Democrats on the House Financial Services Committee have voted to pass an amendment offered by Rep. Maxine Waters that would allow ACORN to play a role in setting regulations for financial institutions. Isn’t that a lot like Al Capone writing the tax code and what constitutes a violation?

During the debate of H.R. 3126, which is the bill creating a Consumer Financial Protection Agency, an Obama brainchild, the brilliant Maxine Waters offered an amendment that would add 5 members to an oversight board that would primarily serve underserved communities, or communities that have been impacted by “higher priced mortgages”. From the Financial Services Committee/Republicans:

In light of recent evidence linking ACORN to possible criminal activity, Democrats took an unprecedented step today to give ACORN a potential role alongside bank regulators in overseeing financial institutions. This is contrary to recent actions taken by the Senate and House to block federal funds to ACORN.

Michael Savage said it best, “Liberalism is a mental disorder”. Maxine Waters is mentally deranged, either that or she is so beholden to ACORN that the potential blowback from this in no way compares to the support she receives from ACORN and groups like ACORN.

In recent weeks ACORN has come under fire because of undercover investigative reporting by a couple of college students with a camcorder. The public outcry has been so great that the House and Senate have voted to cut off federal funds to ACORN.

Perhaps this amendment is Maxine Waters way of “giving back” to ACORN; an organization that has no doubt given so much to her. In case you wondered, the amendment passed 35-33. When Barack Obama proposed the creation of a Consumer Financial Protection Agency, the thought of fraud and corruption never entered your mind, did it?