• News
  • Celebrities
  • Finance
  • Crypto
  • Travel
  • Entertainment
  • Health
  • Others

House Ethics Committee Releases Details on Charges Against Waters

Today, the House Ethics Committee released a number of documents related to the three charges against Rep. Maxine Waters (D-Calif.), accused of working to further a Treasury bailout for a bank with ties to her husband. Here, Megan Carpentier at Talking Points Memo summarizes the incident in question:

According to the Ethics Committee, around September 7, 2008 — the date that the government took over Fannie Mae and Freddie Mac — OneUnited CEO Kevin Cohee contacted Waters to ask for her help in setting up a meeting with officials at the Department of Treasury regarding the takeover of Fannie Mae and Freddie Mac. That takeover resulted in total losses to all Fannie and Freddie stockholders, including OneUnited [a bank on whose board Waters' husband used to sit, and a bank he remained invested in].

[...]

Waters called the Treasury Department on September 8, 2008 and arranged the meeting with Treasury for the National Bankers Association, a trade organization for minority- and women-owned banks of which OneUnited was a member. Though the AU investigation and Ethics Committee disagree whether anyone but OneUnited officials were in attendance, a group representing NBA and including executives from OneUnited met with Treasury Department officials on September 9, 2008 to discuss the impact of the Fannie and Freddie takeover on minority-owned banks. She then directed her chief of staff, Mikael Moore, to follow up on the results of the meeting.

At the same time, the Ethics Committee says, Waters had her chief of staff — Moore, her grandson — email Rep. Barney Frank (D-Mass.), the head of the House Financial Services Committee, to say the bank was in trouble. Frank advised Waters and her office to stay out of it because of her conflicts of interest. But she allegedly continued to intervene on the bank’s behalf. The bank ultimately received $12 million in Troubled Asset Relief Program funds. The Ethics Committee argues Waters’ husband would have lost money were it not for that bailout.

The Ethics Committee charges that Waters violated three rules: dispensing a favor, not acting “in a manner that shall reflect creditably on the House” and using her influence for personal benefit. Waters denies wrongdoing and has chosen to fight the charges.

Discussion & Comments (0)

    Recent Articles

    • Things You Should Know about North America

      Things You Should Know about North America

      Get to know more about North America.

    • Eurovision 2010 Paula Seling Unpredictable Contest

      Eurovision 2010 Paula Seling Unpredictable Contest

      Paula Seling's experience on the Eurovision stage led her to declare that "Eurovision is an unpredictable contest". Which may explain the success of the young Lena from Germany, about whom the predictions before the event did not offer much chances for victory.

    • VIPRow.me - The Best Sports Streaming Website Today

      VIPRow.me - The Best Sports Streaming Website Today

      Have you ever contemplated creating a user-friendly site dedicated to sports-related free live streaming channels?

    • Learn How To Download, Install, And Use The Xnxubd 2022 Frame App

      Learn How To Download, Install, And Use The Xnxubd 2022 Frame App

      XNXUBD 2022 Nvidia users are able to watch thousands of videos and other contents online. XNXUBD 2022 Nvidia New is a piece of software that enables people to watch videos online without having to pay for memberships. On a graphics card, the XNXubd also provides some of the best gaming and virtual reality experiences.

    • Xvideostudio Video Editor Apk Free Download For Pc Full Version In 2022

      Xvideostudio Video Editor Apk Free Download For Pc Full Version In 2022

      A new edition of the Video Editor Apk for xVideostudio.Video Studio has all the latest features, including support for multiple video download formats in HD, FHD, and even 4K resolutions.

    • 9 Best Lotion For Masturbation - Popular Choice For 2022

      9 Best Lotion For Masturbation - Popular Choice For 2022

      Masturbation is a common activity for men and women. It's a natural and risk-free way to explore your body, experience pleasure, and release sexual tension.

    • Reasons Why You Need To Stop Watching Movies From Sflix

      Reasons Why You Need To Stop Watching Movies From Sflix

      Without having to sign up or pay anything, you can watch movies online for free with SFlix. It has more than 10,000 movies and television shows.

    • Coi Leray Mom And Dad's Family History & Wife, Explained

      Coi Leray Mom And Dad's Family History & Wife, Explained

      Coi Leray Collins (born May 11, 1997) is a rapper from the United States. Leray started publishing songs to SoundCloud in 2014, and in 2018 she released her breakthrough track "Huddy" as well as her first mixtape, Everythingcoz.

    • Listen And Download Music On MyFreeMP3 For Free

      Listen And Download Music On MyFreeMP3 For Free

      Are you in a bind and looking for a place to obtain free mp3 songs? Never again will you need to bother, since this article has everything necessary to obtain your solution. Download free music from MyfreeMP3.com, one of the world's most popular websites.