Rangel gets the “super-prime” loan

What else can you say when Champagne Charlie Rangel, beyond his sweetheart deals on NYC apartments and slumlording for the rich (when he’s not shaking down their lobbyists as House Ways and Means chairman) also has had a 10-year interest-free mortgage on a sweet beachfront rental in the Dominican.

PLUS, he failed to report the rental income from the property on his taxes.

“It is my understanding that over the 20-year time period there is not likely to be federal tax liability by Mr. Rangel because of offsetting depreciation expenses and tax credits. Therefore, whatever amendments might be necessary do not involve the federal tax code,” said his attorney, Lanny Davis.

Wait….

This is the person responsible for overseeing the tax code as part of running Ways and Means.

If Passive Pelosi™ really believes in Congressional ethics, she’ll address this ASAP after the election by booting him from his chairmanship.