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WASHINGTON - After being admonished by an ethics panel for accepting corporate-sponsored trips to the Caribbean, Rep. Charlie Rangel, D-N.Y., will take a "leave of absence" from his chairmanship of the powerful House Ways and Means committee, NBC News has learned.
Asked by an NBC reporter if he will remain chairman, Rangel responded with an emphatic "yes."
"You bet your life on it," he said.
But t wo Democratic sources tell NBC News that Rangel will take a "leave of absence" — beginning Wednesday — until the investigation is over.
The powerful Democrat was encouraged to step aside before the House votes on a bill to strip him of his chairmanship.
"We don't have the votes to save him," one Democratic member said of Rangel.
It turns out Rangel had a credit union account worth at least $250,000 and maybe as much as $500,000 -- and didn't report it. He had investment accounts worth about the same, which he also didn't report. Ditto for three pieces of property in New Jersey.
Beyond even that, we've learned that Rangel has failed to report assets totaling more than $1 million on legally required financial disclosure forms going back to at least 2001.
On top of those allegations are ones that"he falsely listed a Washington D.C. residence as his primary address when he was living in rent-stabilized apartment in New York City; used Congressional letterhead for fundraising purposes; and helped a wealthy donor to a school bearing Rangel’s name establish a lucrative tax shelter in Bermuda," according to Fox News.
According to him, though, he has far beyond the average intelligence. With regards to his financial situation he told reporters: “I recognize that all of you have an obligation to ask questions knowing that there's none of you smart enough to frame it in such a way that I'm going to respond."
Originally posted by dashen
Oh please, if ol' Charlie has to take a leave of absence then so should 90% of the people on capitol hill. He probably just pissed someone off, so he got investigated.
Originally posted by kinda kurious
reply to post by centurion1211
OMG. I just starred one of your posts. As many know I am a recovering liberal and devout Democrat.
Originally posted by kinda kurious
reply to post by centurion1211
OMG. I just starred one of your posts. As many know I am a recovering liberal and devout Democrat.
His actions are repulsive and he deseves punishment. Claims he didn't know who paid for his trips? And Pelosi defended him by saying his actions posed no threat to our country on ABC News. Disgusting. He should be tossed on the street or better yet, locked up.
I'm hoping an Independant party gains support so I can believe in something once again.
[edit on 3-3-2010 by kinda kurious]