MAXINE WATERS UPDATE: OneUnited received more preferential treatment than first disclosed. “Maxine Waters and the Democrats may have thought that all of the bad news from her intervention with OneUnited bank had already been aired, but the Washington Post reports that the House Ethics Committee only scratched the surface. Far from a single intervention by Waters, the record shows an unprecedented effort conducted by Congress, Treasury, and its regulators to rescue the bank in which Waters’ husband had invested a significant amount of money. In 707 applications of TARP money, OneUnited got the most special attention.”
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