Over at the Washington Examiner, Mark Tapscott reports that on the uncovering of some new evidence showing
. . . that House Financial Services Committee Chairman Barney Frank, D-MA, and committee Rep. Maxine Waters, D-CA, intervened to help OneUnited, a very sick bank, get $12 million TARP-funded bailout.
What’s wrong with that? Well, for one thing, the TARP funds in question were only supposed to go to healthy banks in an effort to get them to restart their lending programs that had been hobbled by the Great Recession of 2008.
According to Judicial Watch President Tom Fitton whose organization obtained potentially incriminating e-mails through a Freedom of Information Act (FOIA) request:
These emails suggest that without the corrupt intervention of Barney Frank and Maxine Waters OneUnited would not have gotten a $12 million taxpayer bailout. . . . And these documents show that this so-called community bank wasn’t actually lending much to the ‘community’ that Frank and Waters were purporting to help.
I do expect the MSM to be on top of this issue, especially giving Mrs. Waters’ ethics woes. Seems the Ethics Committee also needs to look into the unhappy Massachusetts Democrats’ actions as well. And not for the first time.