Posted on 08/02/2010 6:00:47 PM PDT by advance_copy
A congressional panel set the stage Monday for an ethics trial for Rep. Maxine Waters, one of Los Angeles' most enduring liberal politicians, over her actions involving a bank with ties to her husband that received federal bailout funds.
Without detailing the accusations, the House Ethics Committee released an investigative report that found "substantial reason" to believe that Waters may have violated ethics rules. The case centers on a meeting Waters set up in September 2008, during the financial crisis, between Treasury Department officials and representatives of minority-owned banks.
But discussion at the meeting "centered on a single bank — OneUnited," according to the report by the Office of Congressional Ethics. Waters' husband, Sidney Williams, served on the OneUnited board from 2004 to 2008, and at the time of the September meeting was a stockholder in the bank, the report said.
Three months after Waters, a senior member of the House committee that oversees banking, called then-Treasury Secretary Henry M. Paulson to set up the meeting, OneUnited received $12 million in bailout funds.
A defiant Waters — a South Los Angeles political fixture who won election to the state Assembly in 1976 and to Congress in 1990 — vowed Monday to fight the charges.
(Excerpt) Read more at latimes.com ...
Just you wait till WE nationalize representation!
I can see November.
Wow! This is serious. I bet they’ll say that she was a bad girl.
To be fair they need to go after Barney Frank too!
Do you mean the Barney Frank that used to have a gay prostitute working out of his apartment?
Yeah that one & the same Fannie Mae / Freddie Mac one!
The persecution of Rangel and Waters is going to result in a WHITE, MALE, CONSERVATIVE REPUBLICAN being driven from his Congressional Office.
Before Novemeber
Maxine may get pissed and call for investigations on other dems that she knows are corrupt- white ones. Didn’t Diane Feinstein’s husband get some sweet deals through her position also?
Mad Maxine, the Communist is racist.
vaudine
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.