California Rep. Maxine Waters has been formally charged by the House Ethics Committee with three ethics violations:
The 10-page “Statement of Alleged Violation” focuses on the actions of Waters and Mikael Moore, who is the congresswoman’s chief of staff and her grandson, and tracks very closely with the year-old findings of the independent Office of Congressional Ethics.
Waters is accused of improperly intervening on behalf of OneUnited, a minority-owned bank in which her husband held stock worth roughly $350,000. The federal government’s Sept. 7, 2008, takeover of mortgage-lending giants Fannie Mae and Freddie Mac threatened to sink the bank, which was heavily invested in the twin titans of the secondary home-mortgage market.
Waters is accused of improperly intervening on behalf of OneUnited, a minority-owned bank in which her husband held stock worth roughly $350,000. The federal government’s Sept. 7, 2008, takeover of mortgage-lending giants Fannie Mae and Freddie Mac threatened to sink the bank, which was heavily invested in the twin titans of the secondary home-mortgage market.
Waters is framing the work on behalf of OneUnited as a continuation of her career working for minority-owned businesses, setting up a racially charged defense for the special favor.
Unnamed lawmakers are obliging her by complaining about a “dual standard” for black lawmakers, but CREW rejects the charge:
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