California Rep. Maxine Waters accused of three ethics violations

[alp227]

Source: Los Angeles Times

Reporting from Washington —
Even as Democratic Rep. Maxine Waters of California was warned by a colleague against interceding on behalf of a troubled bank with ties to her husband, her chief of staff, who also is her grandson, was "actively involved" in working to help the bank, according to a House Ethics Committee report released Monday that accuses the longtime Los Angeles political figure of three ethics violations.

Around the same time that Waters set up a September 2008 meeting between U.S. Treasury Department officials and representatives of minority-owned banks, her chief of staff, Mikael Moore, sent an e-mail to the staff of Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee. According to the report, the subject of the e-mail was: "O U is in trouble.'"

Three months later, Boston-based OneUnited, with branches in Massachusetts, Florida and Los Angeles County, received $12 million in bailout funds.

If OneUnited had not received the aid from the Troubled Asset Relief Program, Waters' husband's financial interest in the bank would have been worthless, according to the House Ethics Committee's 10-page statement of alleged violations.

Read more: http://www.latimes.com/news/nationworld/nation/la-na-maxine-waters-20100810,0,6980293.story

[Baclava]

1. Think she'll cut a deal or go to trial?

"Unless a settlement is reached, Waters will face a trial, probably this fall, before an eight-member panel of fellow House members evenly divided between Democrats and Republicans."

[slackmaster]

2. She'll cut a deal and end up being "censured"

Then go back to business as usual.

[Junkdrawer]

3. And you thought no one would be punished for the banking frauds....

$12 million down, $699 billion, 988 million to go....

[bemildred]

4. What a load of horseshit. nt

[defendandprotect]

5. Sounds like the same ole crap . . . I happen to be a fan of Maxine Waters . . .

so guess there's a bias there -- but I don't see this as anything but

a restatement --

Let's start with reinvestigating ALL THE BANKS that got bail-outs . . .

In fact, let's go back and look at Silverado and the thefts and embezzlements of that

time which cost taxpayers near a trillion? Who knows how much it actually cost?


IMO, crimes of so many others have been brushed aside -- Stevens/Di Francesco??

Neal Bush -- gang that has tried to destroy Don Siegelman --

Not to mention the crimes of the FED in handling this bail out money!

[Alameda]

7. ditto

I agree with what you said....Silverado....for a start.

[classysassy]

6. Why

is Jane Harman getting a pass when it come to ethics?