Waters to face ethics trial

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Late last week the House Ethics Committee revealed that another senior Democrat would face ethics charges. Rep. Maxine Waters, after refusing to settle charges that she improperly intervened in the bailout process for troubled banks, will face a trial by the House Ethics Committee at the same time that the committee is trying Rep. Charlie Rangel on multiple violations of House ethics rules.

The Los Angeles Times reports on the details:

Waters came under scrutiny last year after Massachusetts-based OneUnited Bank, one of the nation’s largest minority-owned institutions, received $12 million in bailout funds.

The funding came three months after Waters, a senior member of the House committee that oversees banking, helped arrange a meeting between officials of the bank, other minority-owned financial institutions and Treasury Department representatives. Waters’ husband, Sidney Williams, had owned stock in the bank and served on its board.

Waters has previously said that she fully disclosed her husband’s ties to the bank.

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  • KELLI2L

    Clear case of conflict of interest. She is supposed to know better and recused herself from anything having to do with the bank in which her husband was a Board Member…..We must expect MORE from our politicians in office….

  • Ethan Allen

    Here are some interesting thoughts by the investigative journalist Robert Parry, that may provide a bit of a historical backdrop for the current political and media frenzy over Representatives Rangel and Waters.
    http://www.consortiumnews.com/2010/080210.html

  • Disclosure shouldn’t be enough. She is undoubtedly going to make money off the bailout funds. She should not be able to cast a vote in the decision.