Saturday, November 27, 2010

Maxine Waters Case: New Evidence, No Smoking Gun


MAXINE WATERS SMILING
WASHINGTON– California Congresswoman Maxine Waters is scheduled to go on trial Monday before an ethics panel. The Democrat is accused of trying to obtain a U.S. bailout for a bank where her husband owns stock.
But a recently discovered e-mail, which forced postponement Waters’ trial, appears to bring the House ethics committee no closer to proving the allegation.
An e-mail by Waters’ chief of staff — who’s also her grandson — says Waters was closely watching the writing of bailout legislation that included a provision to help minority-owned banks. But the e-mail doesn’t mention OneUnited Bank — where Waters’ husband is a stockholder.
A key question is whether Waters instructed her chief of staff to get help for OneUnited, when it was in danger of becoming worthless during the near-financial collapse in 2008.
OneUnited did end up receiving $12 million in bailout money. But Treasury Department officials have told House investigators that Waters was not involved in that decision.

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