While ethics watchdogs dither, it's shady business as usual for scandal-plagued Rep. Maxine Waters. Last summer, the House Ethics Committee charged the California Democrat with three violations related to her dealings on behalf of minority-owned OneUnited Bank in Los Angeles. The panel accused Waters of bringing discredit to the House for using her influence to seek and secure taxpayer-subsidized special favors for the failing financial institution. Eight months have passed since the House ethics panel charged Waters. But to date, there has been no action. Instead, Waters is busy ginning up opposition to GOP budget and entitlement reform, introducing regulatory...