Why Wall Street Must Get Ready for Maxine Waters

Democratic Rep. Maxine Waters of California appears a lock to become the next chairman of the powerful Financial Services Committee. Ms. Waters is pledging to be a diligent watchdog for mom and pop investors, and recently told a crowd that when it comes to the big banks, investment houses and insurance companies, we are going to do to them, what they did to us. I'm not going to cry too many tears for Wall Street since they poured money behind the Democrats in these midterm elections. You get what you pay for.