Tuesday, March 02, 2010

Bill Foster's Rangel Cash

It's going to the Illinois Food Bank,
On Monday, Rep. Bill Foster, D-Ill., announced that he is giving $14,000 he received from Rangel to an Illinois food bank. Foster's announcement came after The Examiner's query earlier in the day.

Read more at the Washington Examiner: http://www.washingtonexaminer.com/opinion/Representatives-ditching-Rangel_s-hot-dirty-money-85864622.html#ixzz0h4f4FxPL
Lucky Foster's the 37th richest guy in Congress,
37. Rep. Bill Foster (D-Ill.)
$7.37 million

Foster, who won the special election to replace former Speaker Dennis Hastert (R), has almost all of his assets tied up in the theater lighting company he founded with his brother in 1975, Electronic Theatre Controls. Foster reports holding $5 million to $25 million in a promissory note “for payments over time arising from sale of interest” in the company, but also a $1 million to $5 million ownership interest in the company “that owns the factory building used by ETC Inc.”

He also has more than $1 million in savings, checking and money market accounts.

Foster reports no liabilities.
No liabilities... well, sort of. One just came home to roost.

Footnote: And looks like Rangel's replacement a bit of a loon: Pete Stark's bizarre ethics interview
California Rep. Pete Stark sounds like an ethics investigator’s worst nightmare.

Stark, the second-ranking Ways and Means Committee Democrat, was “extremely belligerent” toward interviewers from the Office of Congressional Ethics last year, insulted the staff members who came to interview him and had a video camera in his office during the session, according to a recently released report.

At issue was whether Stark had inappropriately applied for a homestead tax exemption in Maryland even though his official residence is in California, according to the report. Stark was later cleared by the ethics committee, but only after the bizarre encounter in his office last summer.

Read more: http://www.politico.com/news/stories/0310/33691.html#ixzz0h4oRdj92

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