Author and conservative radio host Rush Limbaugh brought to his audiences attention the stark confusion that appeared to take over Democratic congresswoman Maxine Waters while interviewing the head of a bank on Wednesday.
“Auntie Maxine chairs the House Financial Services Committee, and she had a hearing today with the CEOs of the megabanks, the really evil banker guys,” Limbaugh said.
“These are the guys from the megabanks, and I saw a picture of it, and they’re all white,” the host went on, setting the scene. “A bunch of white privilege, white nationalist, megabank CEOs are there — and Auntie Maxine thinks she’s got them right where she wants them.”
Limbaugh then played the clip of an exchange between Waters and several bank executives:
WATERS: “Today, there are more than 44 million Americans that owe — this is student loan crisis — $1.56 trillion in student loan debt. Last year, one million student loan borrowers defaulted, which is on top of the one million borrowers who defaulted the year before! What are you guys doing to help us with this student loan debt? Who would like to answer first? Mr. Moynihan, Big Bank?
MOYNIHAN: Uh, we stopped making student loans in 2007 or so.
WATERS: Oh, so you don’t do it anymore. Mr. Corbat?
CORBAT: We exited student-lending funding in 2009.
WATERS: Mr. Dimon?
DIMON: When the government took over student lending in 2010 or so, we stopped doing all student lending.
Limbauth then cut in:
“Do you realize what you just heard here? This is Auntie Maxine, the chairwoman of the House Financial Services Committee. She’s got the Big Banks, the megabank CEOs, and she’s very much alarmed at student loan debt, and she gonna nail ’em!” the host said.
“So she starts hammering them on the student loan debt, and they say, “Uh, we haven’t made a student loan since 2009, Madam Chairwoman.”
“The chairwoman of the House Financial Services Committee, a Democrat, didn’t even know that the banks don’t run the student loan program, that the Obama administration (i.e., the federal government) has been running it since 2009.”