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Is Charlie Rangel Next?

Tyler Durden's picture




 

Submitted by Mike Krieger of Liberty Blitzkrieg blog,

Charlie Rangel has been a U.S. Representative. since 1971 and is currently the third longest serving Congressperson in America. He turned 84 years old this past Wednesday, and was at the center of a tax avoidance scandal several years ago. As the Wall Street Journal reported in its 2009 article, Morality and Charlie Rangel’s Taxes:

Ever notice that those who endorse high taxes and those who actually pay them aren’t the same people? Consider the curious case of Ways and Means Chairman Charlie Rangel, who is leading the charge for a new 5.4-percentage point income tax surcharge and recently called it “the moral thing to do.” About his own tax liability he seems less, well, fervent.

Of course, if a mere pleb like you or I were caught avoiding taxes we’d likely face harsh consequences. However, for a crony politician like Charlie Rangel all is forgiven and is allowed to continue to “represent” his constituents.

In light of the stunning upset Dave Brat just pulled off against House Majority Leader Eric Cantor earlier this week, many are asking the question as to whether or not we are seeing a genuine political shift against the incredibly corrupt status quo. Personally, I think so. Even if I am incorrect on that front, one thing that is abundantly clear is that any candidate with strong ties to Wall Street will be attacked like a piñata. While the mainstream media likes to talk nonsense about how Brat won because of his opposition to immigration reform, it appears the opposite is true. His winning issue was actually crony capitalism and Wall Street theft. As was so fantastically reported on by The Republic Report:

“All of the investment banks, up in New York and D.C., they should have gone to jail.”

 

That isn’t a quote from an Occupy Wall Street protester or Senator Elizabeth Warren. That’s a common campaign slogan repeated by Dave Brat, the Virginia college professor who scored one of the biggest political upsets in over a century by defeating Majority Leader Eric Cantor in the Republican primary last night.

 

The national media is buzzing about Brat’s victory, but for all of the wrong reasons.

So while Democratic pundits may be laughing at the “civil war” within the Republican Party, they better look in their own backyard. Anti-Wall Street and anti-crony capitalism as a political issue isn’t just big within the GOP, it is set to take American politics by storm in general. Just ask Charlie Rangel, who faces a tough primary from Dominican born Adriano Espaillat in the primary. In fact, he is under so much heat, he pulled out of the final debate at the last minute. The Huffington Post reported yesterday that:

Something new is happening in a New York Democratic primary contest: An incumbent is getting hit for being too close to Wall Street.

 

The unlucky congressman is Rep. Charles Rangel, who was called out by challenger Adriano Espaillat during a recent debate for a vote to water down Wall Street reform. Espaillat, a state senator, has been hammering Rangel for weeks over his ties to the financial industry. On Thursday night, Rangel pulled out of the final debate before the election.

 

Rangel, 84, has been in office since 1971, but is in a dead-heat with Espaillat in the primary for New York’s 13th Congressional District, which represents Harlem and some sections of the Bronx. Rangel, Espaillat and a third contender, the Rev. Michael Walrond Jr., squared off in a debate Wednesday evening.

 

Espaillat attacked Rangel’s 1999 vote to repeal the Glass-Steagall separation between traditional banking and risky securities trading, saying economists widely cited it as a cause of the 2008 banking collapse. Espaillat then asked why Rangel voted to roll back a key aspect of the 2010 Dodd-Frank financial reform law, referring to Rangel’s support for a measure that would reinstate taxpayer support for risky derivative trades by big banks. The bill, HR 992, had been the subject of intense lobbying from the nation’s largest financial institutions.

The primary is on June 24th, and while Rangel is already half out the door anyway, a loss still would serve as a huge wakeup call into 2016, when Wall Street crony Hilary Clinton (she has earned millions speaking to private equity and Wall Street giants lately) assumes she is owed the crown.

Meanwhile, I want to highlight an article from Naked Capitalism yesterday titled: SEC Commissioner Kara Stein Declares War on SEC Chair Mary Jo White. Mary Jo White is a totally captured Wall Street lapdog, as I noted as soon as she was appointed in my piece: Meet Mary Jo White: The Next SEC Chief and a Guaranteed Wall Street Patsy. This is precisely what makes the Naked Capitalism piece so interesting. We learn that:

A relatively new SEC Commissioner, Kara Stein, has decided to depart from the usual polite behavior regulatory overseers and is making noise about SEC decisions and policies that she finds to be dubious. The word most commonly used in the media about her remarks is “blistering”.

