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WASHINGTON ― Rep. Maxine Waters (D-Calif.) sent a sharply worded letter to Attorney General Loretta Lynch on Friday, calling on the government’s top lawyer to rescind a drug money laundering settlement with HSBC and bring criminal charges against the British financial titan’s employees.
Under the standards of Beltway etiquette, it’s a provocative move for a Democratic congresswoman in a leadership position ― Waters is the ranking member of the powerful House Financial Services Committee ― to publicly challenge a sitting Democratic cabinet member. But Waters’ letter is particularly biting for another reason: Lynch was personally in charge of the HSBC investigation that infuriated financial reform advocates in December 2012, while she was U.S. Attorney for the Eastern District of New York.
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