Maxine Waters Issues Warning to Wall Street

Democratic Rep. Maxine Waters issued a fresh warning to Wall Street on Wednesday as he outlined her agenda as the new chairwoman of the House Financial Services Committee, saying she won’t let the banks and financial institutions “run amok” and lead the country into another financial crisis.

Speaking at the Center for American Progress Action Fund in Washington, the California lawmaker promised to protect working Americans from big banks.

“The crisis was a result of Wall Street running amok,” Waters said, in reference to the 2008 financial crisis. “Large Wall Street banks are not subject to anybody and do great damage to our economy.”

Waters, a frequent and vocal critic of President Trump and his administration, now has some in the financial industry on edge given her newly obtained congressional powers — especially after the sector benefited from the Trump administration’s rollback of financial regulations implemented after the last recession.