Keyword: oneunited

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  • Maxine Waters elected ranking member of House financial panel

    12/06/2012 5:12:18 PM PST · by Attention Surplus Disorder · 24 replies
    Reuters ^ | Dec 4, 2012 | unknown
    Maxine Waters elected ranking member of House financial panel (Reuters) - California Democrat Maxine Waters was elected to serve as ranking member of the House Financial Service Committee, according to an announcement from Waters' office on Tuesday.
  • Maxine Waters’ Ethics Trial Stalls. Again. (Who Is Surprised?)

    07/23/2011 10:23:59 AM PDT · by Kaslin · 33 replies · 1+ views
    Pajamas Media ^ | July 23, 2011 | Patrick Richadson
    Waters threatens to sue the House Ethics Committee for mishandling her case.The long-delayed ethics probe of Rep. Maxine Waters (D-CA) may be underway again, however Waters is now threatening to sue the House Ethics Committee. 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.Because of infighting following the November 2010 election, her trial...
  • Maxine Waters Ethics Trial Canceled

    11/19/2010 12:24:17 PM PST · by Sub-Driver · 41 replies
    Maxine Waters Ethics Trial Canceled Posted by Brian Montopoli Leave Comment One day after it recommended censure for veteran Democrat Charles Rangel of New York, the bipartisan House ethics committee has canceled the Nov. 29th trial for California Democratic Rep. Maxine Waters. The committee said new material has come to light that has prompted a decision to send the Waters case back to the initial subcommittee that first looked into it, according to CBS Radio News Capitol Hill Correspondent Bob Fuss. That four-member subcommittee will now reexamine the evidence against Waters. Waters has been accused of improperly attempting to steer...
  • Muddy Waters: Maxine Waters, Barney Frank abuse taxpayer $$

    11/05/2010 2:06:26 PM PDT · by bridgemanusa · 7 replies
    Slate ^ | Wednesday, Nov. 3, 2010, at 3:22 PM ET | Bethany McLean
    On Nov. 29, Congresswoman Maxine Waters, D-Calif., will face a House ethics trial for the role she allegedly played in helping a minority-owned bank called OneUnited—a bank in which her husband owned a sizable stake and on whose board he'd once sat—get $12 million in the 2008 bank bailout. Had OneUnited failed, the ethics committee that brought the charges alleges, Waters' husband's "financial interest in OneUnited would have been worthless." The ethics committee alleges that Waters' chief of staff and grandson, Mikael Moore, was "actively involved" in helping OneUnited and that Waters' "failure to instruct [him] to refrain from assisting"...
  • Maxine Waters' favorite bank violated its pledge to help the poor

    09/10/2010 7:50:59 PM PDT · by Justaham · 8 replies
    americanthinker.com ^ | 9-10-10 | Ed Lasky
    The Boston bank that is at the center of controversy involving Congresswoman Maxine Waters, who intervened with regulators to protect and reward the bank (her husband had a financial interest in the bank), apparently lied about helping poor people, reports the Boston Globe: Five years ago this month, Mayor Thomas M. Menino stood with community leaders in Roxbury to hail plans for a new OneUnited branch in the neighborhood. The bank's president pledged to make loans worth hundreds of millions of dollars across Boston, with a special emphasis on low-income borrowers. OneUnited said it would partner with the city to...
  • Is the race card finally worn out?

    08/14/2010 2:52:05 AM PDT · by Scanian · 18 replies
    NY Post ^ | August 14, 2010 | Jonah Goldberg
    'The race card is maxed out." That was the punch line for a re cent hilarious exchange on "The Daily Show" in which Larry Wilmore, the faux news program's "senior black correspondent," reported that the race card is not only over its credit limit but is in fact "void during a black presidency." This discovery came in the wake of Maxine Waters' allegation that her political problems stem from a racially biased congressional ethics investigation. Wilmore said he should have seen this coming, given that "the Congressional Black Caucus has been overusing the race card for years." Like when it...
  • OneUnited misses sixth straight fed dividend payment (RAT Maxine Waters ethics investigation)

    08/13/2010 10:05:41 PM PDT · by Libloather · 5 replies
    Boston Herald ^ | 8/14/10 | Jessica Van Sack
    OneUnited misses sixth straight fed dividend paymentMore woes for Boston bank By Jessica Van Sack Saturday, August 14, 2010 - Added 3 hours ago The Hub-based bank at the center of the ethics investigation into U.S. Rep. Maxine Waters will skip another dividend payment to the Treasury, opening the door for federal regulators to name a member to its board of directors. The lender’s chairman and chief executive officer, Kevin L. Cohee, told the Herald yesterday that the bank, which received a $12 million cash infusion from the Troubled Asset Relief Program in 2008, is focused on raising capital and...
  • LA Times: Bank at center of Rep. Waters inquiry has checkered past

