Under the guise that Rep. Waters wanted to help out African American banks in California, the congresswoman saved some of the valuable stocks her family was holding. She asked then-Secretary of the Treasury Henry Paulson to hold a meeting with minority-owned banks back in 2008. The only bank that had representatives in attendance was OneUnited, the same bank that Rep. Waters had hundreds of thousands of dollars in stock in. Waters’ Chief of Staff and grandson Mikael Moore is also in attendance.
The bank used the meeting to demand a government bailout money with taxpayer money. They were denied.
In December of that year, Waters set up another meeting for OneUnited this time demanding that the government ensure that minority-owned banks get some of the bank bailout money. This time OneUnited got their bailout funds, and Rep. Waters’ persistence secured the value of her stocks.
AAN Staff
The staff at American Action News are consummate professionals, who when not producing original, hard-hitting content, are scouring the internet to bring you the unfiltered news that matters to you! Our mission is to maximize your experience on our website. If we can ever be of assistance, please do not hesitate to let us know!
