Ethics Panel Files Formal Case Against Democrat Rep. Maxine Waters

LATimes.com:

In accusing Rep. Maxine Waters (D- Los Angeles) of violating House ethics rules, congressional investigators have focused on a meeting she arranged with Treasury officials that they say centered on the fortunes of a single bank — one with ties to her husband.

Three months after Waters called Treasury Secretary Henry Paulson to set up the meeting during the financial crisis, OneUnited Bank received $12 million in bailout funds.

Waters' husband, Sidney Williams, served on the bank board from 2004 to 2008 and at the time of the Sept. 9, 2008, meeting was a stockholder in the bank, according to a report from the Office of Congressional Ethics made public Monday.