 

But the press, while giving Stein’s unusually forthright speeches the attention they warrant, has either failed to notice or is pretending to miss what is really going on: Stein is taking on SEC chairman Mary Jo White on her finance-firm-friendly regulatory stance in a remarkably frontal manner.

 

The reason that Stein’s outspokenness is so unusual is that it is almost unheard of for a regulatory supervisor to cross swords openly with an agency head who hails from the same party.

 

Stein described one pre-crisis rule change that some readers may remember, namely, that the SEC changed its net capital rule in 2004 to let dealers use their own models, including dubious but still widely used Value-at-Risk models. Stein stresses that at the time, the SEC knew full well that this change would let firms get away with carrying less capital. Indeed, the wink-and-nod was that that was the point: the objective was to “reduce regulatory costs for broker-dealers.” Part of why the SEC took such a narrow view of risk was that historically, the agency was concerned only that the customers of a broker-dealer would come out whole if a firm fails, and not to make sure the firm can survive market upheaval. We all know how that movie turned out. The biggest US securities firms did indeed lever up and either failed, were rescued or merged into banks.

 

It’s important to take note of and support Stein’s efforts at the SEC. There is a lot of well-deserved cynicism about regulators and regulatory processes. But it is also critical to remember that well-placed individuals can make a difference. Even as one commissioner out of five, Stein has already made a mark on the final Volcker rule and is throwing a lot of sand in the gears of Mary Jo White’s game plan of going easy on the financial services industry on the regulator front. So if you have a minute, send a note to your Congressman and/or Senator (particularly if they are on any of the banking or financial services committees) praising her latest speech. The more notice Stein gets, the more effective she will be in her reform efforts.

Slowly but surely, things are changing. Keep pushing everyone.

 

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Tue, 06/17/2014 - 14:49 | 4866183 Overfed
Overfed's picture

Charlie Rangel should die in a fire. If that muffugger were standing on a gallows with a rope around his neck, I would yank the lever with glee. Fucking piece of shit.

Tue, 06/17/2014 - 14:50 | 4866193 Omegaman2211
Omegaman2211's picture

They all should, Overfed. They all should.

Tue, 06/17/2014 - 15:26 | 4866329 kchrisc
kchrisc's picture

All of them, past or present, should be judged against whether they violated their oath or Article 3, Section 3. Those guilty should be separated from their heads and the blood spread at the base of a Liberty Tree or Pole.

 

"There's a guillotine for that."

Tue, 06/17/2014 - 15:50 | 4866429 Urban Redneck
Urban Redneck's picture

A sharp kitchen or butchering knife works just as well, and is far more portable and practical for the average person. I hear they are offering free classes on how to use them in South Asia (again), or if airfare for the live show is bit much, then you can always catch the free version on YouTube.

F Dick, Forschner (Victorinox), Dexter-Russell... take your pick, readily available for under $30 with no background check required,

(and double smart ass points for Amazon drone delivery)

Smart Phone - Verizon (Pre-Owned) $0.99

F. Dick Ergogrip 8" Butcher Knife $19.99

The look on the 534 congress critters faces when they see the video of what justice really looks like...

Tue, 06/17/2014 - 16:07 | 4866508 TeamDepends
TeamDepends's picture

"...attacked like a pinata.."  Finally, someone making sense.

Tue, 06/17/2014 - 16:49 | 4866676 macholatte
macholatte's picture

 

Hope & Change ... skinned alive and washed with vinegar as the Half Time show of the Super Bowl all done to the tune Blue Danube as played by a symphony orchestra.

Tue, 06/17/2014 - 17:32 | 4866849 TeamDepends
TeamDepends's picture

Yes, it hurts mon ami, but it's for the children.

Tue, 06/17/2014 - 16:33 | 4866608 kchrisc
kchrisc's picture

Unfortunately your method is too slow when one considers the thousands of guilty pols, crats and banksters, past and present that are in need of Retribution.

Tue, 06/17/2014 - 16:38 | 4866634 shovelhead
shovelhead's picture

I can recommend Dexter Russell. Very inexpensive yet NSF approved for easy cleaning and preventing cross-contamination.

You wouldn't want to infect your chicken with some unknown biohazard from a politician.

