July 27, 2016

Maxine Waters: Congressional Corruption All-Star

Congresswoman Maxine Waters (D-CA) has long had a troubled relationship with the rules. During the financial crisis, Waters used her high-ranking position on the House Financial Services Committee to help a bank she had a financial interest in. Waters admitted that she made calls to the Treasury Department on “OneUnited’s behalf”:

“In January, Ms. Waters acknowledged she made a call to the Treasury on OneUnited’s behalf. The bank’s capital, which was heavily invested in shares of Fannie Mae and Freddie Mac, was all but wiped out with the federal takeover of the two mortgage giants, and the bank was seeking help from regulators. OneUnited eventually secured bailout funds under the government’s $700 billion Troubled Asset Relief Program, which was set up later that month.”

The House Ethics Committee investigated Waters and her office, and eventually reprimanded her chief of staff, who happens to be her grandson. Waters’ corrupt acts, throughout her time in Congress, have led her to be named one of CREW’s most corrupt members in 2005, 2006, and 2009. Waters is one of the few members of Congress with a record of unethical dealings that can compare with Hillary Clinton’s.