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Caught Our Eye

Rep. Waters in hot water over company ties

Posted by LegiStorm on March 12, 2009

Rep. Maxine Waters (D-Calif.)'s personal financial disclosures show she has owned stock in OneUnited Bank and her husband has been a director there, but that hasn't stopped her from using her official position to go to bat for the company in several instances.

The Wall Street Journal broke the story about her actions and her self-reported stake in the company exceeding $250,000.

If the House ethics committee decides to investigate the matter, Waters could find herself trying to explain why she didn't recuse herself from the matter.