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Waters Helped Bank Whose Stock She Owned California Democrat Has Championed Minority-Owned One United on Capitol Hill and Criticized Its Government Regulators By SUSAN SCHMIDT WASHINGTON -- When Rep. Barney Frank was looking to aid a Boston-based lender last fall, the Massachusetts Democrat urged Maxine Waters, a colleague on the House Financial Services Committee, to "stay out of it," he says. The reason: Ms. Waters, a longtime congresswoman from California, had close ties to the minority-owned institution, OneUnited Bank. Read on

The possible conflict involving OneUnited Bank is just the latest example of her seeming inability to distinguish her family interests from her public obligations. Dating back to her days in the Assembly ... she also has shown a disturbing inability to adequately distinguish her family's interests from those of the public. Ostensibly, the bankers wanted to talk because their institutions had been hard hit by the implosion of Freddie Mac and Fannie Mae. According to the New York Times, though, Kevin Cohee -- chief executive of OneUnited Bank -- took the opportunity to plead for a $50-million bailout of his...

WASHINGTON — Representative Maxine Waters lashed out on Friday at critics who questioned her actions last year in setting up a Treasury Department meeting involving executives from a black-owned bank with financial ties to her family. “I have been an outspoken advocate for minority communities and businesses in California and nationally for decades,” Ms. Waters, a Democrat from Los Angeles, said in a statement. Ms. Waters called Treasury Secretary Henry M. Paulson Jr. in September and asked him to conduct a meeting between leaders of minority-owned banks and federal regulators to discuss losses that some banks experienced after the federal...

(snip) This week, the Wall Street Journal and the New York Times reported that Waters used her access as a senior member of the latter committee to arrange two meetings between officials of the Treasury Department and a group of banks owned by African Americans Ostensibly, the bankers wanted to talk because their institutions had been hard hit by the implosion of Freddie Mac and Fannie Mae. According to the New York Times, though, Kevin Cohee -- chief executive of OneUnited Bank -- took the opportunity to plead for a $50-million bailout of his institution. "Here you had a tiny...

AT a flail-and-wail House hearing last month, California Democratic Rep. Maxine Waters melted down in front of big banking CEOs. "Raise your hand! Raise your hand!" she shrieked as she harangued the executives on their business practices and management of federal bailout money. Sneering at the "captains of the universe," whom she refused to address by name ("You, Bank of America!"), Waters excoriated the corporate heads for their greed. "All of my political life," she bragged, "I have been in disagreement with the banking and mostly financial-services community because of practices that I have believed to be not in the...

My syndicated column today takes on racial demagogue and crony of color Maxine Waters, whose crooked ways I’ve covered since my first days at the L.A. Daily News. It’s about time the rest of the media put her under the microscope. Wait ’til she starts beating them over the head with the race card. It’s worked for decades. Now, she’ll just have to scream louder. I am looking forward to watching the Democrats try to ignore this most beastly example of the culture of corruption in their fold. (Reminder: Go back and look at my liveblogging of the TARP debate....

Rep. Maxine Waters defends work with banksThe Los Angeles congresswoman denies having influence over Bush administration officials in the Treasury Department and the issuing of bailout funds to OneUnited Bank. By Richard Simon and E. Scott Reckard 11:11 AM PDT, March 13, 2009 Reporting from Los Angeles and Washington -- Rep. Maxine Waters (D-Los Angeles) today defended her efforts to help minority-owned banks -- including one with ties to her husband - survive the financial crisis, and scoffed at the notion that she could sway the Bush administration's actions. "Although both my supporters and detractors often refer to me as...

Rep. Maxine Waters, one of Los Angeles’ most enduring liberal politicians, has come under scrutiny because of bailout funds that went to a bank in which her husband had owned stock and served on the bank board. Waters was a senior member of the congressional committee dealing with the financial crisis at the time that OneUnited Bank, one of the nation’s largest minority-owned institutions, received $12 million in bailout funds. Her husband, Sidney Williams, served on the bank board until early last year and held at least $500,000 in investments in the bank in 2007, the most recent year for...

