March 12th 2009
Maxi-Lib Waters Scamming The Bailout
R
eaders of the WSJ and even the NYTimes have known for a while now that Maxine the Maxi-Lib Waters has been scamming the bailout, setting up a meeting between federal regulators and a bank seeking of her acquaintance that was $50 million in bailout funds. (Yeah, yeah – that seems like chicken-scratch, but it’s real money.)
So now, just a tad late, the LA Times has decided it ought to tell its readers about the latest round of nefarious actions by one of LA’s long-term Dem electeds.
Of course, they did it in a blog, not even in the online edition, and they didn’t really report the story; they just quoted the NYT:
Representative Maxine Waters, Democrat of California [that would be LA], requested the September meeting on behalf of executives at OneUnited, one of the nation’s largest black-owned banks. Ms. [Waters'] husband, Sidney Williams, had served on the bank’s board of directors until early last year and has owned at least $250,000 in stock in the institution. Treasury officials said the session with nearly a dozen senior banking regulators had been intended to allow minority-owned banks and their trade association to discuss the losses they had incurred from the federal takeover of Fannie Mae and Freddie Mac. But Kevin Cohee, OneUnited’s chief executive, instead seized the opportunity to plead for special assistance for his bank, federal officials said.
Heaven forbid that Waters’ home town paper should let on to her constituents what she’s up to.
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