Rep. Maxine Waters
D - CA
In early December, Democrats chose the scandal-plagued Rep. Maxine Waters to be the ranking member on the House Financial Services Committee despite her many transgressions over the years. The influential congresswoman has helped family members make more than $1 million through business ventures with companies and causes that she has helped, according to her hometown newspaper.
In August 2010, Waters’ influence peddling earned the attention of a subcommittee of the House Ethics Committee which charged Rep. Waters with three counts of violating House rules and ethics regulations in connection with her use of power and influence on behalf of OneUnited Bank. After a highly controversial investigation, plagued by accusations of impropriety and corruption, on September 12, the committee failed to hold Waters to account for steering a $12 million to OneUnited, in which she and her board member husband held shares.
The Financial Services Committee, among other responsibilities, has jurisdiction over all issues pertaining to; you guessed it, the banking system