In the wake of the Charles Rangel Ethics Committee decision that could very well lead to his resignation from the House, another powerful Democratic House member, Maxine Waters, is expected to hear an Ethics subcommittee decision by this weekend, according to a report published in Politico.
The question for Waters is whether she behaved improperly when she intervened with federal banking administrators on behalf of OneUnited Bank. Her husband served on the board of directors and her family also owned stock in OneUnited, the first Black-owned internet bank. She coincidentally also received major campaign contributions from bank executives.
The charges against Waters are not considered as severe as those against Rangel, and the punishment is expected to be less severe. However, there is little chance apparently that the committee will consider dropping the charges against Waters. Among possible sanctions possible are reprimand, censure, expulsion, or it could merely admonish her not to repeat her behavior. Waters defense is that, under the Bush presidency, when the actions were alleged to have occurred.
Waters, an outspoken member of the Congressional Black Caucus, has served in the House for 20 years. In 2005, 2006, and 2009, Citizens for Responsibility and Ethics in Washington named her one of the 15 most corrupt members of Congress. In 2004, the LA Times reported that members of her family had garnered a great deal of money by investing in firms that Waters had helped legislatively.