[classicman]

Waters, a senior member of the House Financial Services Committee, helped arrange a meeting in September, 2008, between Massachusetts-based OneUnited Bank and Treasury Department officials, according to ethics investigators.

OneUnited Bank ultimately received $12 million in bailout funds.

According to the report, Waters' husband owned almost 4,000 shares of OneUnited stock at the time of the meeting. The shares had declined in value from more than $350,000 in June to $175,000 at the end of September.

"A meeting was in fact granted, however, the discussion at the meeting focused on a single bank -- OneUnited. Rep. Waters' husband had been a board member of the bank from 2004 to 2008 and, at the time of the meeting, was a stock holder of the bank," the report said.

The report released Monday stated that Waters "agreed to refrain from advocating on behalf of OneUnited," but failed to instruct her chief of staff, Mikael Moore, from doing so.

Following the September 9 meeting between Treasury and National Bankers Association officials, Moore "was actively involved in assisting OneUnited representatives with their request for capital from Treasury and crafting legislation to authorize Treasury to grant the request" for financial assistance, the report said.

"Reasonable" people could construe Moore's "continued involvement in assisting OneUnited as the dispensing of special favors or privileges to OneUnited," the report concluded.

Waters refuted that allegation as well Tuesday.

"If you're going to wrap this all around creating these violations because I failed to supervise my staff, it doesn't hold water, they don't have any proof of that and I maintain that I want to go to trial or whatever they want to call it -- adjudicatory hearing -- because I think I don't deserve this," she said.

Sounds reasonable... not really. Sounds like more well-connected political games.
Oh and Mikael Moore is her grandson.

Moore is the son of Edward Waters, one of the congresswoman's two children, both of whom were noted in a 2004 Los Angeles Times story about money the family has made by doing business with companies and candidates the congresswoman has helped.

more and more all over the net.