Maxine Waters - Another Socialist Corruption Trial - funnels taxpayer money to husbands bank.flv

"Los Angeles Democrat, Maxine Waters has joined fellow Democrat Charles Rangel in giving pre election ethics headaches to the Democratic Party. Waters, who has served for over 3 decades in Congress, is accused of using her connections to obtain government bailout funds for a bank in which her husband has an interest. The Los Angeles Times reports as follows.
"One of Los Angeles' most enduring black politicians, 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 committee that oversees banking, helped arrange a meeting between officials of the bank, other minority-owned financial institutions and Treasury Department representatives."
Waters claims to have disclosed her husband, Sidney William's financial interest in the bank as well as his service on the bank's board of directors. Additionally, she claims that her assistance to the bank was in keeping with her efforts to help promote economic opportunity for minorities in her district.
The conflict of interest allegations are another midterm election season headache for the Democrats, who would like to dispose of the charges with a perfunctory slap on the wrist. Waters, however defends her actions and could choose to do so in formal proceedings rather than make what she feels is an undeserved admission of guilt.
The accusations against Waters differ from those against Charles Rangel, whose alleged ethics violations span a long period of time and constitute a pattern of questionable behavior. Maxine Waters, on the other hand is accused of a specific set of actions, of helping a bank with which her husband has ties get preferential treatment. This does not constitute a pattern of actions over time, as do the alleged misdeeds of Charles Rangel.
Observers of past ethics panel proceedings in the past say that Maxine Waters could get away with a light reprimand. Punishment could extend as far as a public censure in front of Congress or even expulsion. The real fear of the Democrats, however is the backdrop in the minds of voters of corruption allegations juxtaposed to Nancy Pelosi's much publicized declaration of intent to run an ethical Congress. The trials of Rangel and Pelosi in the court of public opinion are, of course what is on everyone's mind. Those verdicts will be delivered in November."
from indyposted.com

Category:

News & Politics

Tags:

• Maxine Waters
• Los Angeles
• CA Representative
• OneUnited Bank
• bank bailout
• Sidney William
• House Ethics Committee
• corruption
• dishonest
• theft
• progressive democrats
• socialist
• liberal

[danielcooper1000]

We will not find justice at the hands of corrupt judges. (See YouTube videos) Judge to Judge on Illegal Payments to Judges / Evil Triangle of Court Corruption / Richard fine / Dr Shirley Moore slush funds /SBX 211. To end this title wave of corruption in our country must start with the corrupt judges. We can not bring evidence of corruption to corrupt judges. Los Angeles Superior Court judges are illegally and unconstitutionally taking 50,000.00 each for a total of 23 million per year.

[fab4bear]

@danielcooper1000 The most corrupt holds the title of Attorney General. He believes in selective prosecution.

[fab4bear]

Who's to blame here? Barney Frank, who allegedly stepped in and granted the $12M to Waters' Husband's OneUnited Bank, or Maxine Waters who arranged the meeting with OneUnited Bank and the Congressional Committee? Sounds like collusion to me. CHARGE BOTH OF THEM.

[fab4bear]

The controversy over Maxine Water's investigation erupted when a Congressional ethics panel suggested that one of Rep. Frank's Washington colleagues, Rep. Maxine Waters, committed ethics violations by attempting to use her political influence to funnel taxpayer-funded bailout money to wealthy campaign donors.

[fab4bear]

After recognizing this constituted an ethics violation, Barney Frank stepped in and told her that he would personally handle the issue. He has publicly admitted that he directed more than $12 million to businesses owned by Rep. Waters' rich friends and campaign donors.

[fab4bear]

Bailout Barney has admitted that he didn't look at OneUnited Bank's operations, which include poor business practices and excessive executive pay and perks - including the CEO's company owned Porsche, and knew that funneling the money himself allowed Rep. Waters to avert ethics violations. But he still needs to explain why he advocated bailing out this bank with $12 million in taxpayer funding!

[chino1922]

@fab4bear .Both of the loudest ignornant corupt lawmakers in the Nation! Yet The Democrats will not call for their recall! If your a demo and corupt they still relect you and will call out the Rebulicans if their corupt! God sees the truth and these two will meet their Doom!

[letzteschlact2]

racism, pure and simple ... it's all George Bushs' fault ... and those pesky racist Tea Baggers.