WASHINGTON — Rep. Maxine Waters today sought dismissal of House Ethics Committee allegations that she tried to obtain a federal bailout for a bank where her husband is an investor. Her lawyer said misconduct and partisanship in the committee made a fair ethics proceeding impossible.
Waters’ attorney Stanley Brand cited internal documents showing a close relationship between two former committee lawyers in the case and Republican committee members. Waters is a California Democrat and a senior member of the House Financial Services Committee.
"Based on the facts of the case and the record of committee misconduct, the only remedy that vindicates the principals of the quasi-judicial functions of the committee is immediate dismissal with prejudice. No other remedy exists to cure this misconduct," Brand said.
Waters has repeatedly said she did nothing improper, and had no role in the Obama administration’s decision to bail out Boston-based OneUnited Bank. The congresswoman’s husband, Sidney Williams, owns stock in the bank, and his investment was in danger of becoming worthless during the near-financial collapse of late 2008.
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