The LA Times reports that Rep. Maxine Waters apparently has family connections to a bank that received $50 million in bailout funds.
[She] requested the September meeting on behalf of executives at OneUnited, one of the nation’s largest black-owned banks. Ms. [Waters’] husband, Sidney Williams, had served on the bank’s board of directors until early last year and has owned at least $250,000 in stock in the institution. Treasury officials said the session with nearly a dozen senior banking regulators had been intended to allow minority-owned banks and their trade association to discuss the losses they had incurred from the federal takeover of Fannie Mae and Freddie Mac. But Kevin Cohee, OneUnited’s chief executive, instead seized the opportunity to plead for special assistance for his bank, federal officials said.