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Waters to Chair Financial Services if House Flips

WATERS TO CHAIR? And why is is that some people say that these dubiously timed ethics investigations are no coincidence? Rep. Barney Frank announced today he will retire from the U.S. House at the end of his term in 2012.  Guess who is behind Frank in seniority to Chair the powerful House Financial Services Committee — should the Democrats take the House back in 2013? That would be Rep. Maxine Waters. Her first big break came when Rep. Paul Kanjorski lost his bid for re-election in 2012.  Now, with Frank’s retirement, Waters could move into the Chairman’s seat.  At the very least — if she does not retire — she would be ranking member of the Committee.  She would be the first Black female to Chair a full committee if the House flips to the Dems.  The question is will this ridiculously fumbled Ethics case fiasco Waters is involved in — that had to be taken over by outside attorney Billy Martin — derail her path to the Chair? Consumer advocates would be thrilled. Corporations-can-do-no-wrong typed would be terrified.