New York Times:
WASHINGTON -- Top federal regulators say they were taken aback when they learned that a California congresswoman who helped set up a meeting with bankers last year had family financial ties to a bank whose chief executive asked them for up to $50 million in special bailout funds.
Representative Maxine Waters, Democrat of California, requested the September meeting on behalf of executives at OneUnited, one of the nation's largest black-owned banks. Ms. Waters's husband, Sidney Williams, had served on the bank's board until early last year and has owned at least $250,000 of its stock. - Snip -
Representative Maxine Waters, Democrat of California, requested the September meeting on behalf of executives at OneUnited, one of the nation's largest black-owned banks. Ms. Waters's husband, Sidney Williams, had served on the bank's board until early last year and has owned at least $250,000 of its stock. - Snip -
But Ms. Waters intervened again, in early December, calling Treasury to request a second meeting to ensure that minority-owned banks shared in the $700 billion bailout, according to Michael A. Grant, president of the National Bankers Association. At that meeting, an official from OneUnited was also present, but the agenda focused on minority banks in general, not any particular institution, participants said. - snip - Two weeks later, OneUnited received its $12 million TARP allocation.
1 comment:
Darn it's hard to believe another appointee of Obama has a dirty track record. Remember Pelosi saying the Party of Corruption how right she was, and they blocked the 5 year E-Verify so they could offer Open borders and amnesty for all the illegals that are draining our economy. How bad is it Calfruit wants to sell Wild Wood weed to supplement their liberal spending. One of many crooks in my Opinion.
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