Maxine Waters & Banking

Beldar · 03-12-2009, 10:16 AM

From the WSJ:

Waters Helped Bank Whose Stock She Once Owned - WSJ.com

StitchInTime · 03-12-2009, 03:47 PM

East Side, West Side all around the town (of D.C.)...:

Quote:

Political Interference Seen in Bank Bailout Decisions
Barney Frank Goes to Bat for Lender, and It Gets an Infusion

Troubled OneUnited Bank in Boston didn't look much like a candidate for aid from the Treasury Department's bank bailout fund last fall.

The Treasury had said it would give money only to healthy banks, to jump-start lending. But OneUnited had seen most of its capital evaporate. Moreover, it was under attack from its regulators for allegations of poor lending practices and executive-pay abuses, including owning a Porsche for its executives' use.

Nonetheless, in December OneUnited got a $12 million injection from the Treasury's Troubled Asset Relief Program, or TARP. One apparent factor: the intercession of Rep. Barney Frank, the powerful head of the House Financial Services Committee...

collegemom16 · 03-13-2009, 12:57 AM

"There is no distinctly American criminal class except Congress". (Mark Twain)

Columbia_Student · 03-13-2009, 06:30 PM

http://www.nytimes.com/2009/03/13/us.../13waters.html

Quote:

Top federal regulators say they were taken aback when they learned that a California congresswoman who helped set up a meeting with bankers last year had family financial ties to a bank whose chief executive asked them for up to $50 million in special bailout funds.
Representative Maxine Waters, Democrat of California, requested the September meeting on behalf of executives at OneUnited, one of the nation’s largest black-owned banks. Ms. Waters’s husband, Sidney Williams, had served on the bank’s board until early last year and has owned at least $250,000 of its stock.

bulletandpima · 03-13-2009, 06:33 PM

I saw this on drudge and didn't even hit the link. Why? Because it is nothing less than I expect

Columbia_Student · 03-13-2009, 06:33 PM

Maxine Waters Caught Lying About Fannie Mae Ties on 'Real Time' | NewsBusters.org

Quote:

Maxine Waters Caught Lying About Fannie Mae Ties on 'Real Time'
By Noel Sheppard (Bio | Archive)
October 11, 2008 - 12:23 ET

Maxine Waters, a key Democrat congresswoman that has been implicated in blocking government oversight that could have prevented the current financial crisis, was caught lying Friday evening about her connection to failed lenders Fannie Mae and Freddie Mac.

During the panel discussion of HBO's "Real Time," Waters was challenged by the Wall Street Journal's Stephen Moore about the campaign contributions she's received from these government sponsored enterprises.

Despite what public records clearly show, Waters denied she had ever taken any money from these two companies