Fox News reported Friday on a press conference held by Maxine Waters to explain her roll is acquiring bailout money for a bank in which her family held a financial interest.
According to the article Congresswoman Waters stated:
"...she had to intervene with the Treasure Department on behalf of minority-owned bankds seeking federal bailout funds -- including one tied to her husband -- because the Treasure Department wouldn't schedule its own appointments."
Congresswoman Waters further stated:
"...she reached out to then-Treasury Secretary Hank Paulson in late 2008 when his department failed to respond to the National Bank Association's request for a meeting."
That is very interesting since when the meeting was actually held, the only bank (out of an organization representing more than 100 minority banks) that showed up was OneUnited, the bank in which she had a personal interest.
Congresswoman Walters says that she has not violated House rules and that she will not cut a deal (but obviously, if she actually did anything wrong, it was George Bush's fault!). It is going to be an interesting autumn.
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