Rep. Waters denies ethics violations in bailout

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U.S. Congresswoman Maxine Waters is under investigation due to alleged ethics violations

Los Angeles-area congresswoman Maxine Waters denies improperly favoring a bank her husband held stock in during the federal bank bailout.

In a speech at First A.M.E. Church in South Los Angeles on Saturday, Waters repeated calls to have ethics charges against her made public as soon as possible.

Waters says she did nothing improper when she arranged a meeting between the Treasury Department and an association of minority-owned banks in September 2008.

OneUnited Bank, where her husband was a stockholder, attended the meeting and received $12 million from the $700 billion federal bank bailout three months later.

The Congressional Ethics Committee has charged the 10-term Democrat with violations, but hasn't released details or set a trial date.

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