Saturday, July 31, 2010

Ethics Trial Expected for California Congresswoman

The New York Times reports Ethics Trial Expected for California Congresswoman Maxine Waters. This doesn't sound particularly bad to me (unlike the Rangel charges which are bad).

"Ms. Waters, at the time the investigation by the House ethics panel began last fall, was accused of intervening on behalf of OneUnited, a Boston-based bank. The Times reported last year that Ms. Waters called Treasury Secretary Henry M. Paulson Jr. in 2008, as the economy was in a free fall, to ask him to host a special meeting with executives from black-owned banks.

What Mr. Paulson did not know at the time was that Ms. Waters’s husband, Sidney Williams, owned stock in and had served on the board of OneUnited, whose chief executive turned the Treasury headquarters meeting into a special appeal for bailout assistance. The executive of the institution, one of the nation’s largest black-owned banks, asked for $50 million in federal aid, The Times reported."

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