Ethics Trouble For Waters and RichardsonPublished by Pamela Gentry on Friday, October 30, 2009 at 12:06 am.
By Pamela Gentry, Senior Political Analyst
Oct. 29, 2009 – Reps. Maxine Waters and Laura Richardson could be in hot water, The House Ethics Committee voted unanimously Thursday to look into ethics violations by the two African-American Southern California congresswomen.
The committee released a statement saying it was looking into whether Richardson had failed to report real estate liabilities and income on her financial disclosure forms. They also have plans to investigate if she received a “gift or preferential treatment” from Washington Mutual; the same bank that sold her home at auction following foreclosure action, but later returned the house to congresswoman.
According to The Associated Press a four-member committee will investigate Waters’ activities surrounding the National Bankers Association and OneUnited Bank. Water’s husband, Sidney Williams, owned stock in the bank and served on the board of directors until early in 2008.
The Massachusetts-based OneUnited Bank dealing with Waters is under scrutiny because the bank received $12 million in bailout funds three months after a meeting was arranged by Waters with members of the banking committee , other minority-owned financial institutions and U.S. Treasury Department representatives.