We Were Right About Maxine Waters’ Trial Delay

Maxine Waters photoNancy Pelosi was quick to refer the Anthony Weiner scandal to the House Ethics Committee. Yet other more substantial matters, like the Maxine Waters trial, have languished for months.

In 2008, Waters, D-Calif., arranged a meeting with the U.S. Department of Treasury and OneUnited Bank. OneUnited claimed it was in dire need of federal cash as a result of its failed Freddie Mac and Fannie Mae investments. The Troubled Asset Relief Program (TARP) provided $12 million to the bank.

Following OneUnited’s bailout, regulators ordered the bank to hire a new independent board and raise its own capital. The struggling bank was also forced to stop paying for the president’s $6.4 million Malibu home and Porsche.

The representative’s ties to OneUnited were public prior to the incident, and she had outlined her involvement with the bank in multiple federal disclosure forms. The bank’s executives contributed $12,500 to Waters’s congressional campaigns. 

Waters’s …

Rep. Maxine Waters Trial Postponed in Light of New Evidence

Waters photoThe House Ethics Committee abruptly postponed the high-profile ethics trial of Rep. Maxine Waters (D-CA) on Friday, after new evidence came to light which may contradict some of the congresswoman’s previous claims. The Democratic lawmaker is being charged with helping to steer more than $12 million in federal bailout funds to One United, a bank in which her husband had a substantial financial stake.

The New York Times reported on Friday that emails show that Waters’ office may have been advocating on behalf of OneUnited for longer than she previously admitted. Emails reportedly show that Waters’ chief of staff Mikael Moore was actively involved in discussing details of the bank bailout with members of the House Finiancial Services Committee, after Waters told Rep. Barney Frank (D-MA) that she would halt her involvement in banking matters that might conflict with her husband’s financial dealings.

These documents “may directly contradict a bit …