Rep. Maxine Waters, one of Los Angeles' most enduring liberal politicians, has come under scrutiny because of bailout funds that went to a bank in which her husband had owned stock and served on the board. Waters was a senior member of the congressional committee dealing with the financial crisis when OneUnited Bank -- one of the nation's largest minority-owned institutions -- received $12 million in bailout funds. Her husband, Sidney Williams, served on the bank board until early last year and held at least $500,000 in investments in the bank in 2007, the most recent year for which public...

Rep. Maxine Waters, D-Calif., helped steered millions of dollars in bailout funds to a bank on whose board her husband served, the New York Times reported Thursday. The bank also didn't appear to meet the requirements for receiving the money, the newspaper reported.

Congresswoman With Ties to Bank Helped Seek Funds By ERIC LIPTON and JIM RUTENBERG WASHINGTON — Top banking regulators were taken aback late last year when a California congresswoman helped set up a meeting in which the chief executive of a bank with financial ties to her family asked them for up to $50 million in special bailout funds, Treasury officials said. 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 of directors until early...

California Democrat Has Championed Minority-Owned OneUnited on Capitol Hill and Criticized Its Government RegulatorsWhen Rep. Barney Frank was looking to aid a Boston-based lender last fall, the Massachusetts Democrat urged Maxine Waters, a colleague on the House Financial Services Committee, to "stay out of it," he says. The reason: Ms. Waters, a longtime congresswoman from California, had close ties to the minority-owned institution, OneUnited Bank. Ms. Waters and her husband have both held financial stakes in the bank. Until recently, her husband was a director. At the same time, Ms. Waters has publicly boosted OneUnited's executives and criticized its government...

Speaker of the House Nancy Pelosi (D-Calif.) told CNSNews.com on Thursday that she supports an amendment to a Senate bill that would force the Federal Communications Commission (FCC) to “take actions to encourage and promote diversity in communication media ownership and to ensure that broadcast station licenses are used in the public interest.” The amendment’s language is viewed by many media experts as a means to regulate conservative talk radio, particularly popular programs such as the Rush Limbaugh Show and the Mark Hannity Show, among many others. House Conference Chairman Mike Pence (R-Ind.), a former radio broadcaster and one of...

President Obama on Saturday struck back aggressively at critics of his $3.6 trillion budget proposal, casting himself as a populist crusader whose "sweeping change" has angered Washington's entrenched special interests, and promised to fight them. "I realize that passing this budget won't be easy. Because it represents real and dramatic change, it also represents a threat to the status quo in Washington," Mr. Obama said in his weekly video and radio address. Mr. Obama's language was combative and confrontational, as he promised to fight for "American families." "I know these steps won't sit well with the special interests and lobbyists...

President Barack Obama's first budget includes $15 billion a year for renewable energy programs and an ambitious plan to raise $646 billion from a carbon reduction proposal. "Because our future depends on our ability to break free from oil that's controlled by foreign dictators, we need to make clean, renewable energy the profitable kind of energy," Mr. Obama said Thursday morning. "That's why we'll be working with Congress on legislation that places a market-based cap on carbon pollution and drives the production of more renewable energy." The plan uses money from a cap-and-trade program — which would allow companies to...

Must see video from 2004: 'Democrats Defend Fannie/Freddie from Regulation'. Watch it 'til the end. You will not believe it. "We've been through nearly a dozen hearings where frankly we were trying to fix something that wasn't broke. Mr. Chairman we do not have a crisis at Freddie Mac and in particular at Fannie Mae under the outstanding leadership of Mr. Frank Raines."-Rep. Maxine Waters, 2004http://www.youtube.com/watch?v=_MGT_cSi7Rs

President Obama will pledge Tuesday night that the nation "will rebuild, we will recover," as he delivers an address to a joint session of Congress and with a nervous nation watching at home. "While our economy may be weakened and our confidence shaken; though we are living through difficult and uncertain times, tonight I want every American to know this: We will rebuild, we will recover, and the United States of America will emerge stronger than before," Mr. Obama will say, according to excerpts of his remarks. In lofty language, Mr. Obama is expected to promise a new path forward...

From television specials to newspaper editorials, the media are pushing the idea that current economic problems were caused by the market and that only the government can rescue us. What was lacking in the housing market, they say, was government regulation of the market's "greed." That makes great moral melodrama, but it turns the facts upside down. It was precisely government intervention that turned a thriving industry into a basket case. An economist specializing in financial markets gave a glimpse of the history of housing markets when he said: "Lending money to American homebuyers had been one of the least...