Tue, 06/17/2014 - 15:26 | 4866331 ParkAveFlasher
ParkAveFlasher's picture

My man Charlie has the lawn-je-vah-tee, n'ah mean?  Mr. Charlie know.  He gots all dem ghetto ho's dat dem pasty whiteez be diggin', bitchez!

Tue, 06/17/2014 - 15:27 | 4866333 Squid Viscous
Squid Viscous's picture

they are saving the 10 pm PMSNBC time slot for his show Let's "Wrangle with Rangel"...

Tue, 06/17/2014 - 15:35 | 4866362 JLee2027
JLee2027's picture

Nothing will change until Diebold fails.

Tue, 06/17/2014 - 16:36 | 4866622 Freddie
Freddie's picture

Democrats.  The only thing worse than scum AIPAC RINO NeoCons is all Democrats,  The only honest one might be Dennis Kucinich. 

Tue, 06/17/2014 - 17:28 | 4866832 drendebe10
drendebe10's picture

Send the corrupt, fat fuk to Iraq along with the corrupt, incompetent, arrogant, narcissistic illegal indoesian kenyan muslim sociopathic liar in chief.

Tue, 06/17/2014 - 14:51 | 4866186 Emergency Ward
Emergency Ward's picture

Charlie is done when he decides he is done.

Tue, 06/17/2014 - 14:55 | 4866227 Hippocratic Oaf
Hippocratic Oaf's picture

Exactly

He'll dance if he has to, but the part of NYC that he's repsentin' won't give up the cookie

Tue, 06/17/2014 - 16:12 | 4866530 knukles
knukles's picture

MAXINE "I forget how to hook my bra" Waters is immune to overthrow as well.... for the same racist reason

Tue, 06/17/2014 - 14:50 | 4866191 0b1knob
0b1knob's picture

Al "Idiot Grin" Franken is starting to look vulnerable too.  Hey Al, what's so funny?

http://content.answcdn.com/main/content/img/getty/3/3/71882733.jpg

Nice teeth.   I thought congress would have a better dental plan.

Tue, 06/17/2014 - 14:55 | 4866218 Emergency Ward
Emergency Ward's picture

He's laughing about Obama's non-deployment of troops in Iraq.

Tue, 06/17/2014 - 17:50 | 4866352 Squid Viscous
Squid Viscous's picture

typical ny kike and he was never funny-  oh wait when he played the fat gay guy in the oversized sweater that was hilarious!!

Wed, 06/18/2014 - 10:20 | 4868987 detached.amusement
detached.amusement's picture

no, sorry, Franken was NEVER even remotely funny, the more he wrote for SNL, the more it sucked

Tue, 06/17/2014 - 14:50 | 4866196 kliguy38
kliguy38's picture

Just another slimy dirtbag that the bankers pay to get re elected......he's a bagman for them just like most Republipukes and demadumbs are.....

Tue, 06/17/2014 - 14:50 | 4866197 madcows
madcows's picture

Charlie Rangel is a white hating black guy.  Ain't no way his all black contingency would vote him out.  Are you crazy.  He's black!  These are the same folks that praise Al Sharpton and Jesse Jackson, and rejoiced for OJ.  Hell, they voted in Jesse Jackson's kid, even after he was indicted.    You could throw a child molester up there, and he'd win, so long as he's black.

Tue, 06/17/2014 - 15:06 | 4866268 rwe2late
rwe2late's picture

 Be fair,

there have been a whole lot of white voters thrilled to elect and support a corrupt politician

just because he is half black.

Tue, 06/17/2014 - 15:27 | 4866326 Meat Hammer
Meat Hammer's picture

I only hate the white part.

Tue, 06/17/2014 - 15:23 | 4866320 Squid Viscous
Squid Viscous's picture

Tawana Brawley can take his seat, lyin' azz bitch is #1 job requirement, i hear

Tue, 06/17/2014 - 15:50 | 4866428 Squid Viscous
Squid Viscous's picture

J fred muggs was a monkey, and he won hypothetical election in NYC probably would have done a  better job than than the current monkey  contingent

Tue, 06/17/2014 - 14:51 | 4866202 gdiamond22
gdiamond22's picture

Yes, lets replace an old race-baiting liberal prick with a younger one.

