The Indomitable Maxine Waters Ably Defends Housing BillRep.

On July 24th during FBN's "America's Nightly Scoreboard," gushing peppy preppy host David Asman met his match in California Democrat Maxine Waters, who argued in favor of the housing bill that will be voted on in a rare Saturday Senate session.

The FOX Business approach is that the government should simply let giant mortgages houses Fannie Mae [the Federal National Mortgage Association or FNMA] and Freddie Mac [the Federal Home Loan Mortgage Corporation or FHMC] fail or go into receivership.

The Congress has decided that these two institutions are too big to be allowed to fail.

For days FBN has been telling viewers that only 21% of Americans approve this bill. However, after an hour searching ong Google, I can't find any poll numbers to back up their claims.

Category:

News & Politics

Tags:

• FOX
• Business
• Maxine
• Waters
• Housing
• Bill
• Senate
• Asman

[hhn1000]

Everybody's fault but hers and other members of the Banking and Finance Committees of Congress. We see now how much you "helped American families" Mrs. Waters.

[stavrosteve]

Watch Maxine the crook defend Freddie Mac and Fannie Mae 3 years before they melted down. She should be in prison, not Congress.

[ifusuckilltellu]

Maxine is a mess!

[bonbuttercup]

The irony is untolerable. To watch this video and then watch her try to negotiate a modification for her constituents on the "Maxine Waters Loan Modification" video. Does she get it? Does she get the irony in her actions? To hear her state "the average homeowner has virtually no chance of negotiating a loan modification on their own"...and yet do absolutely nothing about it after she defended the house bill? SERIOUSLY?

[bonbuttercup]

Kind of ironic. This video, and then the Maxine Waters Loan Modification video where she flat out states that the "average homeowner has virtually no chance of getting their loan modified". Does she have any clue or see the irony in all of this?

[Quantanthead]

Eaaasssssy Stomach....don't turn over now.

[StoogeWatcher]

Democrats love Fannie Mae and Freddie Mac because they think that anyone who doesn't have a job should get a loan.

[yauchiam]

At 3:35. Waters claims there won't be big losses if the govt helps out the mortgage industry. Result: subprime meltdown.

[yauchiam]

Just great, subsidize bad mortgages by people who can't pay for them - made possible by Democrats like Maxine Waters. A few bad apples spoil the barrel.

[1too12]

criminal collusion!