Rangel's amended disclosure statement for 2007 reports new assets worth between $647,000 and $1.38 million. That raises the value of his holdings to between $1.03 million and $2.95 million.This is the guy who wants to rewrite the tax code, pass cap-and-tax and nationalized health care. If he can't get his own financial statement correct, how can we expect him to do better with the nation's?
Assets missing from Rangel's original 2007 disclosure, filed in May 2008, include a Congressional Federal Credit Union IRA worth between $250,001 and $500,000; four mutual fund accounts worth between $365,004 and $750,000, and PepsiCo and Yum! Brands stock valued between $16,002 and $65,000.
...A Rangel source said there are "good explanations" for why Rangel didn't report those holdings and "he'll answer those questions in due time" - after the House ethics committee completes its nearly year-long probe of the powerful Democratic Ways and Means Committee chairman.
"The congressman is confident there was no effort to hide anything," the source added.
Wednesday, August 26, 2009
Charlie Rangel's Forgotten Fortunes
Speaking of Dems with ethical problems:
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Isn't it amazing how some of these people in the Obama Administration have such a poor memory when it comes to honesty or taxes, yet they want to be the one's to tell us what kind of a National Health Care program we are going to be blest with. No wonder the U.S. has gone in debt more in the last 8 months than in all our history!
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