Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Waters Likely 2nd Dem Headed to Ethics Trial

Allegations coming next week, insiders say

By the Associated Press

Posted Jul 31, 2010 8:40 AM CDT

(AP) – 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. Waters, 71, has been under investigation for a conflict of interest involving a bank that was seeking federal aid. Her husband owned stock in the bank and had served on its board.

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. Waters 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. Waters, like Rangel, could settle her case by arranging a plea bargain with the ethics committee. So far she has decided instead to fight.

In this Oct. 28, 2009 file photo, Rep. Maxine Waters, D-Calif., is seen on Capitol Hill in Washington.
In this Oct. 28, 2009 file photo, Rep. Maxine Waters, D-Calif., is seen on Capitol Hill in Washington.   (Charles Dharapak)
« Prev« Prev | Next »Next » Slideshow

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. - Rep. Maxine Waters

« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
36%
9%
13%
23%
6%
13%
To report an error on this story, notify our editors.
COMMENTS
Showing 3 of 35 comments
steviechords
Aug 1, 2010 3:19 PM CDT
It's rough being black in the house nowadays!
Naked_Emperor
Aug 1, 2010 11:49 AM CDT
Damn, that women makes Jan Brewer look like a beauty queen.
AdaptAndOvercome
Aug 1, 2010 10:04 AM CDT
Wow, 2 people of color are being attacked first Rangel and now this lady. First off all, I think that all politicians are shady, some very little, others extremely. If they are looking into Dems backgrounds, they should look at Republcians as well. How funny though, that these "cases" came along just in time for the Nov. elections and both against Dems.

Copyright 2013 Newser, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

 

NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   POPSUGAR Tech   |   Business Insider   |   HuffPost Entertainment   |   NewsOne