Maxine Waters Would Tax Banks Out Of Existence

Rep. Maxine Waters introduced an interesting idea when it comes to banks and loan modification. According to her, it’s up to the federal government to make sure people can afford their mortgages. So much so that it’s time the president “bring the gangsters in, put them around the table, and let them know that if they don’t come up with loan modifications and keep people in their homes, that they’ve worked so hard for, we’re gonna tax them out of business.” Presumably wasn't talking extorting loan concessions from her husband's bank.