Skip to comments.Maxine Waters Answers Bank Bailout Questions (sort of - after town hall meeting in Inglewood)
Posted on 03/15/2009 4:01:24 AM PDT by Libloather
Maxine Waters Answers Bank Bailout Questions
Created On: Sunday, 15 Mar 2009, 1:16 AM PDT
Inglewood (myFOXla.com) - Congresswoman Maxine Waters held a town hall meeting in Inglewood on Saturday, days after allegations surfaced that she helped bail out a bank her husband had ties to.
There were no questions about the issue during the town hall itself, but Ms. Waters addressed questions about the bank controversy outside the meeting.
On Friday, Rep. Waters, D-Inglewood, denied any wrongdoing amid reports her husband had financial ties to a bank she helped request $50 million in bailout funds.
Waters said she also has disclosed all of her financial interests in official filings.
The New York Times reported today that Treasury Department officials were taken aback that Waters requested a meeting in September on behalf of executives at Boston-based OneUnited, because her husband, Sidney Williams, had served on the bank's board until early last year and has owned at least $250,000 of its stock.
With branches in Los Angeles and Miami, OneUnited is one of the nation's largest black-owned banks.
Treasury officials told The Times that Waters, who is a member of the House Financial Services Committee, did not disclose her ties to OneUnited to Treasury officials, and that they only learned of them later.
House Financial Services Committee Chairman Barney Frank, D-Mass., told the Los Angeles Times he advised Waters last fall to "stay out of it" because he knew her husband had served on the bank board.
Frank also told the newspaper he was unaware of any contacts Waters may have had with Treasury.
(Excerpt) Read more at myfoxla.com ...
And I'm sure if there was any wrongdoing she would be the first to admit it.
House Financial Services Committee Chairman Barney Frank, D-Mass., told the Los Angeles Times he advised Waters last fall to “stay out of it” because he knew her husband had served on the bank board.
I wonder how much in sub-prime mortgages did this bank give out to the poor blacks and hispanics?
Democrat Culture of Corruption *PING* !!!
Maxine? You need to resign. We all know you won’t, that you’ll hold on to that seat until they tie a tag to your fat stinking toe, but the demand for you to resign is pro forma.
“House Financial Services Committee Chairman Barney Frank, D-Mass., told the Los Angeles Times he advised Waters last fall to “stay out of it” because he knew her husband had served on the bank board.
Frank also told the newspaper he was unaware of any contacts Waters may have had with Treasury.”
This is rather interesting! Blarney seems to be distancing himself from Smaxine in that second sentence. Maybe Smaxine is in BIG trouble, that can’t be covered up this time? I hope so!
While her district hasn’t really changed and is still down trodden, she has prospered like many poor congressmen who end up millionaires when leave congress. Let’s hope she lost TONS of money and is eventually arrested for crimes while in congress.
I would not be surprised to find out it was a very low number. These folks know the "Folks".
Why a Bank so small got 12 Billion?
Starring Maxine Waters at time marker 5:04
Bill Maher, useful idiot for hypocrites like the bumbling Maxine Waters, in his complete ignorance and blindness, sits there and lets her completely revise her own history.
This is the same bitch that sang the prises of Franklin Raines to the sky above, just before Fannie Mae took a dump and he bailed with $90mil.
She disclosed all of her financial interests in(” official filings”) yes she would the day after being busted how dare they question a black womwn that’s racism.