Tuesday, August 03, 2010

Frank warned colleague not to aid troubled bank

The Boston Globe reports:
US Representative Barney Frank of Massachusetts urged Representative Maxine Waters of California to avoid any dealings with Boston-based OneUnited Bank because her husband owned stock in it. But the Democratic congresswoman didn’t heed his warnings, according to a House ethics report released yesterday, and now faces a possible trial before her colleagues over a conflict of interest with the bank.