REP. MAXINE WATERS (D-CA) NAMED ONE OF THE MOST CORRUPT MEMBERS OF CONGRESS
“In the midst of a national financial catastrophe, Rep. Maxine Waters (D-CA) used her position as a senior member of Congress and member of the House Financial Services Committee to prevail upon Treasury officials to meet with OneUnited Bank. She never disclosed that her husband held stock in the bank. This outrageous conduct has led Citizens for Responsibility and Ethics in Washington (CREW) to include the congresswoman as one of the Most Corrupt Members of Congress. Click here to read the full report on Rep. Waters.
“By contacting then-Treasury Secretary Henry Paulson to request a meeting, allegedly for a group of minority-owned banks, but then arranging for only one bank – OneUnited, in which she had a financial interest – to attend, Rep. Waters violated House conflict of interest rules,” said CREW Executive Director Melanie Sloan.
Around the same time Rep. Waters asked the Treasury Department to hold the initial meeting, Rep. Waters spoke to Rep. Barney Frank (D-MA) about OneUnited, telling him that her husband previously had served on the board. Rep. Frank advised her to stay out of matters related to the bank. Nevertheless, Rep. Waters’ chief of staff and grandson, Mikael Moore, continued to actively assist OneUnited representatives in their quest to receive bailout funds, and worked to craft legislation authorizing Treasury to grant OneUnited’s request.
Rep. Waters was scheduled for an ethics trial on November 29, 2010, but the House Ethics Committee postponed the hearing. Inconsistent reports have emerged suggesting both potential new evidence and serious misconduct by two of the committee’s attorneys and improper conduct by committee members. In July 2011, the committee hired respected D.C attorney Billy Martin as outside counsel to investigate both the case against Rep. Waters and the committee itself.”
….Continue reading @ CitizensForEthics.org
House panel set to clear Rep. Maxine Waters of ethics charges
|| The Hill | 2012
“The House Ethics Committee has completed a report clearing Rep. Maxine Waters of all ethics charges after nearly three years of investigating the California Democrat.
At a rare public hearing for Waters on Friday, members of the secretive Ethics panel said they were prepared to issue a report finding the lawmaker innocent of allegations that she tried to secure federal money during the financial crisis for a bank in which her husband owned stock.
Waters cannot be formally cleared until the panel votes on its report. The committee has until the House adjourns on Friday evening to send its report to the clerk or it must wait until next Tuesday, when the chamber reconvenes in a pro forma session.
The panel is also considering the fate of Waters’s chief of staff and grandson, Mikael Moore. The committee is threatening to sanction the staff member with a letter of reproval for using his position to assist One United Bank, where Waters’s husband owned $350,000 in stock. The letter would reprove Moore for allegedly using his office for personal gain, dispensing favors and bringing discredit against the House.
After nearly three hours of questioning Moore, the committee moved into a private executive session to discuss his testimony and possibly vote on whether to issue him a letter of reproval.
Waters, who sat immediately behind Moore for the entire hearing, told reporters as she left the hearing room that she was waiting to comment on the morning’s events until after the committee had voted.
The committee’s report determined that Waters had taken significant steps to remove herself from negotiations involving One United Bank’s bailout, including alerting Rep. Barney Frank (D-Mass.), the then-chairman of the House Financial Services Committee about the possible conflict of interest.
Frank advised Waters to refrain from involving herself in talks between One United Bank and the Treasury Department, and on Friday the veteran Massachusetts Democrat lauded the Ethics panel’s findings.”
….Continue reading more @ The Hill