Rep. Maxine Waters

Rep. Maxine Waters (D-CA)

Congresswoman Maxine Waters, who is a senior member of the Financial services Committee, arranged a meeting between Treasury officials and representatives for OneUnited Bank. According to various media reports, Treasury officials were led to believe by Waters that the discussion was going to be about losses occurred due to the takeover of Fannie and Freddie, but instead they were hit with a request for bailout funds. It was a very profitable meeting for the bank, they got $12 million in TARP money.

Maxine Waters’ husband, Sidney Williams sits on OneUnited’s board and owns between $250,000 and $500,000 in the OneUnited stock. What a coincidence! Very nice…

And what was Mrs. Waters response to the probe into her and OneUnited? The race card, of course! It’s only because she’s black and OneUnited is black owned that it is the target of scandal. It has nothing to do with the fact that it’s a dishonest conflict-of-interest of the highest degree.

See more about her scandal here.

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