After three years of Maxine Water’s stonewalling, her ethics case has moved closer to a hearing. She claimed her due process rights were violated but outside counsel found they were not.
The House Ethics Panel now has to await a decision by outside counsel as to whether or not the case can proceed on its merits.
Waters has been accused of intervening improperly on behalf of a bank on whose board her husband served and in which he owned stock.
She is in line to succeed Rep. Barney Frank as the top Democrat on the House Financial Services Committee next year. Ironic, isn’t it?
The case seems quite serious, especially since she arranged for bailout funds to the bank connected to her husband during what she claims is the worst financial crisis since the Great Depression. This is the same person who wants to confiscate businesses in the name of government.
LA Times:…During the 2008 financial crisis, Waters, a senior member of the House Financial Services Committee, called then-Treasury Secretary Henry M. Paulsonto to set up a September meeting between his staff and representatives of minority-owned banks.
The Office of Congressional Ethics, an independent body that referred the case to the House Ethics Committee, said the discussion at the meeting “centered on a single bank, OneUnited.” Three months later, OneUnited received $12 million in federal bailout funds.
The ethics panel also accused Waters’ Chief of Staff Mikael Moore, who is her grandson, of working to help the institution, even as Frank, then-chairman of the House Financial Services Committee, urged Waters to “stay out of it” because of her husband’s ties to the bank. Waters’ husband, Sidney Williams, served on the OneUnited board from January 2004 to April 2008.
Waters, a prominent black politician, has defended her actions as in keeping with her lifetime of work to aid minority-owned businesses and said that she didn’t benefit financially from her actions…