Broadway and Central Avenue in the Watts area of South Los Angeles are lined with dozens of small, marginal businesses, but hardly any banks. In a capitalist economy, these are streets without capital, losers in the race to the top.
Rep. Maxine Waters may be in deep ... trouble if she’s found guilty of the trio of ethics charges that a House committee hit her with Monday. The congresswoman apparently plans to contest the violations ... (continued)
Rep. Maxine Waters, a stalwart progressive voice in the House for nearly 20 years, is defending herself against charges that she improperly intervened to help bail out a bank with ties to her husband. Waters released a statement denying any wrongdoing, saying she was merely working on behalf of minority banks.
There aren’t too many genuine heroes to come out of the banking disaster, but Armando Falcon is one of them—and had he been listened to, a significant part of the housing crisis could have been mitigated.