The Boogieman George Bush

It is like that Bill Murray movie, Groundhog Day - only that the day’s events are not repeating, but that another ethically challenged law maker, here, Maxine Waters, blaming Bush for everything, including, now, her legal troubles. Miss Waters is said to have allegedly benefited from interceding with the Treasury Department on behalf of her husband’s bank. Incidentally, the Ethics Committee just happens to be bipartisan in nature and the members have not invoked the perpetual boogieman, George Bush for culpability, at least yet.

The evidence against Miss Waters, as put forward by the Ethics Committee is: Miss Waters petitioned Hank Paulsen, then Treasury Chairman, to send some of the bailout money to assist over 100 minority-owned banks. This petition resulted in one bank representative showing up to the meeting and subsequently receiving $12 million; and those that showed up for the Treasury’s meeting happens to be from One United - the very bank owned by Representative Waters’ husband.

According to FoxNews.com, Miss Waters’ defense is that she had to petition the Treasury because over one hundred minority banks were being ignored; Miss Waters wanted to underscore that her intercession was on behalf of the minority businesses and not only for her husband’s  bank. The problem for Miss Waters is the fact that only her husband’s bank reps showed for the meeting with the Treasury officials, and, moreover, the one bank, which received $12 million. Miss Waters said that because Mr. Paulsen was Secretary of the Treasury under George Bush when the minority businesses sought help, ergo Bush’s culpability.