Another Black Caucus member under scrutiny Maxine Waters to face ethics trial
According to the L.A. Times, the House Committee on Standards of Official Conduct is confronting Waters over allegations that she helped One-United Bank, a Massachusetts-based, minority-owned bank in which her husband owned stock and once served as a board member, receive $12 million in bailout funds.
Waters is purported to have arranged a meeting between the Black-owned bank officials and Secretary of Treasury Henry Paulson in 2008. At the time, Paulson did not know Waters’ husband, Sidney Williams, had a relationship with the bank.
Formal charges are expected to be announced next week according to the New York Times. The details have not been revealed because the proceedings remain confidential.
Waters is the second prominent Black member of Congress to be targeted by the ethics ...
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