Friday, March 13, 2009

Where Racism and Self-Interest Intersect

The Wall Street Journal reports on Democrat Representative Maxine Waters, demonstrating how her own party wants her to keep her nose out of certain financial legislative decisions. This attitude is despite Ms. Waters' position as a member of the House Financial Services Committee.

Why the concern? Because Ms. Waters and her husband have a big stake in "minority" owned OneUnited Bank. Her involvement is complex, from her practice of giving the bank's executives special access to Federal Treasury officials, to the shares, stock options and other benefits she and her husband have in the bank, to her husband's postion as a director of the bank.

Ms. Waters has also been relentless in her efforts to prevent OneUnited from being forced to merge with other, "non-minority" owned banks. At a hearing on minority lending in 2007, Ms. Waters alluded to two banks, Independence Bank of Washington, D.C., and "another bank that was about to be acquired by a major white bank out of Illinois." You know, the special white bank, where only white people can go.

Racism in all its forms is stupid and vile. What's even more stupid and vile is when one party -- the Democrat one -- allows its members to practice racism publicly, without consequence. That those members can use their racism to affect legislation is beyond belief. When it comes to Liberals, however, you can't consider any action too outlandish, too outrageous or too foolish.

[Edit 3/14: Michelle Malkin has a bit more detail on the antics of Maxine Waters. How in the world can she still hold office? Oh, that's right, she's a Democrat. There are no standards for behavior.]

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