Rep. Maxine Waters, a stalwart progressive voice in the House for nearly 20 years, is defending herself against charges that she improperly intervened to help bail out a bank with ties to her husband. Waters released a statement denying any wrongdoing, saying she was merely working on behalf of minority banks.

The complaint against Waters comes as another veteran Democrat and member of the Congressional Black Caucus, Rep. Charlie Rangel, mounts his own ethics defense.

Waters’ full press release is here.

Los Angeles Times:

In accusing Rep. Maxine Waters (D- Los Angeles) of violating House ethics rules, congressional investigators have focused on a meeting she arranged with Treasury officials that they say centered on the fortunes of a single bank — one with ties to her husband.

Three months after Waters called Treasury Secretary Henry Paulson to set up the meeting during the financial crisis, OneUnited Bank received $12 million in bailout funds.

Read more

Your support matters…

Independent journalism is under threat and overshadowed by heavily funded mainstream media.

You can help level the playing field. Become a member.

Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.

Give today to support our courageous, independent journalists.