More Embarrassment For Congressional Black Caucus After Maxine Waters Joins Rangel In Alleged Ethics Breaches

After Charlie Rangel was humiliated recently by the Congressional Ethics Panel, and faces ethics charges that included failure to disclose assets and income, nonpayment of taxes and doing legislative favors for donors to a college center named after him, today we learn that another democrat, prominent member of the Financial Services Committee, and the funniest Ben and Tim interrogator by a mile, Maxine Waters, is about to face an ethics trial herself, dealing a huge reputational blow to the Congressional Black Caucus, where it now appears pretty much everyone in a position of power had been allegedly abusing their privilege for years. Of course, this means the other 358 members of Congress are perfectly honest and clean. Then again, perhaps it is not a bad thing that Maxine will soon be gone from the FSA, as her repeated questioning of Tim Geithner and Ben Bernanke was a farce of such moronic magnitude, that it actually made the Fed chairman look good during Q&A (we dare you to watch the clip below with a straight face). Either way, it will be amusing to watch all of Maxine's faux indignation now that she will be on the receiving end of questioning that should be at least a little smarter than her own.

More from NPR:

A second House Democrat, Rep. Maxine Waters of California, could be facing an ethics trial this fall, further complicating the midterm election outlook for the party as it battles to hold onto its majority.

People familiar with the investigation, who were not authorized to be quoted about unannounced charges, say the allegations could be announced next week. The House ethics committee declined Friday to make any public statement on the matter.

Waters, 71, has been under investigation for a possible conflict of interest involving a bank that was seeking federal aid. Her husband owned stock in the bank and had served on its board.

Both Waters and Rangel are prominent members of the Congressional Black Caucus and the trials would be an embarrassment for the group. Dual ethics trials would also be a major political liability for Democrats, forcing them to defend their party's ethical conduct while trying to hold on to their House majority.

While Rangel is a former chairman of the tax-writing Ways and Means Committee, Waters is a prominent member of the Financial Services Committee.

Waters came under scrutiny after former Treasury Department officials said she helped arrange a meeting between regulators and executives at Boston-based OneUnited Bank without mentioning her husband's financial ties to the institution.

Her husband, Sidney Williams, held at least $250,000 in the bank's stock and previously had served on its board. Waters' spokesman has said Williams was no longer on the board when the meeting was arranged.

Waters has said the National Bankers Association, a trade group, requested the meeting. She defended her role in assisting minority-owned banks in the midst of the nation's financial meltdown and dismissed suggestions she used her influence to steer government aid to the bank.