The Hill Rep. Maxine Waters (D-Calif.) said banks on Wall Street are "shaking in their boots" at the prospect of her becoming chairwoman of the House Financial Services Committee.
Waters is next in line to take over as top Democrat on the panel following the retirement of Rep. Barney Frank (D-Mass.) at the end of 2012. She told California Democrats gathered for a convention last weekend that she was eager to take over at the top, urging them to help Democrats reclaim control of the House in the upcoming election.
"Let me let you in on a secret. I am the senior-most person serving on the Financial Services Committee," she said. "Barney Frank is about to retire and guess who’s shaking in their boots? The too-big-to-fail banks and financial institutions and all of Wall Street, because Maxine Waters is going to be the next chair of the Financial Services Committee!"
Posted over at Weasel Zippers
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