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 is crucial...

As we navigate an uncertain 2025, with a new administration questioning press freedoms, the risks are clear: our ability to report freely is under threat.

Your tax-deductible donation enables us to dig deeper, delivering fearless investigative reporting and analysis that exposes the reality beneath the headlines — without compromise.

Now is the time to take action. Stand with our courageous journalists. Donate today to protect a free press, uphold democracy and uncover the stories that need to be told.

SUPPORT TRUTHDIG
In this Article:
#bailout#charles rangel#congress#corruption#democrats#ethics#house of representatives#maxine waters#money#politics