Congresswoman Maxine Waters (D-CA), who has been a member of the House Financial Services Committee since 1991, was named chair of the committee in December. But a recent clip of Ms. Waters showcasing her ignorance with regard to student loans might make one question whether she is qualified for such a leadership position.
On Wednesday, the Democrat grilled the CEOs of various big banks about what they are doing to help with the student loan debt crisis. In an embarrassing exchange for Waters, the CEOs, one by one, informed the congresswoman that the Obama administration had actually “cut out the middle man” in 2010 so that the federal government now directly issues such loans, as noted by The Blaze.
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