Maxine Waters clueless in her new role

Did you ever have a job you knew you weren't really qualified for but the money was good and you knew you'd have to fake it to make it?

Enter Rep. Maxine Waters (Dimwit--CA). Waters is now the ranking member of the House Financial Services Committee and she's definitely faking it.

Waters needs to actually learn about the industry her committee oversees so she doesn’t reveal herself to be a low-information congresswoman like she did on Wednesday when questioning a number of bank CEOs about the student loan crisis. [Check out the chuckle-worthy video below.]

The exchange went like this:

Waters: Today, there are more than 44 million Americans that owe $1.56 trillion in student loan debt. Last year, more than one million student loan borrowers defaulted which is on top of the one million borrowers who defaulted the year before. What are you guys doing to help us with the student loan debt?

Who would like to answer first? Mr. Monahan, big bank?

Bank of America CEO Brian Monahan: We stopped making student loans in 2007 or so.

Waters: Mr. Corbat?

Citigroup CEO Michael Corbat: We exited student lending in 2009.

Waters: Mr. Dimon?

J.P. Morgan CEO Jamie Dimon: When the government took over student lending in 2010 or so, we stopped doing all student lending.

Never missing a beat, Waters changed the subject to small business loans.


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