Maxine Waters: Just Write it Off!

Maxine Waters channeled her inner Kramer – not Jim Cramer – Cosmo Kramer – when she suggested today that it was possible to have mortgage mods with principle reductions and not have any party incur losses.   Just write it off!   Mark Haines does a good job talking to her like she’s a third grader, but Maxine, as usual, just goes off on a tangent when she gets backed into a corner.

For some reason, I’m having trouble embedding the video, but please click over to CNBC and watch the Maxine Waters video, then watch this classic Seinfeld clip:


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