Rep. Maxine Waters Refutes Ethics Charges

"I am not about to try to get into what's a benefit or lack of benefit for either party," Waters said when asked about the elections. "I want to deal with the case."

After the press conference, Citizens for Responsibility and Ethics in Washington blasted Waters' conduct. "The fact remains, Rep. Waters abused her office for personal financial gain and she must be held accountable for that," CREW director Melanie Sloan said. "No Powerpoint presentation by her grandson or anyone else can change that reality. It's a shame that Rep. Waters didn't defend the honor of her office with the same vigor she is now defending her reputation."

At that meeting and in follow-up conversations, according to an investigative subcommittee report, "the discussion centered on a single bank -- OneUnited," where Waters' husband was a board member from 2004 to 2008. According to her 2008 financial disclosure forms, Waters' husband owned two investments in OneUnited valued between $500,000 and $1 million.

Shortly after the meeting, the Massachusetts bank received $12 million in taxpayer aid from the $700 billion Wall Street bailout. It has yet to pay it back. Ultimately, the House Ethics panel determined, Waters' conduct could have helped her financially and violated conflicts of interest rules.

-- This embed didnt make it to copy for story id = 11393502. -- This embed didnt make it to copy for story id = 11393502. -- This embed didnt make it to copy for story id = 11393502. -- This embed didnt make it to copy for story id = 11393502. -- This embed didnt make it to copy for story id = 11393502. -- This embed didnt make it to copy for story id = 11393502.
Page
  • 1
  • |
  • 2
Join the Discussion
You are using an outdated version of Internet Explorer. Please click here to upgrade your browser in order to comment.
blog comments powered by Disqus
 
You Might Also Like...
See It, Share It
Lisa Kudrow
Seth Poppel/Yearbook Library | Getty Images
PHOTO: Salvager Eric Schmitt was combing through the wreckage of a convoy of Spanish ships that sank off the coast of Florida in 1715 when he discovered a missing piece from a gold Pyx.
Courtesy 1715 Fleet - Queens Jewels, LLC
PHOTO: Motorists were startled when an axe from a dump truck in front of them flew at their windshield.
Massachusetts State Police/Facebook