Congresswoman Maxine Waters, (D-CALIF) Uses Power to Help Her Husband’s Bank
The following is a re-post of Marbie’s March 13, 2009 Blog post. More than one year ago, the Wall Street Journal reported on this. Finally, Congress is taking action.
The Wall Street Journal online has a “big” story today that you MUST NOT miss. I haven’t heard it anywhere on television and I’m wondering why. If this was about a Republican, it would be headline news every fifteen minutes, with opinions and interviews from every so-called expert in the world.
” Ms. Waters, a longtime congresswoman from California, had close ties to the minority-owned institution, OneUnited Bank.
Ms. Waters and her husband have both held financial stakes in the bank. Until recently, her husband was a director. At the same time, Ms. Waters has publicly boosted OneUnited’s executives and criticized its government regulators during congressional hearings. Last fall, she helped secure the bank a meeting with Treasury officials…. The financial-services committee on which Ms. Waters sits oversees banking issues, and the lawmaker is a potential future chairman…OneUnited’s executives have donated $12,500 to Ms. Waters’s election campaigns.”
I’m angry with the California voters that continually re-elect that bunch of Democrat crooks out there who are at the heart of this country’s financial problems. They’ve bankrupted California and are well on the way to bankrupting the entire nation. I’m talking about Nancy Pelosi, Maxine Waters, Henry Waxman and Diane Feinstein.
Today’s big story is about Rep. Maxine Waters, the big mouth who threatened to nationalize/socialize the big oil companies. (Hugo Chavez style) She wants the federal government to take over private and publically-traded oil companies (which belong to every person who owns shares of their stock in their retirement funds)
Maxine serves on the House Financial Services Committee, which oversees banks and lending institutions. You need to read the article at the link above for all the details. It’s too much to recount here. In a nutshell, Rep. Waters and her husband, Sidney Williams, have owned shares in certain banks, and served on their boards, that received $12 million in TARP funds under her watch, which she claims she didn’t know about. (Pfffft.! Sure!) She’s also influenced important decisions made by the banks in direct conflict with her duties on the HFS Committee. She should never have taken a position on this committee and should be removed from it immediately.
Her colleague, Barney Frank, hugely responsible for today’s financial woes, wrote a provision into the bank bailout bill to expressly benefit a black-owned bank. But of course, everyone knows it’s the Republicans who are racists.
If you’re tired of crooked politicians, stop voting for them. Write to Maxine and demand that she step down from the House Financial Services Committee now.
|DC Address:||The Honorable Maxine Waters
United States House of Representatives
2344 Rayburn House Office Building
Washington, D.C. 20515-0535
|10124 South Broadway, Suite 1
Los Angeles, CA 90003
|6033 West Century Boulevard, Suite 807
Los Angeles, CA 90045