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-Lurid Crime Tales-
Ethics panel to charge Waters
2010-07-31
Well...knock me over with a feather.
It's Christmas in July ...
WASHINGTON -- A House investigative panel has decided to charge Democratic Rep. Comrade Maxine Waters of California with ethics violations, raising the possibility of a second high-profile trial with political implications for Democrats this fall.

Insiders say the allegations could be announced next week. The House ethics committee (think of an escargot pretending it has a backbone) declined Friday to make any public statement on the matter.

Waters has been under investigation for a possible conflict of interest involving a bank that was seeking federal aid. Her husband owned stock in the bank.

Waters came under scrutiny after former Treasury Department officials said she helped arrange a meeting between regulators and executives at Boston-based OneUnited Bank without mentioning her husband's financial ties to the institution. Her husband, Sidney Williams, held at least $250,000 in the bank's stock and previously had served on its board. Waters' front man has said Williams was no longer on the board when the meeting was arranged.
But did he still own the stock?
Waters has said the National Bankers Association, a trade group, requested the meeting. She defended her role in assisting minority-owned banks in the midst of the nation's financial meltdown and dismissed suggestions she used her influence to steer government aid to the bank.
Posted by:tu3031

#8  Getting them out of the way so that members of another faction can take their place.

Anonymoose, what happens to all their fine plots should the Republicans take over the House in January?
Posted by: trailing wife   2010-07-31 23:51  

#7  hmmm... interesting.
Posted by: Martin    2010-07-31 22:31  

#6  A teachable moment for the CBC. And part of getting them back to the plantation.
Posted by: Nimble Spemble   2010-07-31 21:44  

#5  The story behind the scenes is that Waters is the closest ally of Rangel. She is also very powerful on the Banking committee.

So add it all up: Rangel off Appropriations, and Waters off Banking.

Both of them have been breaking the rules forever, with no consequences from either party. So this just screams "purge". Getting them out of the way so that members of another faction can take their place.

And since the dominant faction right now is the 1960s radicals, they are who is responsible.
Posted by: Anonymoose   2010-07-31 21:35  

#4  I thought this sounded familiar. Mr. Senior Discount was also involved.

The Los Angeles Times conveniently forgets to touch upon the fact that Congressman Barney Frank (D-Mass) was also involved in the bailout of this bank. As head of the House Financial Services Committee, he was able to insert legislation designed to replenish the coffers of OneUnited with taxpayer money.

These efforts were made despite the FDIC and Massachusetts bank regulatory officials alleging that poor lending practices and executive-compensation abuses contributed to the failure of the bank. Barney Frank justified his actions, in part, by citing the bank as the state's only financial institution owned by African-Americans.

Or was Barney Frank just logrolling (the trading of favors in politics so that the true perpetrators fingerprints are left off actions designed to favor them) for his political ally Maxine Waters. One can only hope that Congresswoman Waters continues her defiant stand towards the Ethics panel, refuses to accept a trivial "reprimand" and that some facts about Frank's role in this scandal come to light. This is the type of oversight that would be done if the Republicans took over the House and Darrell Issa, who heads the Government Oversight Committee, took charge.

Come to think of it..maybe the Ethics Panel, whose docket is filled with Democrats in trouble, is trying to rush through resolutions of these problems before Republicans take over in January. After all, these issues have lingered for a long time; yet, only now as November approaches, are we seeing a rush in Congress to sweep them under the rug. Or is it just a Congressional Coincidence? Uh, no.
Posted by: tu3031   2010-07-31 12:45  

#3  As a Threefer (black/female/leftist), this loud-mouthed harpy doesn't have anything more to worry about than a Strongly Worded Letter® - and maybe not even that.
Posted by: Ricky bin Ricardo (Abu Babaloo)   2010-07-31 12:21  

#2  Sidney Williams, held at least $250,000 in the bank's stock and previously had served on its board.

Yep, kept the bank stock certificates in the Frigidaire behind the frozen Swanson Teevee dinners along with a couple hundred thousand in cash.
Posted by: Besoeker   2010-07-31 07:12  

#1  Helping minority owned banks huh?
So honky White owned banks and their investors (who are probably a bunch of moonbeams too) can go down the toilet?
Posted by: bigjim-CA   2010-07-31 07:10  

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