Maxine Walter - Ethical Questions

 

Waters ethics case debacle detailed

By JOHN BRESNAHAN 09/25/2012 05:53 PM EDT

 

The long saga of the Maxine Waters ethics investigation is a chronicle of mistakes, partisan and intraparty squabbles, allegations of racism, bitter personal rivalries and failed attempts to bring the investigation to a close months and even years before it ended.

 

The Ethics Committee’s probe of the California congresswoman’s dealings with a minority-owned bank in which her husband held stock dragged on 38 months and consumed probably millions in legal fees — far more than the roughly $350,000 investment that Waters’s husband, Sidney Williams, was in danger of losing if OneUnited Bank collapsed during the 2008 U.S. financial crisis.

 

https://www.politico.com/story/2012/09/report-details-waters-ethics-case-debacle-081665

 

Maxine Waters

Representative (D - CA)

Financial Services, Ranking Member

 

https://www.opensecrets.org/members-of-congress/summary?cid=N00006690&cycle=2018

 

First Election: 1990

Next Election: 2018

TOP INDUSTRIES 2017 - 2018

 

Insurance

$121,380

 

Securities & Investment

$95,442

 

TOP CONTRIBUTORS 2017 - 2018

 

Marvin Engineering

$16,000

 

Rock Holdings

$14,200

 

Top Contributors, 2017 - 2018

Contributor Total Individuals PACs

Marvin Engineering $16,000 $16,000 $0

Rock Holdings $14,200 $9,200 $5,000

Inglewood $12,900 $12,900 $0

State Farm Insurance $11,000 $1,000 $10,000

Ariel Investments $10,800 $10,800 $0

 

Top Industries, 2017 - 2018

Industry Total Individuals PACs

Insurance $121,380 $2,380 $119,000

Securities & Investment $95,442 $50,942 $44,500

Real Estate $85,574 $24,574 $61,000

Lawyers/Law Firms $66,426 $49,426 $17,000

TV/Movies/Music $46,837 $33,837 $13,000

 

Source of Funds (Campaign Committee), 2017 - 2018

 

Type Amount Percentage

Small Individual Contributions (< $200) $75,302 4.73%

Large Individual Contributions $509,330 32.01%

PAC Contributions* $564,351 35.46%

Candidate self-financing $0 0.00%

Other $442,410 27.80%

 

 

https://www.opensecrets.org/members-of-congress/other-data?cid=N00006690&cycle=2018

 

Anon thoughts:

She is hiding a "bone" of investments into companies either through her husband or family. Her position on the Financial Services committee gives her insight, especially into companies facing, or will be facing legislation (both good and bad for the company).

 

I bet the bone is insider trading.