I suspect she and many of the demonRat leadership knew full well that Fannie Mae was failing. They played dumb to deliberately sabotage the U.S. economy. Waters is way out on the commie left.
Maxine Waters and chairman of the House Judiciary Committee, John Conyers, have both given their endorsements to the Revolutionary Communist Party front movement "World Can't Wait--Drive Out the Bush Regime".
Click on the WCW link just below and see: "Endorsers of the Call to Drive Out the Bush Regime Include". Conyers' endorsement appears right after Ward Churchill's. Al Sharpton's, Maxine Waters and Jesse Jackson Jr's are further down the list:
http://worldcantwait.net/index.php?option=com_content&task=view&id=2538&Itemid=2
Fact: World Can't Wait--Drive Out the Bush Regime is a Maoist-revolutionary movement organized by the Revolutionary Communist Party. (scroll down the list that appears (after clicking link) to find the World Can't Wait organization --rwor.org is the website of the Revolutionary Communist Party):
http://rwor.org/a/rwlink/links.htm
From David Horowitz's FrontpageMag.com /DiscoverTheNetworks.org:
Profile: World Can't Wait (WCW)
*Revolutionary communist movement that stages protests against the Bush administration
*Organizes college and high-school students
*Founded in June 2005 by Charles Clark Kissinger, a longtime leader of the Revolutionary Communist Party
http://www.discoverthenetworks.org/groupProfile.asp?grpid=7213
From the website of the Revolutionary Communist Party (revcom.us or rwor.org) :
"Create Public Opinion, Seize Power: We are preparing minds and organizing forces for the time when there is a major crack in the system, whenever it comes and wherever it comes from: an opening that makes it possible to bring the future Revolutionary Army of the Proletariat (R.A.P.) into the field and wage a revolutionary armed struggle that actually has a chance of winning. And we have said that building our party itself is the most important part of organizing forces for revolution. This is true now, and it is true looking forward to the creation of that future R.A.P. and the waging of that armed struggle.":
http://revcom.us/a/v20/1000-1009/1000/barw.htm
From David Horowitz's FrontpageMag.com /DiscoverTheNetworks.org:
"Throughout its history, one of RCP's [Revolutionary Communist Party] principal objectives has been to foment civil unrest in the United States. The most notable example of such efforts occurred on April 29, 1992, when RCP members looted and trashed the downtown and government districts of Los Angeles, triggering the infamous Rodney King riots. During the days immediately preceding the violence, RCP -- which maintained close ties to the L.A. gangs known as the Crips and the Bloods -- had circulated throughout South Central Los Angeles a leaflet featuring a statement by RCP National Spokesman Carl Dix, titled 'It's Right To Rebel' -- a quote popularized by Mao Zedong.
Encouraged by Dix, RCP activists helped lead the riots that would leave 58 people dead, more than 2,300 people injured, some 5,300 buildings burned, and $1 billion in property damaged or destroyed. On the ten-year anniversary of the rioting, RCP member Joseph Veale fondly recalled the violence as 'the most beautiful, the most heroic civil action in the history of the United States.'"
http://www.discoverthenetworks.org/groupProfile.asp?grpid=6197
"The RCP upheld the 1992 sometimes-violent unrest in Los Angeles and nationally as a 'rebellion' in the aftermath of the Rodney King verdicts. Then-LAPD chief Daryl Gates alleged that the RCP was involved in the 'riots'. Los Angeles has long been one of the RCP's larger and more active branches. William 'Mobile' Shaw was a local leader who recently passed and received public commendation from the party."
http://en.wikipedia.org/wiki/Revolutionary_Communist_Party%2C_USA
Maxine Waters on the Los Angeles riots of 1992 (Rodney King riots):
"[Maxine] Waters has been criticized for her comments regarding the Los Angeles riots of 1992. In defense of the people that looted stores and damaged property, Waters said 'If you call it a riot it sounds like it was just a bunch of crazy people who went out and did bad things for no reason. I maintain it was somewhat understandable, if not acceptable. So I call it a rebellion.'[5] She also said it was 'a spontaneous reaction to a lot of injustice' and 'The anger in my district is righteous. I'm just as angry as they are.' She responded to the mass looting of Korean-owned stores by saying: 'There were mothers who took this as an opportunity to take some milk, to take some bread, to take some shoes. They are not crooks. Everybody in the street was not a thug or a hood.'"
http://en.wikipedia.org/wiki/Maxine_Waters#Los_Angeles_riots_of_1992
ETL: Waters is way out on the commie left.
Well, I meant besides being a communist.
ETL: I suspect she and many of the demonRat leadership knew full well that Fannie Mae was failing. They played dumb to deliberately sabotage the U.S. economy.
Of course they did, in fact, they did such a good job that they tanked the "global" economy.
We need to thank them for accidentally bringing down the price of oil just in time for heating season.
Like they say, liberalism always gets the exact opposite result of its intentions.