We Get The Money, You Keep The Change Presents: Maxine Waters, The Poor Black People Advocate

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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