The House Ethics Committee has cleared Maxine Waters of wrongdoing in a celebrated but thin case over whether she improperly set up a meeting between the Treasury Department and a troubled bank in which her husband had a stake. Her chief of staff (and grandson), Mikael Moore, still faces scrutiny. But Waters “went above and beyond what was required of her,” according to one Republican on the committee.

Yesterday, Maxine Waters chaired the House Financial Services Committee hearing on foreclosure fraud, and very effectively called out both the regulators who have stood mute in the midst of this crisis, and the big bank servicers who have been actively harmful to their customers. A day later, her hearing with the House Ethics Committee was postponed indefinitely, due to the “discovery” of new documents in the case.

Basically, we have a he said/she said situation here in regards to Rep. Maxine Water’s ethics charges, though the evidence militates in favor of Waters. And it’s important to remember that the “he said” in this case is, among others, Porter Goss.