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First Rangel, now Waters

by EdHannigan / July 31, 2010 8:49 AM PDT

Gee, Nancy, you sure did drain that swamp!

http://news.yahoo.com/s/ap/20100731/ap_on_go_co/us_waters_ethics

WASHINGTON ? A second House Democrat, Rep. Maxine Waters of California, could face an ethics trial this fall, further complicating the election outlook for the party as it battles to retain its majority.

Both Waters and Rangel are prominent members of the Congressional Black Caucus and the trials would be an embarrassment for the group. Dual ethics trials would also be a major political liability for Democrats, forcing them to defend their party's ethical conduct while trying to hold on to their House majority.

While Rangel is a former chairman of the tax-writing House Ways and Means Committee, Waters is a prominent member of the House Financial Services Committee.

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.

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what sort of "financial ties"?
by James Denison / July 31, 2010 10:55 AM PDT

More than just a bank account?

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In the story...
by EdHannigan / July 31, 2010 12:13 PM PDT

Her husband, Sidney Williams, held at least $250,000 in the bank's stock and previously had served on its board. Waters' spokesman has 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.

Lots of opportunities for financial hanky-panky.

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can't say I blame her since...
by James Denison / July 31, 2010 9:30 PM PDT
In reply to: In the story...

...the administration's policy seems to be "too big too fail" which makes the various banking regulatory agencies seem like they are there for maybe the top 10 banks first and foremost, and often only.

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Maxine's corruption goes back years...
by EdHannigan / July 31, 2010 11:50 PM PDT
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