Maxine Waters: Swamp Queen

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Confirmed: “Drain the swamp” is Washington-speak for “Let it fester.” While House ethics watchdogs dither, it’s shady business as usual for ethics scandal-plagued Democratic Rep. Maxine Waters.

Last summer, the House Ethics Committee charged the entrenched California congresswoman with three violations related to her wheeling and dealing 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. No trial. No consequences.

Instead, Waters is busy ginning up opposition to GOP budget and entitlement reform, introducing new regulatory crackdowns on the financial industry, and waltzing into political rallies as Aretha Franklin’s “Respect” blares from the loudspeaker. The Swamp Queen has been playing her well-worn race card, stoking class warfare in the “community” and playing populist guardian of the “children, the poor, the disabled and the elderly.”

Mad Maxine may have her “community” duped. But this corporate welfare fixer is just another corruptocrat of a different stripe.

To re-cap: OneUnited Bank received $12 million in federal TARP bailout money after Waters’ office personally intervened and lobbied the Treasury Department in 2008. The minority depository institution was seeking a backdoor government rescue from its reckless decision to squander nearly $52 million of its bank capital on Fannie Mae and Freddie Mac preferred stock. Lavish spending by top bank executive Kevin Cohee, who boasted a company-financed Porsche and a Santa Monica, Calif., beachfront mansion, compounded the bank’s problems.

After the federal bailout of Fannie/Freddie, OneUnited’s stock in the government-sponsored enterprises plunged to a value estimated at less than $5 million. Only through Waters’ intervention was OneUnited able to secure an emergency meeting with the Treasury and its then-Secretary Henry Paulson.

The bailout beggars did so under the guise of representing the “National Bankers Association.” But records obtained by congressional investigators showed that OneUnited’s legal counsel, vice president and president (the latter two are married to each other) spearheaded the meeting and its agenda and drafted the talking points/briefing material for Waters.

OneUnited executives had donated $12,500 to Waters’ congressional campaigns.

Her husband, Sidney Williams, was an investor in one of the banks that merged into OneUnited. His stock holdings were estimated at $350,000. Waters meddled despite warnings from fellow Democratic Rep. Barney Frank to keep her nose out of the case.

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  • rdb3

    Won't someone please relieve us of Maxine Waters?

  • jerry

    Maxine Waters is the most vacuous creature ever to have held a position in government. She is really stupid. One need only to listen to her to realize that she is quite pedestrian.
    But she's black and those dopes in her district keep voting her in as she makes herself and her husband millionairs.

  • Amused

    Term Limits / Flat Tax – those two things will solve about 70% of the problems we face . It will rid us of tax Cheats like Rangel , crooks like Waters ,since there would be no re-election , and just to keep things balanced , does anyone remember the banking Loan scandal and KEATING ? Who was it that tried to have it all squashed ? Yup McCain .
    We are a nation of about 330 million , whose laws are made by approx. 550 people . Yet the highest crime rate demographic in the country ,is amongst those 550 people . Is it the 330 million who tend to turn their heads the other way when these thieves and conivers get caught ? Or is it those of this highest crime demographic , who merely issue a censure , or a slap on the wrist ?

  • dirtybird

    Maxine is proof that race trumps intelligence and experience for voters in the hood.

  • LDH
  • Supreme_Galooty

    The stupidest person in Congress USED to be Joseph Robinette Biden, but he passed the honor off to Sheila Jackson Lee of Texas who still holds that dubious rank. If this country weren't in such serious trouble, it would be a great deal of fun to sell raffle tickets, and run a sweepstakes on the ten dimmest bulbs in Congress. There could be consolation prizes for the most arrogant of the ten dimmest. There is no doubt, no doubt in Heaven or Hell, that Maxine Waters would be on BOTH lists.

  • tramky

    Unfortunately Waters is ensconced in an ignorant district in southern California whose voters will tolerate anything from anyone whose skin color is a certain tone.

    When you consider that California Democrats are responsible for delivering Maxine Waters, Barbara Lee, Nancy Pelosi & Barbara Boxer to the nation, it's almost enough to create a civil war–the rest of the country against California. And enough to justify repealing affirmative action for women!

  • Steve Chavez

    Maxine Waters is the head of the Out of Iraq Caucus. Please Google: "CPUSA 'On Capitol Hill" which is an article from the Communist Party USA which reveals that Waters was meeting with CPUSA peace groups to organize a strategy on Iraq! The main peace group today is the United for Peace and Justice led by Leslie Cagan and Judith LeBlanc, both high-ranking members of the Communist Party. One look at and you will NOT find any reference to the Communist Party so its members are kept in the dark of who the real leaders are. This tactic has been used for decades. "What you don't know won't hurt you!" If you question a peace protester with these facts, they'll deny they are in a Communist front group but they don't really know since they are following the word "Peace." United, along with member group Code Pink, have been at the forefront of SPITTING ON OUR TROOPS including by handing out $600,000 to residents in Fallujah, Iraq which later was attacked by our troops due to the rampant terrorist activity. WAS ANY OF THE MONEY GIVEN BY UNITED AND CODE PINK USED TO BUY THE BULLETS AND IED'S THAT KILLED OUR SOLDIERS? YOU BET! TREASON? Also, CPUSA declared official "Solidarity with the Iraq Communist Party" (ICP). The ICP and the CPUSA both call the U.S. "the occupiers and invaders." OKAY, IS THE ICP AIDING IN THE INSURGENCY directly or indirectly? YOU BET THEY ARE! That means CPUSA is aiding in the killing of their own fellow Americans! TREASON?

    You'd be surprised at how many Democrat members of Congress are guest speakers at CPUSA conventions!!! Maxine is one of them. Bernie Sanders in number one!

  • USAdecline

    MSM is responsible for the entrenchment of thugs like Maxine. If a Bill Cosby ran for election against this criminal he would lose in a landslide. Lack of ebonics, too much class, too much eloquence and education and too much truth about the urban black community's shortcomings. It took a long time to reach these depths since the 60s and I wouldn't bet that this minority will ever right itself in the future.

  • rdb3

    Yeah, I know. Rhetorical question but still…

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