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Waters Helped Bank Whose Stock She Once Owned [Maxine]
Wall Street Journal (public) ^ | March 12, 2009 | Susan Schmidt

Posted on 03/12/2009 3:22:06 AM PDT by CutePuppy

California Democrat Has Championed Minority-Owned OneUnited on Capitol Hill and Criticized Its Government Regulators

When Rep. Barney Frank was looking to aid a Boston-based lender last fall, the Massachusetts Democrat urged Maxine Waters, a colleague on the House Financial Services Committee, to "stay out of it," he says.

The reason: Ms. Waters, a longtime congresswoman from California, had close ties to the minority-owned institution, OneUnited Bank.

Ms. Waters and her husband have both held financial stakes in the bank. Until recently, her husband was a director. At the same time, Ms. Waters has publicly boosted OneUnited's executives and criticized its government regulators during congressional hearings. Last fall, she helped secure the bank a meeting with Treasury officials.

Her involvement isn't new. Ms. Waters has detailed her financial ties in a series of federal disclosure forms and has been vocal in public in support of the bank. Those ties, however, have received little public attention. Nor is it well known how the influential lawmaker has over the years acted to support the bank and its executives.

Such potential conflicts of interest are more serious as the banking system's crisis has led the government to take an increasingly active role in overseeing financial institutions, including OneUnited. The financial-services committee on which Ms. Waters sits oversees banking issues, and the lawmaker is a potential future chairman.

Representatives of the bank and Ms. Waters didn't return calls seeking comment. Ms. Waters's congressional staff didn't respond to written questions about her and her husband's relationship with the bank.

.....

(Excerpt) Read more at online.wsj.com ...


TOPICS: Crime/Corruption; Extended News; Government; Politics/Elections
KEYWORDS: banking; banks; corruption; demcorruption; demcultofcorruption; maxinewaters; oneunitedbank; waters
She is a prominent Democrat, so I guess it's OK, "the culture of corruption" statute doesn't apply.
1 posted on 03/12/2009 3:22:06 AM PDT by CutePuppy
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To: CutePuppy

Talk about lip stick on a pig!


2 posted on 03/12/2009 3:23:16 AM PDT by Islander7 (If you want to anger conservatives, lie to them. If you want to anger liberals, tell them the truth.)
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To: Islander7

There was plenty of lipstick on that Porkulus bill...


3 posted on 03/12/2009 3:25:45 AM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: CutePuppy

So Maxine Waters is on the House Financial Services Committee and her husband is a director for a bank they are both invested in.

No conflict of interest there...

Washington is a cesspool.


4 posted on 03/12/2009 3:25:55 AM PDT by DB
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To: CutePuppy
The DEMS are the new mob. We are run by immoral crooks thanks to stupid American voters.
5 posted on 03/12/2009 3:27:55 AM PDT by bmwcyle (Obama voters, your 401 K's are dead. Now what?)
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To: bmwcyle

DEMS are not a “new mob”, they are an “old mob”. They are organized like mafia - they are, after all, in “minority protection” racket - with the unions and “activists” / “organizers” as an enforcement arm.

And they practically own legal system, propaganda and all levels of brainwashing institutions (K-U), and quite a large segment of financial industry...


6 posted on 03/12/2009 3:45:08 AM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: bmwcyle
We are run by immoral crooks thanks to stupid American voters cowards dedicated to doing nothing about it, at the DOJ.
7 posted on 03/12/2009 4:12:33 AM PDT by Diogenesis ("All governments suffer a recurring problem: Power attracts pathological personalities." - Dune)
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To: CutePuppy
"WELCOME TO THE REAL AMERICA WHERE CRIMINALS GET TO BE
CELEBRITIES AND CELEBRITIES GET AWAY WITH MURDER."
"TO DIE FOR" Columbia Pictures


8 posted on 03/12/2009 4:13:45 AM PDT by Diogenesis ("All governments suffer a recurring problem: Power attracts pathological personalities." - Dune)
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To: Diogenesis

NO, it is stupid AMERICAN VOTERS that put them there. It starts with a vote.


9 posted on 03/12/2009 4:14:37 AM PDT by bmwcyle (Obama voters, your 401 K's are dead. Now what?)
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To: bmwcyle

Term Limits Now!!!

Why no one is talking about this is beyond me.


10 posted on 03/12/2009 4:38:11 AM PDT by EQAndyBuzz (“Are you better off than you were a month ago?”)
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To: CutePuppy

One big difference:

The Mafia at least had a code of honor.....


11 posted on 03/12/2009 5:00:02 AM PDT by Mac from Cleveland (How to make a small fortune in the Obama era--first, start off with a big fortune....)
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To: CutePuppy

Black Congressperson
Belongs to and leads Congressional Black Caucus
Keep her money in a black bank where her husband is a director.

But she isnt racist.


12 posted on 03/12/2009 5:23:23 AM PDT by Venturer
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To: CutePuppy

POLITICIANS....GRRRRRR


13 posted on 03/12/2009 5:31:51 AM PDT by JamesA (He who hesitates is lost.)
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To: CutePuppy

In today’s political environment, corruption is defined by the media, and it’s defined solely as being of the wrong political affiliation. Period.


14 posted on 03/12/2009 6:15:59 AM PDT by Spok (The Sinopian Sage)
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To: CutePuppy

All I want to know is HOW this foolish woman got to the point she is? She’s an idiot.


15 posted on 03/12/2009 8:11:15 AM PDT by weezel
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To: weezel
She’s an idiot.

It's the people who keep electing her who are truly idiots, if they think that she and her ilk have their best interests in mind.

16 posted on 03/12/2009 10:06:35 AM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: Spok

Well said.


17 posted on 03/12/2009 10:08:00 AM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: Mac from Cleveland
Code of honor... what a quaint notion...
18 posted on 03/12/2009 10:08:53 AM PDT by CutePuppy (If you don't ask the right questions you may not get the right answers)
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To: CutePuppy

Democrats cannot commit moral turpitude because they are at the start a-moral, having no values other than empowering their political capital. Maxine is a piece of commie entitlement work. She’s so powerful now, she can threaten the oil industry that she and her demcorat party will take over the oil industry if they don’t do as she tells them.


19 posted on 03/12/2009 10:14:15 AM PDT by MHGinTN (Believing they cannot be deceived, they cannot be convinced when they are deceived.)
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To: CutePuppy

“ms” Waters is also a viscous attack dog when it comes to defending ACORN and Fannie and Freddie. ANY time there’s anything going on remotely touching on ACORN, Fannie n Freddie, that CBC biotch is right up there in it. I dare say “Ms.” Waters is as corrupt as Barney Frank and Chris Dodd. Not to mention she is PART of a system that has beggared people she says she was trying to help and she ACTIVELY assists in keeping Black people both ignorant and dependent on Government. All so she can stay in her cushy Congressional Position.

If I were one of her black supporters I would be out to smack that evil twit right the heck out of congress for her betrayal of the Black American Community.

Is that a strong enough condemnation?


20 posted on 03/12/2009 1:29:36 PM PDT by Danae (Amerikan Unity My Ass)
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To: CutePuppy

Criminal scum. If a Republican pulled this, he’d be impeached and arrested, and it would be on every network.


21 posted on 03/12/2009 2:42:39 PM PDT by ozzymandus
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