Our elected representatives sold the "American Recovery and Reinvestment Act of 2009" as a stimulant for the economy, but it is, in fact, Viagra for the leviathan state. The legislation effectively repeals welfare reform, the single most successful domestic policy of the '90s. Not only are we nationalizing the banks, but the legislators overseeing the banking industry regulate about as well as I play the left-handed harpsichord. Christopher Dodd, chairman of the Senate Banking Committee, got a sweetheart mortgage from Countrywide and carried water for Fannie Mae like Gunga Din. He should be testifying before his own committee in an...

Fellow Freepers, you just missed a great show. Democrat Maxine Waters just had a psychotic break during the House grilling of top bank CEOs regarding what happened to the $ 350B they got but somehow never made it to customers. Maxine -- never the calmest of souls -- got on an incomprehensible tear and, her voice rising and becoming a low-level screech, began accusing the CEOs assembled of piracy, lying, and gross abuse of bank customers. She lit into a litany of every Leftist Lunatic grudge against capitalism in general and banks in particular. Wild-eyed and shaking, she stopped actually...

Next time when your liberal friend / relative* starts whining about how Bush economic policies caused the financial meltdown and how Obama will save America with his GigaPork stimulomarxist package, hit him back hard with this video. Read on

I'LL BE HOME FOR CHRISTMAS FROSTY THE SNOWMAN LET IT SNOW I SAW MAXINE KISSING FRANKLIN RAINES (I Saw Mommy Kissing Santa Claus)

The Obama campaign is accusing Republicans of trying to disenfranchise black voters in Detroit and other cities by using home foreclosure lists to turn them away from polls on Election Day. The charges were initially raised by Democrat Rep. Maxine Waters of the Congressional Black Caucus, prompting Obama and the Democratic National Committee to sue the Michigan GOP. The federal suit, which campaign lawyers acknowledge is based solely on unconfirmed reports and rumors, also alleges that Ohio Republicans and the Republican National Committee also have schemed to challenge voters who have lost their homes in the battleground state. Republican officials...

Complete video showing the political correctness that brought down this country. To this very day, if we dared expose and complain we are called racist. NO MORE these people need stopped! Click Here

Watch Maxine Waters on Video VIDEO:Fox News Reports Vdeo footage of Maxine Waters at ACORN Rally VIDEO: More: Maxine Waters At ACORN Rally

Why are Democrats trying to cover up their sweetheart relationships with Fannie Mae and Freddie Mac? And why does the media allow it? This past week I appeared on Bill Maher's HBO show Real Time with Representative Maxine Waters of California. Ms. Waters fibbed on the air about her connections to Fannie Mae and Freddie Mac. It all began when Mr. Maher tried to the lay blame for the credit meltdown on inadequate regulation of Wall Street. I pointed out that among the biggest failures this year were Fannie Mae and Freddie Mac and that Democrats had protected them against...

Maxine Waters, a key Democrat congresswoman that has been implicated in blocking government oversight that could have prevented the current financial crisis, was caught lying Friday evening about her connection to failed lenders Fannie Mae and Freddie Mac. During the panel discussion of HBO's "Real Time," Waters was challenged by the Wall Street Journal's Stephen Moore about the campaign contributions she's received from these government sponsored enterprises. Despite what public records clearly show, Waters denied she had ever taken any money from these two companies

2004 Video: Democrats Defend Fannie/Freddie from Regulation: "We've been through nearly a dozen hearings where frankly we were trying to fix something that wasn't broke. Mr. Chairman we do not have a crisis at Freddie Mac and in particular at Fannie Mae under the outstanding leadership of Mr. Frank Raines."-Rep. Maxine Waters, 2004http://www.youtube.com/watch?v=YL36nwCSYUM

By Ted Hayes Hello, everybody. The iron is hot, and we must strike now. We are at the optimum time to deal the Democratic Party a devastating, if not lethal, political blow, thanks to the ever growing real possibility that the “Ted Hayes brand� can defeat what U.S. Rep. Maxine Waters has presented to America for the last 14 years. First, the Honorable Congresswoman steps up as the “would-be� queen of socialism when she inadvertently exposed the Democratic agenda to have government take over the free market place by socializing the oil industries. Now she has positioned herself as the...

