We just got through with Rep. Charlie Rangel's ethics violations, and now another Congressional Black Caucus member is in trouble. A U.S. House panel is preparing to accuse Rep. Maxine Waters (D-Calif.) of at least one ethics violation in her efforts to help a bank with ties to her husband, and the longtime liberal Los Angeles Democrat plans to fight the charges in a House trial.
Rep. Waters came under scrutiny last year after OneUnited Bank, one of the nation's largest black-owned banking institutions, received $12 million in bailout funds. The funding came three months after Rep. Waters, a senior member of the committee that oversees banking, helped arrange a meeting between officials of the bank, other minority-owned financial institutions and Treasury Department representatives. Her husband, Sidney Williams, had owned stock in the bank and served on its board. Rep. Waters has previously said that she fully disclosed her husband's ties to the bank.
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Maxine Waters Faces Ethics Charges
