Do you think Nancy Pelosi will investigate her California pal Maxine Waters for conflict of interest? There is still an ethics panel in the House, isn’t there?
When Rep. Barney Frank was looking to aid a Boston-based lender last fall, the Massachusetts Democrat urged Maxine Waters, a colleague on the House Financial Services Committee, to “stay out of it,” he says.
The reason: 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.
Read the rest from the Wall Street Journal:
Rep. Maxine Waters, center, with Earvin “Magic” Johnson, left, and Ms. Waters’s husband, Sidney Williams, at the 2009 BET Honors Reception in Washington, D.C.