It was in August of 2010 that the House Ethics Committee decided to proceed with charges against California Congresswoman Maxine Waters for contriving to procure “special favors” for the Massachusetts-based OneUnited Bank. And although “Waters has done her damnedest during [these] three years to exploit as many legal technicalities as possible to try to get the investigation halted…” it now looks as though the jig might finally be up.
In 2008, Representative Waters set up a meeting between officials of the Treasury Department and members of a “trade association” of minority-owned banks. The meeting, however, consisted almost exclusively of OneUnited Bank executives who, to the surprise of the Treasury people, asked them for a $50 million dollar loan!
It seems the minority-owned OneUnited was in trouble. It also seems Maxine Waters’ husband, Sidney Williams, was on the board of OneUnited and owned $350,000 worth of the bank’s stock–stock that would have been worthless if the bank failed. The Congresswoman forgot to mention this minor point to Treasury when arranging the get-together.
Now who came to Waters’ assistance but Rush Limbaugh’s “Banking Queen,” Massachusetts Congressman Barney Frank? Advising the congresswoman that her involvement in the affair might not look so hot to the House Ethics Committee, Frank offered to do the dirty work for her as OneUnited Bank was, after all, in his district. Frank later told the Committee:
“I said, look, it’s a Boston institution. You should stay out of it. It’s a legitimate constituency thing for me. You should stay away from this. It’s a legitimate thing for me to do, and you shouldn’t be involved,” Frank told the Globe, recounting his conversations with Waters.
Although it is against House rules to “use one’s power as a member for personal financial gain,” it’s apparently just FINE if one of your House colleagues does it FOR you.
At this point, Waters’ Chief of Staff—and grandson—Mikael Moore decided to lend a hand. He addressed numerous emails to the House Financial Services Committee, “…discussing with committee members details of a bank bailout bill apparently after Ms. Waters agreed to refrain from advocating on the bank’s behalf. The bailout bill had provisions that ultimately benefited OneUnited…”
In the end, OneUnited was the only institution to receive a bailout–$12 million—through section 103-6 of the Emergency Economic Stabilization Act of 2008. And that occurred only after Barney Frank had personally telephoned Treasury Secretary Henry Paulson on behalf of the bank– a call which Frank later claimed to have “forgotten.” Perhaps it was the heat that Frank believed might be heading his way after the Republican blowout win in the election of 2010 that prompted his sudden decision to retire.
And now, after lengthy delays prompted by Waters’ unfounded claims of racism and violation of her due process rights, the Ethics Committee might finally get down to the business of charging this corrupt congresswoman with criminal abuse of the power of her office.
It should be noted that Waters has claimed she only lobbied on behalf of OneUnited in order to “[look] out for the interests of small and minority-owned banks.” And some thought Obama had a corner on the contempt-for-the-intelligence-of-others market.
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This could not have happen to a nicer person, she is so racist, just the type of personality that fit’s the black panther mold. The black panthers could not have found a person like Maxine tha fit’s their racist personality as close as Maxine flaunts her racial feelings, and now to find her past troubles coming to a head, and Prison could very well be in her stars, makes me so darn happy, I just might send myself some flowers just to celebrate in her misery. Way to go Maxine, could not have happen to a better person than you, Maxine.
This person and her cronies all need to be locked up for the damage they do to this country
i added her name to my long list of politicans,i called her today and got a guy named chaze,and i told him that we the people want her indicted for her part in one united bank,and if she is doing anything to have ovomit indicted for treasonous acts against we the people,and the constitituion,and if she is not removing illegal aliens from this country,then she is in violation of aiding and abetting illegal aliens,and by allowing these illegals to remain,she is a trader to the american citizensand that i will be calling maxine everyweek,until she is indicted for fraud with one united bank,and we will be watching her deeds,not her words,then a said the pledge of alligence.and last a told her have a nice legal tax paying american citiziens,chuck norris,sheriff joe and cold case poss day.and i told the guy chaze that i am taping this,works everytime.god bless america,
AMEN…..God IS answering OUR prayers, THANK YOU LORD…I knew he wouldn’t let us down!!
It’s past time that all these criminals get the same treatment as you and I would, they passed the laws and THEY have to live by them TOO!!
For almost 4 years now we have lived in a LAWLESS country full of criminal politicians and NOW we have to keep on keeping on to get our country cleaned up!! A special shout out to all the REAL STAND UP AMERICANS that are helping restore law and order in our country!!
The demorats think they can do anything and get away with it. I’m sick and tired of it. I sure hope President Romney conducts a boat load of investigations started with Barney Frank
Maxine Waters and ethics in the same sentence is a contradiction in terms and is also a laughable statement.
Democrats get a pass most of the time. See how this pans out.
maxine you are a despicable treasonous racist,who should be indicted for the actions with one united bank,and for allowing racism to flourish,and we the people demand maxine be charged with fraud and deception,and for allowing racism under her watch,to continue. and we the people demand should be removeod from office.god bless ron paul,sheriff joe and cold case posse,chuck norris,and all american veterans/citizens,one nation under god
When all else fails we are all racists! And bigots……..An other one bites the Dust ! Get them all from the janitor to the “Presidente” That includes his Old Lady ! Who feels all us whites are racists because we want to play by the rules…..NO MORE! I”M MAD AS HELL AND I AM NOT GOING TO PUT UP WITH ANY MORE! I didnt vote for the Bum and he doesnt deserve to carry the title!
Hey, just look what corruption and nepotism did for Detroit. It sure is a thriving metropolis today-huh?
If Justice is to triumph Maxine Waters,Barney Frank,and Chris Dodd all should be prosecuted for theft in office,Malfesence ,Misfeasence, and non feasence of duty as a sworn official to defend ,protect, and honor the rule of law of the United States Constitution! OneUnited has ties to Dodd-Frank Legislation and the scam of Freddie Mac and Fannie May.These unethical greedy people are the reason we as a Nation are in a Financial Meltdown! The head Ring Master Obama is a Mundacious individual who approves of the illegal,unethical, and treachous behavior of these Sociopaths who are robbing the treasury of the United States!
And there she is…THE QUEEN OF STUPID ! Never in my life will I ever understand how a person of this low an IQ could get elected to CONgress. This poor person couldn’t pour water out of a shoe with the directions on the heel. She just comes up wanting in all areas of intelligence. But realistically speaking, her constituents are the most intellectually challenged. After all they’re dumber re-electing dumb. It reminds me of the way of welfare. Once you get on the free ride it’s tough to get off !
Good! She should be sent three minds outside the city wall.