Rep. Maxine Waters House Ethics Case Delayed

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According to House rules, "A member ... may not receive compensation and may not permit compensation to accrue to the beneficial interest of such individual from any source, the receipt of which would occur by virtue of influence improperly exerted from the position of such individual of Congress."

Waters has vehemently defended her record and welcomed a public trial to clear her name. Unlike Rep. Rangel, Waters has set up a legal defense fund and hired a high-profile attorney.

"The decisions about who to fund [with TARP] were made by the FDIC and by the Treasury Department," she said on "Good Morning America." "Nobody did anything that interfered with their decision making. OneUnited was vetted properly. They met the criteria."

"We did not receive -- My husband did not receive any benefit from any of this," she said.

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