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Rangelís Wealth Jumps After Disclosure
CQ Politics ^

Posted on 08/25/2009 1:56:24 PM PDT by thought

House Ways and Means Chairman Charles B. Rangel , already beset by a series of ethics investigations, has disclosed more than $500,000 in previously unreported assets.

Among the new items on Rangel’s amended 2007 financial disclosure report were 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.

According to the original report, Rangel’s net worth was between $516,015 and $1,316,000, while the amended report showed his net worth, as of Dec. 31, 2007, roughly double that amount — at least $1,028,024 and as much as $2,495,000.

Rangel also revised his disclosed investment income from 2007. The original report showed he had received between $6,511 and $17,900, but the new report shows between $45,423 and $134,700.

(Excerpt) Read more at cqpolitics.com ...


TOPICS: Crime/Corruption; Government; Politics/Elections
KEYWORDS: 111th; ethics; millionaires; rangel

1 posted on 08/25/2009 1:56:24 PM PDT by thought
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To: thought

Obama is making him rich.


2 posted on 08/25/2009 1:59:54 PM PDT by Dan(9698)
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To: thought
Rangel is an affirmative action representative, he will get a nice big pass.
3 posted on 08/25/2009 2:04:28 PM PDT by vetvetdoug
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To: thought

“Sorry Charlie!”
We need a pic from the tuna ad of the hook with the “Sorry Charlie” written on it!


4 posted on 08/25/2009 2:08:22 PM PDT by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: thought

It happens all the time to people out beyond the beltway. We call them convicts.


5 posted on 08/25/2009 2:19:55 PM PDT by IrishCatholic (No local Communist or Socialist Party Chapter? Join the Democrats, it's the same thing!)
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To: thought

Zzzzz

6 posted on 08/25/2009 2:21:51 PM PDT by Oratam
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To: thought
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.

Well now this is worth a chuckle or two. Rangel owns stock in Kentucky Fried Chicken (Yum!).

Now let me get this straight; has Chuckie ever had a real job in his entire life or just this congressional gig?

7 posted on 08/25/2009 2:23:12 PM PDT by VeniVidiVici (Democrat - The new Party of National Socialism. Pelosi and Kosmas - founding members.)
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To: thought

You and I would be under the jail.


8 posted on 08/25/2009 2:23:31 PM PDT by denydenydeny ("I'm sure this goes against everything you've been taught, but right and wrong do exist"-Dr House)
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To: thought
Net worth of $2,495,000

Not bad on $142,000 a year!

Like Hillary, he must have made some great cattle futures investments.....

Such BS.

9 posted on 08/25/2009 2:25:59 PM PDT by MindBender26 (Does "We All Weed Up" Indicate Obama Is Now Channeling Bob Marley?)
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To: thought
Net worth of $2,495,000

Not bad on $142,000 a year!

Like Hillary, he must have made some great cattle futures investments.....

Such BS.

10 posted on 08/25/2009 2:26:00 PM PDT by MindBender26 (Does "We All Weed Up" Indicate Obama Is Now Channeling Bob Marley?)
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To: vetvetdoug

“Rangel is an affirmative action representative, he will get a nice big pass.”

Pass, hell. He`ll be rewarded for it.


11 posted on 08/25/2009 2:36:49 PM PDT by chessplayer
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To: thought

this just proves how low we have sunk....cant get a crook like this prosecuted....


12 posted on 08/25/2009 2:38:53 PM PDT by dalebert
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To: thought
"Earlier this year, the Sunlight Foundation found similar problems with Rangel’s previous disclosure reports. According to the group’s analysis, Rangel failed to report purchases, sales or his ownership of assets at least 28 times since 1978 on his personal financial disclosure forms. Assets worth between $239,026 and $831,000 appeared and disappeared with no disclosure of when they were acquired, how long they were held or when they were sold, as House rules require."

Paying federal income taxes and honest reporting of assets is only for stupid suckers; especially if those suckers are just middle class Americans. Fat Cat DemonRATs like that slob Rangel are exempt from the oppresive, confiscatory laws they impose on honest citizens. He'll never get prosecuted for this.

This is just more evidence of a corrupt, out of control Federal Government; a government that is no longer legitmate.

13 posted on 08/25/2009 3:17:30 PM PDT by StormEye
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To: StormEye

Nazi Pelosi said she was going to “Drain the Swamp”. Problem is that the trash and scum, like Rangel, keeps clogging the drain filter.


14 posted on 08/25/2009 4:00:55 PM PDT by jmax
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