Where could I get a mortgage like this where I'm supposed to pay one interest rate (a high one of 10.5%, but don't have to pay anything because the lender decides to waive it).
...
As the media continues investigation Rangel, they keep turning up financial inconsistencies, including that they failed to report income on a property in Manhattan that the Rangels own. 74 West 132nd Street has been "occasionally" omitted from his income statements.
But a review of Mr. Rangel’s filings since the House began requiring financial disclosures in 1978 indicated a number of inconsistencies.
In some years, Mr. Rangel and his wife reported rental income from a six-unit building at 74 West 132nd St. that they had owned for decades. But between 1978 and 1987, and between 1993 and 2000, he listed no income from the building.
Those are some pretty big gaps in the record, and yet Rangel's attorney claims that the property was a loser. Are there really losses there, or did Rangel engage in yet more tax [evasion]? I suspect that we're going to learn that Rangel engaged in tax avoidance on a far larger scale.
And what's Charlie Rangel's explanation?
Rangel claims that his wife was responsible for taking care of the family finances and tax records. I think we just saw Charlie attempt throw his wife under the bus
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