Ultra-leftist Congresswoman Maxine Waters (D-CA) faces three ethics charges (see official Ethics Committee document HERE) related to her attempt to get federal bailout money directed to a bank, OneUnited, in which her husband, Sidney Williams, was an investor.  The value of Williams’ ownership had dropped from over $350,000 at the end of June, 2008, to $175,000 in September, 2008, after the government put Fannie Mae and Freddie Mac into “conservatorship” (because OneUnited had substantial investments in FNM and FRE-backed securities.)  Williams had also been a member of the bank’s Board of Directors.

Please read the rest of my thoughts on the subject in my article for the American Spectator:
See “A Grandmother on Trial“, Ross Kaminsky, AmSpec, 8/11/10
http://spectator.org/archives/2010/08/11/a-grandmother-on-trial

My prediction: The committee will find Waters guilty of these charges and give her a mild slap on the wrist which she will grandiosely refuse to accept or acknowledge. She will proclaim herself a “victim” of the system, using barely concealed racist language, and she’ll become even more popular among her South Central Los Angeles voting base.