There is a god-> Rep. Waters Is Under Investigation!

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PostFri Oct 30, 2009 6:17 am » by Forestgrove111


California Rep. Waters Is Under Investigation

Thursday, October 29, 2009 7:25 PM

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The House ethics committee said Thursday it's investigating whether California Rep. Maxine Waters used her influence to help a bank in which her husband owned stock — and whether the couple benefited as a result.


Waters is the No. 3 Democrat on the House Financial Services Committee and chairwoman of its subcommittee on housing. She has been an influential voice in the committee's work to overhaul financial regulations.


Waters came under scrutiny after former Treasury Department officials said she helped arrange a meeting between regulators and executives at OneUnited Bank last year without mentioning her husband's financial ties to the institution.


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Her husband, Sidney Williams, holds at least $250,000 in its stock. He previously served on the bank's board. Waters' spokesman, Michael Levin, said Williams was no longer on the board when the meeting was arranged.


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.


"I am confident that as the investigation moves forward the panel will discover that there are no facts to support allegations that I have acted improperly," Waters said in a statement.


The committee unanimously voted to establish an investigative subcommittee to gather evidence and determine whether Waters violated standards of conduct.


The committee said it would investigate "alleged communications and activities with, or on behalf of, the National Bankers Association or OneUnited Bank" and "the benefit, if any, Rep. Waters or her husband received as a result."


The committee also voted unanimously to investigate whether Rep. Laura Richardson, D-Calif., violated rules of the House, its Code of Conduct or the Ethics in Government Act by failing to disclose property, income and liabilities on her financial disclosure forms.


The investigation also will determine whether Richardson received an impermissible gift or preferential treatment from a lender, "relating to the foreclosure, recission of the foreclosure sale or loan modification agreement" for her Sacramento property.


Richardson said she has been subjected to "premature judgments, speculation and baseless distractions that will finally be addressed in a fair, unbiased, bipartisan evaluation of the facts."


"Like 4.3 million Americans in the last year who faced financial problems because of a personal crisis like a divorce, death in the family, unexpected job and living changes and an erroneous property sale, all of which I have experienced in the span of slightly over a year, I have worked to resolve a personal financial situation," she said in a statement.


The committee ended an investigation of Rep. Sam Graves, R-Mo., and released a report finding no ethical violations. It investigated whether Graves used his position on the Small Business Committee to invite a longtime friend, and business partner of his wife, to testify at a committee hearing on the federal regulation of biodiesel and ethanol production.

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PostFri Oct 30, 2009 7:23 am » by Liberal


This is one of many interesting corruption stories out there right now.

Good post.



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