Saturday, July 31, 2010

Ethics Trial For Commucrat Maxine Waters

Rep. Maxine Waters Chooses Ethics Trial

By Chad Pergram
Published July 30, 2010

Rep. Maxine Waters has chosen to go through an ethics trial akin to the one likely on the docket for Rep. Charlie Rangel, Fox News has confirmed, further complicating the midterm election outlook for Democrats as they battle to keep control of the House.

The allegations against the California Democrat could be announced next week, people familiar with the investigation, who were not authorized to be quoted about unannounced charges, said. The House ethics committee declined Friday to make any public statement on the matter.

Waters, 71, is accused of using her position to help arrange for federal bailout funds for a bank associated with her family. She was investigated for communicating with an executive at a bank in which her husband owned stock. The bank was applying for a federal bailout. She serves on the House Financial Services Committee.

"I am confident that as the investigation moves forward the panel will discover that there are no facts to support allegations that I have acted improperly," Waters said in a prior statement.

Waters decision presents a rare, rather bizarre situation for House Democrats and two, public trials for members of the Congressional Black Caucus. Rangel, a New York Democrat, also faces an ethics trial this fall on separate charges that included failure to disclose assets and income, nonpayment of taxes and doing legislative favors for donors in order to have a college center named after him.

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Waters came under scrutiny after former Treasury Department officials said she helped arrange a meeting between regulators and executives at Boston-based OneUnited Bank without mentioning her husband's financial ties to the institution.

Her husband, Sidney Williams, held at least $250,000 in the bank's stock and previously had served on its board. Waters' spokesman has said Williams was no longer on the board when the meeting was arranged.

Sources familiar with the Waters inquiry indicate that the House Ethics Committee was prepared to issue a report in Waters case and was expected to dole out

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