Tuesday, September 1, 2009

Oops, I Did It Again

Rep. Charlie Rangel, Chairman of the House Ways and Means Committee, failed to report hundreds of thousands of dollars in income and assets on his financial disclosure forms for 2002 through 2006, according to amended financial disclosure forms he filed on August 12 with the clerk of the House of Representatives. In these new forms he acknowledged that he had previously ommitted an array of assets, business transactions and sources of income.

Did Rangel, who is already facing investigations by two House subcommittees into his personal finances and fund-raising, simply forget that he had at least $250,000 in a Congressional Federal Credit Union IRA and at least $365,000 in mutual funds?

To paraphrase Oscar Wilde, to have under-reported income by millions once may be regarded as misfortune; to do so twice can seem like carelessness.

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