California Rep. Waters is under investigation

[keroro gunsou]

Source: AP by way of Yahoo

WASHINGTON – 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.

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.

Read more: http://news.yahoo.com/s/ap/20091029/ap_on_go_co/us_waters_ethics

[WriteDown]

1. This is why most leave richer than when they started. nt

[rwheeler31]

2. Former officials, are whom?

[zbdent]

9. probably all Bush appointees ...

[Xicano]

3. I say before Waters gets investigated Cheney and Haliburton no bid contracts should be investigated.

I am not giving Waters a pass, I am just saying...

[maglatinavi]

4. investigations

So, what else is new???:nopity: :nopity: :nopity: :eyes: :eyes:

[comtec]

5. suspicious timing imho (nt)

[Le Taz Hot]

6. I LOVE Maxine but

her shady activities have been going on for years. Everybody pretty much knows about it and accepts it. I agree with the poster above, could we FIRST investigate Cheney, *, Rumsfeld and all the other corrupt sons o bitches that got us into an illegal war (which Maxine voted AGAINST) and raped the country of the treasury? As far as I know her stuff never got anyone killed or depleted their life savings.

[Demeter]

8. And it's not likely that any kind of influence could do much for a bank

under the chaos of what passes for high finance in this country. Unless you are Goldman Sachs, that is.

[Vidar]

7. I wish Maxine the best.