Ethics panel to hold hearing in Maxine Waters case

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Maxine Waters, US Representative of California

Maxine Waters, US Representative of California (AP photo)

WASHINGTON (AP) – The House Ethics Committee will hold a hearing Friday in the case of Rep. Maxine Waters, a senior Democrat on the Financial Services Committee. The ethics panel is investigating whether Waters tried to steer federal bailout money to a bank where her husband is a shareholder.

The California lawmaker has maintained her innocence of any ethical wrongdoing. She argues that she contacted the Treasury Department on behalf of an association of troubled minority owned banks, a group that included the institution where her husband is an investor.

Waters contends the committee has denied her the right to properly present her case. The hearing will allow her to do so. The proceeding should clear the way for a determination of whether she violated standards of conduct.

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