U.S. Congresswoman Maxine Waters is not going out without a fight. The Democratic Los Angeles representative plans to go to trial over accusations that she violated ethics regulations.
A House ethics submcommitte says that Maxine waters “improperly intervened” to get bailouts for OneUnited Bank: A bank that she and her husband had more than $250,000 worth of stock in. They also claim her husband served on the board and together, they got Treasury Secretary Henry Paulson Jr. to arrange a special meeting with Black bank execs. OneUnited asked for $50 million in Federal aid, but ended up getting $12.1 million instead.
Waters has since refused an offer to settle the panels charges and has opted to go through with the trial.
The allegations against Maxine Waters come right on the heels of charges against Charles Rangel, the New York Democratic congressman. Rangel has been a member of the U.S. House Of Representatives for four decades and recently fought similar charges of ethics violations and failure to follow tax laws. The House Ethics Committee said Charles Rangel violated gift rules by failing to reimburse corporations for travel to attend conferences in the Caribbean. Overall he was hit with at least 13 charges.
Coincidentally, both Maxine Waters and Charles Rangel are members of the Congrssional Black Caucus. And, this will make the first time in at least two decades that two sitting House members faced charges at the same time.
Waters has publicly denied any wrongdoing. “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 prior statement.
They say an “independent” watchdog agency called the Office of Congressional Conduct initiated the inquiry but we smell a witch hunt. The House is chasing these people for using their political connections to get support for the organizations they have a vested interest in? It seems like they are being targeted for doing the same sh*t all people do.