Ted Hayes To CongressOctober Surprise Ted can win with your help. In the LA County Supervisor District 2 race between City Councilman Bernard Parks and Mark Ridley Thomas, 5 million dollars was spent on voter turn out; creating a record voter turn out far above the county average.  Both Parks and Thomas are Democrats and targeted the democrat base.  The out come was 127,000 plus votes cast. Of the 127,000 votes cast, the majority within the 35th District only 9% voted for Waters, (33,000). Waters was unopposed on ballot yet failed to get democrats to vote for her while voting for Parks...

....you thought the trillion- dollar-plus "financial-rescue plan" signed into law Friday had been stripped of the radical group ACORN.....: The Chicago-based Association of Community Organizations for Reform Now's fingerprints are all over the law. ACORN's "fixing" a crisis it helped create is flabbergasting......the left-wing activist pressured lenders to give loans to lower-income borrowers who couldn't otherwise afford homes.....grateful homeowners then become political recruits, serving as foot soldiers for ACORN's radical agenda. Problem is, such mortgages are now going bad all across America. ACORN's answer: Pressuring banks not to foreclose....and with the "rescue" bill, they're getting ready to simply rewrite mortgages...

Democrats Defend Fannie/Freddie from Regulation - 2004 Video Rep. Maxine Waters, 2004: "We’ve been through nearly a dozen hearings where frankly we were trying to fix something that wasn’t broke. Mr. Chairman we do not have a crisis at Freddie Mac and in particular at Fannie Mae under the outstanding leadership of Mr. Frank Raines."http://www.youtube.com/watch?v=YL36nwCSYUM

I just want to be serious for a second, friends. This is a DEVASTATING video. It is absolutely unacceptable that this video is not being played on every news station and at every Democrat interview around the country over and over again. More Democrats denying there was an impending crisis at Fannie Mae and Freddie Mac - this time, outright denied by Maxine Waters (D), the moron who threatened to socialize...er, nationalize the oil industry. And Barney Frank (D). And more. So much more. Watch the whole thing, and send it to everyone you know. Link to it everywhere. Do...

On Rush now. Rush said he is going to play in full, the youtube video where the Democrats are trying to squelch the oversight investigation into Fannie Mae and Freddie Mac.

Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis

Here is just one of the many Democrats comments MAXINE WATERS "We have had a dozen hearings trying to fix something that wasn't broke. Mr. Chairman we do no have a crises at Freddie Mac and Fanny Mae."

A top Democrat on the House Financial Services Committee had strong words Tuesday for the banking industry and the U.S. Department of Housing and Urban Development as she reiterated the strong position her party intends to place on housing issues this year. Rep. Maxine Waters, D-Calif., incoming chairwoman of the Housing and Community Opportunity Subcommittee, said affordability and fairness issues are two of her major concerns. She said federal regulators and the lending industry should be prepared to discuss these issues and possible solutions during hearings.

I’m a hustler baby, I’m a hustlerI just want you to know, wanna let you knowIt ain’t where I been, it ain’t where I beenBut where I’m ’bout to go, top of the world!—Jay Z The race hustlers can almost taste it now—Obama at the top of the world. And now Spike Lee, Maxine Waters, Jeremiah Wright, Jesse Jackson, Al Sharpton, et al. are joined by a new hustler-wannabe—Howard Dean. Yes, the Dean of scream. Yaaaaaaaaaaah! Whether he made a Freudian slip or not last week, Dean reminded me of the pathetic, race-confused “Raji” as played by Vince Vaughn in the...

In the 1950s, the word "socialism" was as vulgar as the four-letter words, which, when uttered by a youngster, could result in a mouthful of soap. Not so today. Perhaps contemporary acceptance of the term is the result of tolerance lessons, or political correctness that permeates progressive thought today. It could be ignorance; schools no longer teach the flaws of socialism. Or, what's even worse, today's acceptance of the term is more likely to be acceptance of the system. When Rep. Maxine Waters, D-Calif., blurted out in a congressional hearing that she was ready to "socialize" the oil industry, it...

