The House Ethics Committee has closed the case against the second highest ranking Democrat on the Financial Services Committee after finding “no evidence” of ethics violations. Rep. Maxine Waters, D-CA, had been the subject of a two-year investigation amid allegations that she had violated House rules by improperly influencing the bailout of a bank where her husband owned stock.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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