    08/12/2010 5:34:30 AM PDT · by Oldeconomybuyer · 31 replies
    Los Angeles Times ^ | August 12, 2010 | By E. Scott Reckard and Stuart Pfeifer
    OneUnited Bank, the financial institution at the center of a congressional ethics investigation involving Rep. Maxine Waters, paid for a luxurious lifestyle for its chairman, including a Porsche and a house on Pacific Coast Highway in Santa Monica despite his having a record that includes arrests and allegations of drug use. The bank has been criticized by regulators in Florida for having an unusually poor record of lending to people in low-income neighborhoods. It also has failed to pay back $12 million in federal bailout funds. Cohee's high-flying perks came despite his having been charged in 2007 with felonies after...
  • Cohee at OneUnited, bank in Maxine Waters case, has checkered record

    08/11/2010 8:04:22 PM PDT · by Free ThinkerNY · 5 replies
    washingtonpost.com ^ | August 11, 2010 | R. Jeffrey Smith
    As chairman and chief executive of OneUnited Bank, Kevin L. Cohee has sought to build a company that is about more than just money. He promoted the bank, now at the center of a House ethics case against Rep. Maxine Waters (D-Calif.), as a uniquely responsible investor in impoverished minority communities and urged prospective clients to live modestly. Customers ought to focus on "real connections, real relationships," Cohee urges in a recording on the bank's Web site. Avoid "people who want to be with you based on the things that you have." "Do you really need a Mercedes-Benz?" he asks....
  • Decision Near on Waters Ethics Case [corrected title]

    07/29/2010 5:49:37 PM PDT · by MrZippy2k · 19 replies · 3+ views
    Politico ^ | 7/29 | JONATHAN ALLEN & JOHN BRESNAHAN
    A House ethics subcommittee has completed its investigation into allegations of wrongdoing by Rep. Maxine Waters (D-Calif.), and could announce its next steps before lawmakers leave town for the August recess Friday, according to sources familiar with the process. The committee is in discussions with Waters about the case, in which investigators looked at whether she broke House rules by improperly intervening with federal officials on behalf of a local bank, OneUnited Bank, that her husband owned stock in and once sat on the board of directors. It’s not clear yet what would be contained in a Statement of Alleged...
  • Maxine Waters Answers Bank Bailout Questions (sort of - after town hall meeting in Inglewood)

    03/15/2009 4:01:24 AM PDT · by Libloather · 10 replies · 950+ views
    My FOX LA ^ | 3/15/09
    Maxine Waters Answers Bank Bailout QuestionsCreated 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. **SNIP** Waters said she also...
  • CRONYISM COMES IN ALL COLORS

    03/14/2009 3:44:28 AM PDT · by Scanian · 16 replies · 1,981+ views
    The NY Post ^ | March 14, 2009 | Michelle Malkin
    AT a flail-and-wail House hearing last month, California Democratic Rep. Maxine Waters melted down in front of big banking CEOs. "Raise your hand! Raise your hand!" she shrieked as she harangued the executives on their business practices and management of federal bailout money. Sneering at the "captains of the universe," whom she refused to address by name ("You, Bank of America!"), Waters excoriated the corporate heads for their greed. "All of my political life," she bragged, "I have been in disagreement with the banking and mostly financial-services community because of practices that I have believed to be not in the...
  • Maxine Waters: Banking on Hypocrisy

    03/13/2009 5:12:13 AM PDT · by Kaslin · 18 replies · 1,152+ views
    Townhall.com ^ | March 13, 2009 | Michelle Malkin
    At a flail-and-wail House hearing last month, California Democratic Rep. Maxine Waters melted down in front of big banking CEOs. "Raise your hand! Raise your hand!" she shrieked as she harangued the executives on their business practices and management of federal bailout money. Sneering at the "captains of the universe," whom she refused to address by name ("You, Bank of America!"), Waters excoriated the corporate heads for their greed. "All of my political life," Waters bragged, "I have been in disagreement with the banking and mostly financial services community because of practices that I have believed to be not in...
  • OneUnited sought Barney Frank's help for TARP funds (still no investigation of the Banking Queen)

    01/22/2009 6:17:29 AM PST · by Libloather · 11 replies · 662+ views
    Biz Journals ^ | 1/22/09
    OneUnited sought Frank's help for TARP fundsBoston Business Journal Thursday, January 22, 2009, 8:57am EST Boston’s OneUnited Bank received $12 million in federal rescue funds last month just weeks after regulators issued a cease-and-desist order to overhaul some of its lending and executive compensation practices. Details of the Federal Deposit Insurance Corp.’s official enforcement action against OneUnited and the bank's pending $12 million infusion were first reported Dec. 5 in a Page 1 article in the Boston Business Journal. The Wall Street Journal reported Thursday that the tiny bank received the bailout money after gaining influential support from Massachusetts congressman...