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Topic - Oneunited Bank
The House Ethics Committee officially exonerated Rep. Maxine Waters, California Democrat, in a 3-year-old conflict-of-interest case involving her work on behalf of minority-owned banks despite her husband's financial stake in one of them.
In a dispute that some are calling a modern-day updating of the biblical Parable of the Ungrateful Servant, a minority-owned bank that benefited from federal bailout funds is threatening to foreclose on one of the nation’s oldest black churches.
Rep. Maxine Waters on Tuesday sought dismissal of House Ethics Committee allegations that she tried to obtain a federal bailout for a bank where her husband is an investor. Her attorney said misconduct and partisanship in the committee made a fair ethics proceeding impossible.
Information that forced postponement of Rep. Maxine Waters' ethics trial raises new questions about an investigative panel's charges that the California Democrat improperly tried to steer federal bailout money to a minority-owned bank where her husband is a stockholder and former director.
Rep. Maxine Waters on Friday defended herself against accusations of ethics misdeeds when she sought the Treasury Department's help for a bank in which her husband was invested, saying that she did nothing wrong.
The House ethics committee on Monday announced three counts of alleged ethics violations against Rep. Maxine Waters, California Democrat, including a charge that she requested federal help for a bank where her husband owned stock and had served on its board.