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Oh, Charlie! Rep. Charles Rangel, the powerful Democrat from Harlem who chairs the House Ways and Means Committee, has now added "more than $500,000 in previously unreported assets" in an amended 2007 financial report. According to CQ Politics, among the additions are "an account at the Congressional Federal Credit Union worth at least $250,000, an investment account with at least $250,000, land in southern New Jersey and stock in PepsiCo and fast food conglomerate Yum! Brands. None of those investments appeared on the original report, which was filled out by hand and filed in May 2008."
Rangel declined to comment, maybe because, as the NY Times points out, this money now states his net worth at between "$1,028,024 and $2,495,000 — about twice the amount listed in the original disclosure statement, filed in May 2008, which declared assets totaling between $516,015 and $1,316,000." There are apparently a dozen differences between Rangel's original 2007 filing and the amended one; Sunlight Foundation senior fellow Bill Allison told CQPolitics, "I understand being sloppy, missing an asset once or twice. But what this shows is he doesn’t take financial disclosure seriously. How else can you year after year have these inaccuracies? It doesn’t look like there is a lot of care put it into compared to other members."
A Rangel source told the Daily News that there are "good explanations" for those holdings only being reported now and "he'll answer those questions in due time... The congressman is confident there was no effort to hide anything." Of course, Rangel is being investigated for his many rent-stabilized apartments, rental income on a vacation villa, donations to a graduate school being named after him...
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Congressman, as your P.R. advisor I say now is the time to distract your critics -- dump that bow tie for a real tie.
I second that.
Rangel certainly has cojones. A lesser man would have hidden cash in a Swiss bank account, but now that those folks are getting outed anyway, nothing says "guilty" like a hidden Swiss bank account.
Now, "hiding" your cash in the Congressional Federal Credit Union -- that would be so brazen that it is almost plausible that he could actually just be completely aloof.
Or, doubleplus smart.
And yet he will be elected for another term.
Ok, it's just yet another rich person playing with their toys and having mommy saying 'bad boy'. Nothing will happen but a slap on the wrist. Harlem district represent!
Time to go, Chuck.
"None of those investments appeared on the original report, which was filled out by hand and filed in May 2008."
People still fill things out by hand? I thought that was what Adobe was for?
No surprise that Rangel endorsed John Liu who lied about working in a sweatshop. Sharpton, the tax evader also endorsed Liu for comptroller.
Rangel is a dick
Teflon Chuck won't let this slow him down from continuing to cheat the government and the taxpayers. And sadly, his peers in Washington seem too spineless to take any stand against his abhorrent behavior.
There's your elected officials (not) hard at work for you.
how many lies does this guy have to get caught in before he's removed from office? come on already............
You pretty much have to be convicted of a crime to be removed from Congress. That's a bipartisan standard.
As for voters, there is likely no limit.
I'm going to keep voting for him. When your congressman is the Chair of the House Ways and Means Committee you should keep him in office. He may be a crook but he's our crook and it's not like he killed anyone.
Just your faith and confidence.
He won't be there forever. Then another crook, not from your district, will take over.
The question isn't whether he's crooked, but is he crooked enough to lead?
And this children, is how crocks like Rangel, Stevens, Thurmond, Kennedy, Byrd, Specter, et.al. stay in power forever.
will someone please dislodge this tumor?
OK, folks, here's your chance to do something about D.C. corruption. Vote for the other guy. Surely he will be able to remember where he put that half-million.
Do you really believe a Republican can get elected to represent Harlem?
Even if they found mutilated children in the trunk of Rangel's car, he would still win.
To be fair, there are also solidly Republican districts where a Democrat couldn't win, no matter what the DNA report, video tape, fingerprints and 3 dozen witnesses say.
Patterson would say that the media is just being racist.
meh. I just like his voice.
people should stop electing criminals. if a regular guy does this i'm sure he'll get into alot more trouble than this guy could ever have. gotta love politics of cronyism.
Rangel is a skank and I, for one, instead to start blogging about it.
His income doubled! Now, that isn't exactly a minor error.