Bad combination. She beclowns herself whenever she opens her mouth. A living cartoon character.
40 people like this.

Reply 19 - Posted by: earlybird 4/10/2019 4:55:52 PM (No. 29717)
Her mimicking Pelosi with that gavel was hilarious.

I wonder that those bankers could keep straight faces. One or two slipped a bit…

Witless Protection Program gets post of the day!
23 people like this.

Reply 20 - Posted by: OCJim 4/10/2019 5:11:43 PM (No. 29713)
Mad Max Waters lost in the Thunderdome of her own mind.
20 people like this.

Reply 21 - Posted by: qr4j 4/10/2019 5:13:39 PM (No. 29715)
She ain’t the brightest bulb on the Christmas tree, is she?!
19 people like this.

Reply 22 - Posted by: LadyHen 4/10/2019 5:23:19 PM (No. 29735)
Maxine Waters is dumb as a sack of hair but we all knew that already.

The enlightening bit of the article is at the end:
"The Obama administration eliminated the federal guaranteed loan program in 2010, putting the federal government in charge of student lending with the idea of saving taxpayer dollars by “cutting out the middleman,” as President Barack Obama put it.

Afterward, student loan debt exploded from $154.9 billion in 2009 to $1.1 trillion at the end of 2017, according to Investor’s Business Daily. Current student debt is estimated at more than $1.5 trillion."

And there ,in a nut shell, is exactly what bigger and bigger government does every single time. $150 billion to $1.5 trillion in less than 10 years.
37 people like this.

Reply 23 - Posted by: watashiyo 4/10/2019 5:27:08 PM (No. 29744)
FTA: "Afterward, student loan debt exploded from $154.9 billion in 2009 to $1.1 trillion at the end of 2017..." What followed next was the massive student loan DEFAULT, especially amongst the BLACKs. They thought so long as Doorknob Hussein was president, they didn´t have to pay back their student loan.

Btw, Maxine Waters still rewinds her DVD when she´s done.
15 people like this.

Reply 24 - Posted by: ginadee 4/10/2019 5:30:34 PM (No. 29711)
Pelosi is stupid to have given Maxine this chairmanship. They both need to turn their one brain in for a new one.
17 people like this.

Reply 25 - Posted by: agrunt 4/10/2019 5:40:08 PM (No. 29733)
She is not smart enough to hire smart people to protect her from things like this.
12 people like this.

Reply 26 - Posted by: MickTurn 4/10/2019 5:43:16 PM (No. 29748)
Hey MAD Maxine...what you hate was done by your Hero Obummer. Get a clue and SHUTUP!
17 people like this.

Reply 27 - Posted by: Folsomguy 4/10/2019 6:10:16 PM (No. 29714)
#15 she´s the brightest that area of
CA has to offer
19 people like this.

Reply 28 - Posted by: Omen55 4/10/2019 6:35:49 PM (No. 29721)
Making a fool of her is so easy it´s boring.
12 people like this.

Reply 29 - Posted by: Jerseyden 4/10/2019 6:40:36 PM (No. 29743)
I was surprised she could even read the questions that were written for her. I assume she didn’t come up with the questions on her own, but how dumb she must be to not even have reliable staff.
10 people like this.

Reply 30 - Posted by: Yepper 4/10/2019 6:51:56 PM (No. 29708)
If it was possible for MW and AOC to have a child, it would be severely mentally retarded. No offense to retards.
9 people like this.

Reply 31 - Posted by: LC Chihuahua 4/10/2019 6:59:07 PM (No. 29727)
Maxine could do her homework, and be more informed, but that´s not what she wants. She would rather be on TV running her mouth, and people that are as equally uninformed as her, would eat up whatever she says.
8 people like this.

Reply 32 - Posted by: Grampstosix 4/10/2019 7:15:29 PM (No. 29723)
More evidence for term limits.
10 people like this.

Reply 33 - Posted by: enemyofthestate 4/10/2019 7:16:09 PM (No. 29736)
Lip-flapper flaps her lips.
7 people like this.

Reply 34 - Posted by: rochow 4/10/2019 8:24:20 PM (No. 29729)
Only in America can one of the dumbest women in the country be the chairwoman of the House Financial Services Committee! This shriveled walnut brain does not know what she is talking about ever. She is the older version of AOC, and she really has trouble ´staying woke´!
7 people like this.

Reply 35 - Posted by: anniebc 4/10/2019 8:28:34 PM (No. 29722)
You can´t get any dumber than James Brown´s wig.
8 people like this.

Reply 36 - Posted by: tom7 4/10/2019 8:32:57 PM (No. 29734)
Mad Max the moron.
8 people like this.

Reply 37 - Posted by: yottyhere 4/10/2019 8:54:51 PM (No. 29720)
I first heard about this exchange on the radio and thought perhaps it was "adjusted for time constraints" then I watched it on CSpan.

You would think anyone in her district would slink off in in total embarrassment......but come to find out they THINK she did good.

Geeze....this country really is in deep doo apparently.
9 people like this.

Reply 38 - Posted by: Ratslayer 4/10/2019 9:04:46 PM (No. 29749)
Maxine gets the 2019 Hank Johnson Award!
8 people like this.

Reply 39 - Posted by: Starboard_side 4/10/2019 10:35:43 PM (No. 29738)
My fear, she accidentally discovered how the government can simply forgive all the loans since no bank is on the hook, and they´ll simply add it to the national debt - when they get the opportunity.

10 people like this.

Reply 40 - Posted by: Grateful 4/11/2019 12:13:44 AM (No. 29737)
Mad Max, a hapless, helpless and hopeless knuckle dragging haridan is indisputible proof the other are some human species pretenders that have not yet reached the ´drawing pictures on cave walls` level of evolution. Someone gave the Neanderthal a gavel and she spends all her time making funny noises by pounding her cranium with the wooden toy!
9 people like this.

Reply 41 - Posted by: Trigger2 4/11/2019 5:15:45 AM (No. 29740)
Dropping banks from making student loans and requiring the feds to do so was in the totally contrived and voted for CommieCare bill by demonrat commies only.

Must be Mad Maxie only voted for the bill before she could find out what was in it, then failed to read it afterward. Dumber than dirt, that´s Mad Maxie. I bet she thinks Guam will flip over if one more person steps on it too.
5 people like this.

Reply 42 - Posted by: winnie1 4/11/2019 3:41:46 PM (No. 29712)
Mad Max seems like a perfect candidate for a Human Gene transplant.
3 people like this.

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