Re: Dumb & Dumber

Waters' husband is a stockholder and former director of OneUnited Bank
and the bank's executives were major contributors to her campaigns. In
September 2008, Waters arranged meetings between U.S. Treasury
Department officials and OneUnited Bank, so that the bank could plead
for federal cash. It had been heavily invested in Freddie Mac and
Fannie Mae, and its capital was "all but wiped out" after the U.S.
government took them over. The bank received $12 million in Troubled
Asset Relief Program (TARP) money.[46][47]

Waters was charged by the House's subcommittee on ethics with
violations of the House's ethics rules in 2010.[1][2][3][4] An ethics
trial she was expected to face in the fall of 2010[4] was successfully
impeded by House Democrats, most notably Rep. Zoe Lofgren, chair of
the House Ethics Committee.[5]

On Nov 30, 10:25 am, Keith In Tampa <keithinta...@gmail.com> wrote:
> *"If you thought Rep. Barney Frank was bad, his likely replacement is
> worse. Rep. Maxine Waters is Congress' most anti-bank member -- unless she
> owns stock in one, that is. ... When in 2003, the publicly created mortgage
> giants [Fannie Mae and Freddie Mac] became dangerously overleveraged with
> weak mortgages, Waters pushed them to underwrite even 'more products where
> you have no down payments.' She accused critics of the quotas of
> discriminating against minorities and the poor. ... She lobbied to exclude
> them and their government-mandated affordable housing charter from the
> 'sweeping financial reforms.' And she got her wish. She also got another
> wish: a provision exempting minority-owned banks from the new oversight.
> Quite interesting. Because at the same time she got that little gem added
> to the bill, she was under investigation for steering federal bailout money
> to a troubled minority-owned bank in which she and her husband held a large
> financial stake."* --Investor's Business Daily
>
>  Frank.BatShitCrazy.1.jpg
> 51KViewDownload
>
>  Waters.BatShitCrazy.jpg
> 62KViewDownload

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