Rangel Failed to Disclose More Income and Assets, Forms Show

New York Times ^ | 8/28/09 | David Kocieniewski

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Representative Charles B. Rangel failed to report hundreds of thousands of dollars in income and assets on his financial disclosure forms for 2002 through 2006, including tens of thousands of dollars in rental income from a Harlem brownstone he sold in 2004, according to records filed this month with the clerk of the House of Representatives.

Mr. Rangel, who is facing investigations by two House subcommittees into his personal finances and fund-raising, filed amended financial disclosure forms on Aug. 12 acknowledging that he had omitted an array of assets, business transactions and sources of income. They include a Merrill Lynch Global account valued between $250,000 and $500,000; tens of thousands of dollars in municipal bonds; and $30,000 to $100,000 in rent from a multifamily brownstone building he owned on West 132nd Street.

The forms require members of Congress to indicate a broad range for an asset’s worth rather than a specific amount, so the exact value of the unreported assets could not be determined.

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...investigating whether Mr. Rangel and four other members of Congress violated restrictions on accepting travel from donors who employ lobbyists when they attended a conference last November in the Caribbean. The trip was partly sponsored by Citigroup, which received billions in federal bailout money.

When Nancy Pelosi's Democrats took Congress away from Republicans in January 2007, unemployment was at 4.5%, the deficit had been cut in half to $180 billion, taxes were low, and the Dow Jones was about 14 thousand.

After crooks like Pelosi, Charlie Rangel and Harry Ried have been in power for just 3 1/2 years, we are 9.4% unemployment, people's houses are getting foreclosed at record rates, the stock market is 9 thousand, the government deficit is ONE TRILLION DOLLARS per year, and companies like Citigroup that paid for Democrats' political election campaigns have gotten hundreds of billions of taxpayer dollars in bailouts passed through Congress by Pelosi and Ried.

[AJMCQ]

Really?... on top of that little Carribean oversight. What exactly does it take to put a Liberal politicial in jail? They are astoundingly devoid of ethics, shame or accountability. Remarkable.

[newnhdad]

Republican does this and it’s front page for weeks, democrat and it’s buried on the “regional” section right behind the restaurant reviews.

[maggief]

[Dr. Ursus]

Members of the jury and fellow colleagues-Wink,Wink,Nudge,
Nudge!

[HiramQuick]

Move on ... nothing here ... just standard debtocrat resume enhancement.

[Dubya-M-DeesWent2SyriaStupid!]

didn’t someone call for him to resign? then again he could rape a young boy on LIVE TV and the dems would still say he is great and brown shirts are out to get him.

[God luvs America]

bump

[Eric in the Ozarks]

I’d guess a verbal spanking by the NYT is about as far as this will go.

[StarFan]

Apparently this latest disclosure was hidden on page A18 of the Slimes. His first error of ommission was a slap on the hand and had to repay $10,000 without interest and penalty. Any guess what page Senator’s Stevens lesser indiscretion was printed on? Stevens was indicted yet all we hear is a demand that Rangel give up his chairmanship with a lonely pubbie congressman asking that a Rangel rule be adopted that all taxpayers who fail to disclose earnings not pay interest or penalties.

[icwhatudo]

“this article appeared in print on August 29, 2009, on page A18 of the New York edition.”

Page A-18?

I wonder where it would have been if it was Tom Delay...

[kellynla]

I friggin’ love it! LMAO
Great pic! Thanks for posting.

[Melchior]

The IRS is the perfect tool of a fascist government. Unlike normal citizens, politicians are never audited. (You disagree? I’ll bet you can name a friend or neighbor who has been audited, but can you cite an independent IRS investigation of a political figure in Washington?) We have created a Washington elite that like the Latin American political caste considers itself so far above, so far removed from the muchadumbre that it will never be held responsible for its illegal actions. And the IRS is the shield that protects them.

[Pedrobud]

Come on. Don’t you all FORGET out properties worth millions all the time. This man should go to jail and quite frankly, it is scary the media protects these people. WHY ??

[Pharmboy]

Maybe...but I think he is DOA as the continuing Chair for Ways and Means. BUT—he will be reelected easily.

[jwparkerjr]

re: What exactly does it take to put a Liberal politicial in jail?

Or at least get him or her removed from office. Very few laws written to address Congress critters call for their removal for violating them. IMHO, this should call for automatic expulsion from office and maybe even a lifetime ban from running again.

How about that sleazy federal judge who was impeached and removed from the court then ran for and was elected to Congress. Alcee Hastings. What a miserable example of a person to have in Congress.

America simply has to learn and understand that the days of being pretty sure that someone elected to office could be trusted to what's right are gone. Every aspect of their tenure has to be open to careful scrutiny. Of course it is IF they are Republican.

It's pretty obvious that conservatives are going to have to carve some time out of their busy schedules to pay attention to Congress.

[b4its2late]

He should be in jail.

[boomop1]

Traficant is being released now there is a room vacant for Rangle.

[dfwgator]

[milagro]

Your synopsis of the "CHANGE" the Dems have effected since they became the majority party should be used by EVERY conservative running for EVERY office throughout this country. Along with some catchy slogan like:

You wanted "hope and change" and the Dems sure delivered:

Less change in your pocket and little hope for the future!