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View Diary: New Allegations: James O'Keefe/Breitbart Targeted Maxine Waters in Wiretap Plot (26 comments)

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  •  The story of Waters (0+ / 0-)

    Keefe is a tool, but the comments on Waters are not accurate.

    Maxine Waters was not the key player in developing the terms of TARP.
    1. Actually, Waters as a senior member of the House Financial Services committee played a key role in getting support for TARP, including specifically the support of members of the Congressional Black Caucus. Part of her pitch was the inclusion of language that specifically would benefit certain minority-owned banks, including the one in which her husband owned shares, that had been adversely affected by the failure of Fannie Mae and Freddie Mac.
    So, her husband works at a bank, which among dozens of other banks benefited from TARP, and she was one of hundreds of representatives to vote for TARP.
    2. Waters husband was not merely someone who just "works at a bank." Her husband, Sidney Williams, was a director and shareholder of OneUnited.

    3. The value of the stock held by her husband represented between 5% and 15% of their family net worth.

    4. The House ethics committee charged Waters with three violations of House rules in connection with this series of events. Waters has denied any wrongdoing.

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