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March 13, 2009



Maxine Waters: Banking on Hypocrisy

... Blustering about underwriting fees (banks) paid themselves on government-backed bond sales, (Maxine) yelled, "You made money off the TARP money!" One of her fellow Democrats finally ended the diatribe: "I'm going to have to calm you down because when the chairman gets back he's going to have to penalize me."

Fast-forward a month later. The Wall Street Journal reported Thursday that the high-and-mighty Waters had a personal and financial stake in Boston-based OneUnited, a minority bank that received $12 million in TARP money under smelly circumstances. The banks' executives donated $12,500 to her congressional campaigns. Her husband, Sidney Williams, was an investor in one of the banks that merged into OneUnited. They've profited handsomely from their relationship with the bank:

"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...

by Michelle Malkin


Hi Flower,

I absolutely agree that there's something fishy about Congresswoman Waters.

I keep telling you: the corruption isn't about Rs v. Ds. It's rampant and not limited by party labels.

What are your thoughts on Citigroup, which is the actual topic of my post?

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I keep telling you: the corruption isn't about Rs v. Ds. It's rampant and not limited by party labels.

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