Waters Defends Work with Banks
March 13, 2009
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.
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(Richard Simon and E. Scott Reckard, “Rep. Maxine Waters Defends Work with Banks,” Los Angeles Times, 3/13/09)