Maxine Waters Corruption Updated: Her family Raked in a Million from Companies the Congresswoman Helped

No surprise, just more details on her families corruption. Its now known that her family pulled all this money in various ways. Her husband received the lucrative stock deal in the bank that she steered Tarp money to. In addition he acted like a "consultant" with other businesses. Having covered the Democrats and the CDR Financial scandal in depth there is nothing too shocking here. If the money goes to Maxine its a bribe, instead its laundered through family members so the bribe becomes nice and legal.

From the LA Times:

Waters, a South Los Angeles political fixture who won election to the state Assembly in 1976 and to Congress in 1990, has previously come under scrutiny for activities that benefited her family financially.The Los Angeles Times in 2004 reported that her family members made more than $1 million by doing business with companies, candidates and causes that the congresswoman helped.

Her husband is a former professional football linebacker turned Mercedes-Benz salesman, who in 1993 was named U.S. ambassador to the Bahamas by President Clinton.
Waters' most recent financial disclosure statement, filed in May, shows that her husband had two major investments in OneUnited Bank in 2007, each for $250,000 to $500,000.

One is a dividend-bearing investment, almost certainly stock in the bank, that returned dividends of $15,000 to $50,000 in 2007. The other investment returned interest of $5,000 to $15,000, the statement shows, but does not further describe it.Cohee contributed $4,000 to Waters' campaign fund between 2002 and 2005.

Its nice to be a Democrat.