Hey, let's just agree with her on the tainted bit - and appoint a Special Prosecutor.
Maxine Waters’ Ethics Trial Stalls. Again. (Who Is Surprised?) | July 23, 2011 | Patrick Richadson
Waters threatens to sue the House Ethics Committee for mishandling her case.
It’s notable that Waters is not asking for the case to be dismissed on the merits, but only because she claims she can no longer get a fair trial.
Rep. Barney Frank, D-Mass., chairman of the Financial Services Committee, said in an interview that he inserted the provision for minority banks to protect OneUnited — because it is based in his state.
The provision sought by Waters — and inserted by Frank — told the Treasury Department that it should consider — for bailout money — banks that had an asset size of $1 billion or less, and whose size dropped to a lower range because they owned devalued preferred stock in Fannie Mae and Freddie Mac.
The only bank that language would affect was OneUnited.
Waters is accused of using her influence to gain special treatment for Massachusetts-based bank OneUnited, which received $12 million in bailout funds. Changing a law was required in order to get them the money. Her husband, former Ambassador Sidney Williams, owned more than $350,000 in stock in the bank, and had also been a board member.
2 House ethics attorneys suspended (includes lead attorney on Maxine Waters case)
Blake Chisam, the chief counsel and staff director for the ethics panel, initially sought to fire Kim and Sovereign on Nov. 19, but was unable to do so.
It is unclear if the decision to place Kim and Sovereign on paid leave was related to the Waters’ case or another matter, although they were placed in that status on the same day that Reps. Zoe Lofgren (D-Calif.) and Jo Bonner (R-Ala.), the chairwoman and ranking member of the committee, announced the Waters’ trial was delayed. The committee announced that it had new information, including e-mails from Mikael Moore, Waters' chief of staff, that would have an impact on the Waters’ matter.
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