Conflict of Interest

Stage set for Maxine Waters' ethics trial

A congressional panel set the stage Monday for an ethics trial for Rep. Maxine Waters, one of Los Angeles' most enduring liberal politicians, over her actions involving a bank with ties to her husband that received federal bailout funds.

Without detailing the accusations, the House Ethics Committee released an investigative report that found "substantial reason" to believe that Waters may have violated ethics rules. The case centers on a meeting Waters set up in September 2008, during the financial crisis, between Treasury Department officials and representatives of minority-owned banks.

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