EXPOSING CORRUPTION IN GOVERNMENT OFFICIAL ACCROSS THE NATION




Like Mama said, you ARE who you hang out with. Much like BHO???

http://query.nytimes.com/search/query?date=past30days&query=rangel&x=10&y=8

NEW YORK TIMES...The ethics panel is examining Rangel's unusual deal for the beach villa, as well as three rent-stabilized apartments he uses in his Harlem district, and a series of letters he wrote seeking support for a New York education center named after him.

Rangel purchased the beach house in 1988 for a price of $82,750, with a down payment of $28,900 and a mortgage of $53,850. Over the next 15 years, he did not make any payments directly for the mortgage, but the managers of the resort property used rental income from the property to gradually pay down the mortgage. During all but two years of the mortgage, Rangel paid no interest on it.

His lawyers estimate he failed to report some $75,000 in rental income over a 20-year span, but that only posed a tax problem for the congressman when he sold a residence in New York City four years ago and his tax liabilities briefly changed.

The ethics committee is also set to examine how Rangel came to rent three rent-controlled units in his Harlem district, as well as his use of official congressional stationery to try to attract potential donors to a college center named after him.


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