Troubled Waters for Maxine

Congresswoman Maxine Waters has stirred up some controversy over her involvement with seeking Federal Bailout monies for a bank that she apparently has family financial ties.

The bank, One-United sought to secure $50 million in bailout funds with with the help of Mrs. Waters influence who sits on the House Financial Services Committee.
One problem though, Mrs. Waters failed to disclose that her husband Sydney Williams who served on the Banks Board until last year and who has held as much as $250,000 in stock.

Government Sets Us Up for the Next Bust

When is the Government going to realize that enough spending is enough..Why is it that the Federal Government thinks that pouring Billions of dollars into failing banks such as Citicorp will make their problems go away? Why should the government reward bad behavior? In a free market society, the forces that control pricing, supply & demand have a way of weeding out the winners from the losers...

I have seen a ton of professional Sports Leagues in every sport & market go under simply because the demand was not there or they were mismanaged. No one came to their rescue and thought it was a good idea to keep the USFL around. They were bad products and deserved to go under. In Sports, leagues come and go. Only the best run & managed leagues stay around... Then so should be the case when it comes to these banks. No one bank is too big to fail...One banks failure creates anothers opportunity.. We should not have our tax dollars go toward purchasing interests in the banking industry or any financial entity for that matter.

Government Sets Us Up for the Next Bust

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