Once again, we have a Democrat caught with their hand in the cookie jar - this time it is Congresswoman Maxine Waters of California. Ms. Waters intervened with regulators for a bank of which she had a personal tie to according to the Wall Street Journal. Her efforts in getting them a meeting with the Treasury Department for a bank, OneUnited, that her and her husband own $500,000 in stock is a fine example to set, right?
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Highlights from the Wall Street Journal article:
Ms. Waters and her husband have both held financial stakes in [One United]. 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. The financial-services committee on which Ms. Waters sits oversees banking issues, and the lawmaker is a potential future chairman. OneUnited's executives have donated $12,500 to Ms. Waters's election campaigns.
Ms. Waters and her husband, Sidney Williams, were investors in two African-American owned California banks that merged with other lenders in 2002 to form OneUnited. Congressional financial-disclosure forms show Ms. Waters acquired OneUnited stock worth between $250,000 and $500,000 in March 2004, as did Mr. Williams. Mr. Williams joined the board of OneUnited that year.
At a hearing on minority lending in 2007, Ms. Waters criticized regulators for not doing enough to help minority banks stave off mergers with non-minority institutions. The lawmaker said she had contacted the Federal Deposit Insurance Corp. in 2002 over such concerns and "I was told that there was nothing that could be done."
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Imagine if the main stream media gave them the attention it gives Republicans, you wouldn't see another Democrat elected for years.
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