As a congressional ethics panel prepares to try Maxine Waters for steering federal funds to her husband’s failing bank, a newspaper reports that the veteran California lawmaker is embroiled in a separate corruption scandal involving her beloved hubby.
Citing federal records, the story says that a powerful lobbyist paid Waters’ banker husband (Sidney Williams) $15,000 in “consulting fees” as she co-sponsored a law aimed at saving a business that was among the lobbyist’s top clients. The Internal Revenue Service (IRS) had determined that the real estate finance firm and others like it were “scams” and the congresswoman’s measure would have overturned a federal ban that would have allowed the shady enterprises to keep raking in lucrative profits.
For years the firms acted as a middleman to help sellers finance down payments so that low-income buyers could qualify for mortgages insured by the Federal Housing Administration (FHA). The lobbyist who paid Waters’ husband represented the nation’s largest such middleman (Sacrament-based Nehemiah Corp.), which stood to lose hundreds of millions of dollars if the ban wasn’t reversed by friendly lawmakers like Waters.
News of this latest scandal comes as the House Ethics Committee prepares to try Waters for using her influence to steer $12 million in federal bailout funds to a failing bank (that subsequently got shut down by the government) in which she and her board member husband held shares.
Another Maxine Waters Scandal
Citing federal records, the story says that a powerful lobbyist paid Waters’ banker husband (Sidney Williams) $15,000 in “consulting fees” as she co-sponsored a law aimed at saving a business that was among the lobbyist’s top clients. The Internal Revenue Service (IRS) had determined that the real estate finance firm and others like it were “scams” and the congresswoman’s measure would have overturned a federal ban that would have allowed the shady enterprises to keep raking in lucrative profits.
For years the firms acted as a middleman to help sellers finance down payments so that low-income buyers could qualify for mortgages insured by the Federal Housing Administration (FHA). The lobbyist who paid Waters’ husband represented the nation’s largest such middleman (Sacrament-based Nehemiah Corp.), which stood to lose hundreds of millions of dollars if the ban wasn’t reversed by friendly lawmakers like Waters.
News of this latest scandal comes as the House Ethics Committee prepares to try Waters for using her influence to steer $12 million in federal bailout funds to a failing bank (that subsequently got shut down by the government) in which she and her board member husband held shares.
Another Maxine Waters Scandal
She's servered 9 terms!