Friday, March 13, 2009

Mrs Sidney Williams (Maxine Waters) and Conflict of Interest

Cross-posted by Gary Fouse

Mrs Sidney Williams aka Maxine Waters (D-CA)

Maxine Waters (D-CA) is one of the most obnoxious of all the people serving in Congress. This is the woman who tried to make a case that the CIA had deliberately helped smuggle drugs into the inner city of Los Angeles in order to poison black people. This is the woman who interceded in a DEA investigation involving a Houston-based rap producer-who just happened to be a childhood friend of Waters' husband, Sidney Williams. According to today's Orange County Register, Waters interceded last year with the US Treasury Department to help a company linked to her husband.

According to the article (p 5), Waters called for a meeting last year between bank regulators and minority bank representatives of OneUnited Bank, in which the representatives asked for 50 million dollars in bailout funds. This is the same Massachusetts bank that Rep Barney Frank has recently lobbied on behalf of.

During the September 2008 meeting, Waters failed to mention that her husband, Mr Williams, had served on the bank's board of directors and has owned "at least $250,000 of stock in it." The article quoted one of the former Treasury officials, Jeb Mason, a former deputy asst secretary of the Treasury Dept.

..."They should have least let us know" (about the relationship),said Mason to the New York Times.

Although OneUnited did not get the $50 million, it did receive $12 million from the Troubled Asset Relief Program (TARP), according to the OC Register article. (That $12million came courtesy of the efforts of-you guessed it-Barney Frank.)

However, I am sure there was no connection with Maxine Waters and her husband. What say you, Mr Frank? What say you, Ms Waters?

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