Maxine Waters unaware that gov't nationalized student loans 10 years ago, but she's the chair of a committee that regulates banks

Maxine Waters seems to be very unaware, or totally forgot, that ten years ago the student loans were nationalized by the government. She's also the chair of a committee that regulates banks, so this is probably quite a concern for anyone who pays attention. Does she have any idea what she's doing? This is why we need term limits for Congress.
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