Diary

Influence & Extortion - Maxine Waters (D-CA)

How would you like to be able to put money into an investment, influence the laws that regulate the investment, have the Treasury Secretary on speed dial, and be able to vote to supply the investment with an endless supply of money that isn’t yours?  I bet you would jump at the chance for an investment like that.  Well, just run for the senate or the house.  If you win, you can invest like Maxine Waters (D-CA).

From the Wall Street Journal:

Ms. Waters and her husband have both held financial stakes in the bank. Until recently, her husband was a director. At the same time, Ms. Waters has publicly boosted OneUnited’s executives and criticized its government regulators during congressional hearings. Last fall, she helped secure the bank a meeting with Treasury officials.

Of course, her seat on the the financial-services committee combined with her’s and her husband’s financial interest in the OneUnited Bank, do not create a conflict of interest.  No, there is only a conflict of interest if your name is Bush or Cheney, or generally, if you are not a democrat.  Democrats can never have a conflict of interest.

Such potential conflicts of interest are more serious as the banking system’s crisis has led the government to take an increasingly active role in overseeing financial institutions, including OneUnited. The financial-services committee on which Ms. Waters sits oversees banking issues, and the lawmaker is a potential future chairman.

Representatives of the bank and Ms. Waters didn’t return calls seeking comment. Ms. Waters’s congressional staff didn’t respond to written questions about her and her husband’s relationship with the bank.

Of course they didn’t return calls.  There is nothing to say and nobody to hold them accountable.

God help us!

Crippy’s World