It’s Maxine Waters (D-CA), currently under a House ethics investigation. The focus of the investigation? She arranged meetings between the federal government and OneUnited Bank — a company in which her husband has a financial interest — so that OneUnited could plead for bailout money.

She has also been named one of the most corrupt members of Congress by the left-leaning CREW organization for 2005, 2006, and 2009. And she has the distinction of being named “Porker of the Month” by Citizens Against Government Waste over her earmark request for the Maxine Waters Employment Preparation Center.

So clearly she’s someone you want setting national tax policy.

The Congressional Black Caucus is trying to help by organizing job fairs across the country. Congresswoman Maxine Waters also wants to help by putting more pressure on the big banks to help with mortgages.

“If they don’t come up with loan modifications and keep people in their homes that they’ve worked so hard for, we’re going to tax them out of business,” said Waters.

Got that? Unless banks maintain loans with people who can’t afford to pay the loans back, she’s going to punish them financially.

Sound familiar? The Community Reinvestment Act of 1977 forced banks to hand out subprime loans under threat of financial punishment by the federal government.

Subprime loans. The same monstrosities that caused the 2008 financial crisis and current recession.

This is eerily reminiscent of 2003, when Republicans attempted to reign-in the subprime industry but Democrats said denying loans to subprime lenders would be racist and would harm the poor. Remember that?

Now Democrats like Waters want to continue the trend of keeping people in homes they can’t afford. Under the threat of financial punishment by the federal government. What could possibly go wrong?