Ethics Challenged Maxine Waters Now Top Democrat on Banking Committee

Ethics Challenged Maxine Waters Now Top Democrat on Banking Committee

Democratic Rep. Maxine Waters has been placed into the position of Ranking Member on the House Financial Services Committee. This is the same committeee that deals with banking matters and more specifically, banking regulation. The problem? Waters was only cleared (which doesn't mean innocent in Washington) of ethics charges in September over allegations she abused bank bailout funds to benefit a bank run by her husband in California. A refresher:

Last summer [2010], the House Ethics Committee charged the entrenched California congresswoman with three violations related to her wheeling and dealing on behalf of minority-owned OneUnited...