Waters Over A Troubled Bank

Come on. We all knew Waters is a D-Bag, this only confirms it. A Democratic in a conflict of interest. I would have never guessed that.

http://online.wsj.com/article/SB123682571772404053.html

MARCH 12, 2009
Waters Helped Bank Whose Stock She Once Owned
California Democrat Has Championed Minority-Owned OneUnited on Capitol Hill and Criticized Its Government Regulators

By SUSAN SCHMIDT
WASHINGTON -- When Rep. Barney Frank was looking to aid a Boston-based lender last fall, the Massachusetts Democrat urged Maxine Waters, a colleague on the House Financial Services Committee, to "stay out of it," he says.

The reason: Ms. Waters, a longtime congresswoman from California, had close ties to the minority-owned institution, OneUnited Bank.

Ms. Waters and her husband have both held financial stakes in the bank. 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.