Need to prove to liberal family that there are liberals out there in government make statements like this

Reps. Maxine Waters (D-Calif.) and Maurice Hinchey (D-N.Y.) have said in recent weeks that U.S. oil refineries should be "socialized" -- that is, nationalized and run by the federal government. But Waters apparently is now backing away from those comments. In speaking to oil company executives at a May 22 hearing of the House Judiciary Committee, Rep. Waters tried to hold her tongue but nonetheless said: "This liberal will be all about socializing, uh, uh ... would be about basically taking over and the government running all of your companies." At a June 18 press conference, Rep. Hinchey said he...

Reps. Maxine Waters (D-Calif.) and Maurice Hinchey (D-N.Y.) have said in recent weeks that U.S. oil refineries should be "socialized" -- that is, nationalized and run by the federal government. But Waters apparently is now backing away from those comments...

It was astonishing to hear Maxine Waters openly discuss nationalizing the oil industry. She was talking to the heads of America’s oil companies, and she was a little worked up, so it was also possible to say that it was just one person, speaking impulsively in a moment of anger, and easily dismissed. What left most conservatives and libertarians staring in slack jawed wonder was when Maurice Hinchey (D-NY) stood before the press and advocated nationalizing the oil refineries. While most have known about the socialist beliefs of the left, what surprised them was the matter of fact manner in...

Reps. Maxine Waters (D-Calif.) and Maurice Hinchey (D-N.Y.) have said in recent weeks that U.S. oil refineries should be "socialized" -- that is, nationalized and run by the federal government. But Waters apparently is now backing away from those comments. In speaking to oil company executives at a May 22 hearing of the House Judiciary Committee, Rep. Waters tried to hold her tongue but nonetheless said: "This liberal will be all about socializing, uh, uh ... would be about basically taking over and the government running all of your companies." At a June 18 press conference, Rep. Hinchey said he...

Fox news alert that the House Democrats are calling to have all US refineries nationalized!!

"Subcommittee chairwoman Maxine Waters Monday participates in a congressional panel for an up-close look at the foreclosure crisis in Ohio, June 16, 2008, in Cleveland."

Maxine Waters switches to Obama; Kilpatrick endorses Obama Staff Reporter | Posted June 3, 2008 5:59 PM Three black members of Congress have endorsed Barack Obama today, moving with lightning speed to line up with the man who will tonight become the Democratic nominee. Rep. Maxine Waters, a Hillary Clinton supporter, announced today that she is switching her vote to Barack Obama. And Rep. Carolyn Cheeks Kilpatrick of Michigan has also endorsed Obama. The news comes just as Rep. Jim Clyburn of South Carolina, an uncommitted superdelegate and the highest ranking African American in Congress, announced his support for Obama...

LA PAZ, Bolivia - President Evo Morales signed a decree nationalizing all assets of gas pipeline company Transredes on Monday, saying the foreign companies that owned half of it had been too slow in negotiating. Morales' decree gives the government full ownership of Transredes SA, which transports Bolivia's natural gas to clients in Brazil and Argentina. Terms of the nationalization were not announced. The company had been half-owned by Royal Dutch Shell PLC (nyse: RDSA - news - people ) and Ashmore Energy International. Morales said Ashmore executives had initially agreed to sell some of their 25 percent stake in...

Politics: Imagine an America where the government decides what profits are acceptable. Imagine our country with the oil industry nationalized. Impossible? Not with Democrats in control of Washington.One California Democrat, saying out loud what many on her side of the aisle have been thinking for some time, has threatened to seize the oil industry. "This liberal will be all about socializing, uh, uh . . . would be about . . . basically taking over and the government running all of your companies," Rep. Maxine Waters told oil executives on May 22 during yet another show-trial congressional hearing. Socializing, nationalizing...

... Democrat Representative Maxine Waters experienced a Freudian slip and uttered the secret fraternity password that identifies her Party. She spoke the word all members of her party know must be hidden from every rational thinking citizen. While addressing oil executives during a House hearing on May 22, 2008 Waters threatened to nationalize the oil industry if it failed to do something to stop the ever-escalating price of gasoline at the pumps. In a harsh exchange with Shell Oil President John Hofmeister, the California congresswoman demanded that oil companies guarantee consumer prices will fall if drilling is allowed off U.S....