Maxine in the News
  • DOMA repeal enjoys record support at end of 112th Congress
    Nov 29, 2012 - Legislation that would repeal the Defense of Marriage Act is enjoying record support as the year comes to a close — and an LGBT group backing the bill is optimistic that strength will grow further as additional lawmakers who support marriage equality take their seats at the start of the next Congres... More
  • FHA's reserves fall into the red
    Nov 17, 2012 - As the housing market recovers, one government agency is still paying the price for helping to stabilize it -- and taxpayers could get the bill. The Federal Housing Administration, whose mortgage insurance business skyrocketed during the Great Recession of 2007-09, said Friday that its reserves to c... More
  • Lawmakers, housing industry experts urge caution in shoring up FHA's finances
    Nov 16, 2012 - Reactions were mixed on Friday after an independent audit found that the Federal Housing Administration is facing billions in losses. Democrats and housing industry advocates called for changes at the struggling agency, which bore the brunt of bad loans made after the housing crash and the market's ... More
  • New Playa Vista Elementary School opens after overcoming skeptics
    Oct 29, 2012 - When Marlene Canter, a former Los Angeles school board member, first came up with the idea to build a brand new elementary school in Playa Vista, some people called her crazy, arguing that the Westside neighborhood lacked the density to support a new school. On Monday, the brand-new Playa Vista Elem... More
  • Maxine Waters reaches out to big banks and Wall Street
    Oct 15, 2012 - Maxine Waters and big banks are rarely on the same page. But as the California congresswoman prepares to become the top Democrat on the House Financial Services panel, she is engaging in an aggressive outreach effort with some of the very institutions that she has heavily criticized for their role i... More
  • Space shuttle Endeavour celebrated at Forum
    Oct 13, 2012 - Thousands of people flocked to the Forum in Inglewood on Saturday to join local dignitaries cheering Endeavour at its first public party en route to Exposition Park. With the retired orbiter parked on Manchester Boulevard, the Inglewood High School marching band warmed up the crowd before several pu... More
  • Former California lawmaker, US Rep. Mervyn Dymally dies
    Oct 7, 2012 - Mervyn Dymally, the former California assemblyman, senator and lieutenant governor who also served in Congress for more than a decade, has died. A former press secretary for the Democratic lawmaker said Dymally died Sunday in Los Angeles. He was 86. Jasmine Cannick said Dymally's health had been in ... More
  • Knight Has ‘All Hands on Deck’ to Deal With $440 Million Bug
    Aug 2, 2012 - Whitney Kisling, ©2012 Bloomberg News Published 01:28 p.m., Thursday, August 2, 2012 (Updates throughout with more details, comments.) Aug. 2 (Bloomberg) -- Knight Capital Group Inc. has “all hands on deck” and is in close contact with creditors, clients and counterparties as it tries to weather tra... More
  • House seeks to fund SEC adviser exams with new fees
    Jul 25, 2012 - By Suzanne Barlyn July 25 | Wed Jul 25, 2012 1:22pm EDT (Reuters) - U.S. House lawmakers on Wednesday introduced legislation that would require certain investment advisers pay fees to help fund adviser examinations conducted by regulators. Representative Maxine Waters from California, the second-ran... More
  • Recent spate of financial scandals raises ire in Washington
    Jul 10, 2012 - WASHINGTON, July 10 (Reuters) - A fresh burst of scandals, including allegations that major banks tried to manipulate global benchmark interest rates and another case of missing customer funds at a futures brokerage, has raised Washington's ire on both sides of the political aisle. One leading Repub... More