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Corrupt Democrat Maxine Waters Triggers FDIC Probe

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  • Corrupt Democrat Maxine Waters Triggers FDIC Probe

    The openly corrupt Democrat Maxine Waters now has caused an investigation of the corruption of a bank her husband was a member of the Board of Directors.

    "Now Rep. Darrell Issa (R.-Calif.), ranking member of the House Committee on Oversight and Government Reform, is investigating the Federal Deposit Insurance Corporation (FDIC) saying that this and other questionable practices raises concerns that the FDIC may be making decisions based on factors other than protecting the best interests of taxpayers and depositors.

    Waters husband, Sidney Williams, served on the board of directors for OneUnited Bank from January 2004 to April 2008 and owned nearly 4,000 shares of its stock worth $352,000 before the value plummeted in September 2008 because the bank was heavily invested in Fannie Mae and Freddie Mac.

    If OneUnited failed, (Waters) husbands investment in OneUnited would have been worthless, said the House Committee on Standards of Official Conduct in finding Waters violated ethical rules."

    Under Obama ALL government agencies are now suspect of being corrupt--that is how Chicago politicians work.


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