Tue, 06/17/2014 - 15:37 | 4866379 Harbanger
Harbanger's picture

One thing about the FSA is they are very faithful voters.  Many people think voting doesn't matter, they may be right, but it's not because of diebold, it's changing demographics.

Tue, 06/17/2014 - 14:51 | 4866204 Big Corked Boots
Big Corked Boots's picture

Charlie Rangel does NOT want to be referred to as the congressman from Harlem. The fact that he represents that part of town tells you all you need to know.

Tue, 06/17/2014 - 15:42 | 4866392 Harbanger
Harbanger's picture

http://www.trulia.com/property/3158940866-257-W-117th-St-1F-New-York-NY-...

 

Harlem, NY.  Condo listing for sale.  $1,200,000.00

Tue, 06/17/2014 - 21:11 | 4867490 ceilidh_trail
ceilidh_trail's picture

Median Harlem sales price is $750k and average sales price is $1 million??? I guess the only hoouse to have sold is the Clinton's and maybe another.

Tue, 06/17/2014 - 14:53 | 4866215 slightlyskeptical
slightlyskeptical's picture

84 years old and still running for office. That alone should tell he is a no good MF. Kind of hard to gain opportunity when those who have it refuse to move on.

Tue, 06/17/2014 - 15:56 | 4866447 Harbanger
Harbanger's picture

Why would any politician leave on their own without Terms limits?  That's the problem.

Tue, 06/17/2014 - 16:31 | 4866596 saltedGold
saltedGold's picture

That's what gets me though... you'd think at 84 years old, you'd have better shit to do than work!  Unfortunately, these power hungry pricks can't think of anything better to do than fleece the country till their dying breath. 

Tue, 06/17/2014 - 16:47 | 4866665 ebear
ebear's picture

Term limits & campaign finance reform (public funding ONLY for election campaigns, and elimination of lobby groups).

If your candidates won't support that, they are not worth voting for.

 

Tue, 06/17/2014 - 15:00 | 4866244 wmbz
wmbz's picture

Rangel is a lying fucking thief, like all the rest of them. The media loves old black Charlie though so he always has and always will get a pass. The folks who vote for him are morons but that goes without saying. They still think they are "sticking" it to the man. 

Tue, 06/17/2014 - 16:47 | 4866666 jbvtme
jbvtme's picture

sorry, man.  voters followed by morons is redundant

Tue, 06/17/2014 - 15:28 | 4866246 Flakmeister
Flakmeister's picture

By all means, his time has come and gone...

Edit: 3 junks for agreeing Rangel should go. Only possible conclusion is that the Hedgetards are at it again.... Must be a reading comprehension thingie...

Tue, 06/17/2014 - 15:36 | 4866370 Overfed
Overfed's picture

Wasn't me. It should be noted that he shouldn't just be voted out. He should be tried for treason and hung upon conviction. Along with a whole bunch of his ilk in Congress.

Tue, 06/17/2014 - 15:46 | 4866405 Flakmeister
Flakmeister's picture

No real argument, treason might be a stretch though, definately tax evasion (it was good enough for Al Capone)....

Tue, 06/17/2014 - 16:33 | 4866606 Overfed
Overfed's picture

I guess I would take what I could get in that regard. As if.....

Tue, 06/17/2014 - 16:01 | 4866393 Dr. Engali
Dr. Engali's picture

Viewing the world through different political lens is one thing, but junking a person just for existing says more about the junkers than it does about the junkie. Although, it doesn't help when your first tendency is to go to a dark place just because you don't like what a person says.

Tue, 06/17/2014 - 16:49 | 4866681 shovelhead
shovelhead's picture

Thanks for reminding me, Doc.

I always forget to junk people I disagree with.

I have to work on my slothful character.

 

Tue, 06/17/2014 - 18:34 | 4867089 cougar_w
cougar_w's picture

It means you can automatically remove 3 junks from anything you post. Actually I'd recommend discounting 6 junks; it's been a slow news day and some of the troglodytes might be down at the bar already getting plastered.

Tue, 06/17/2014 - 15:01 | 4866252 replaceme
replaceme's picture

Charlie not get elected?  Couldn't happen to a nicer pig-eyed sack of shit.

Tue, 06/17/2014 - 15:02 | 4866255 Never One Roach
Never One Roach's picture

Another Parasite.

Tue, 06/17/2014 - 16:00 | 4866476 waterhorse
waterhorse's picture

Hey how about that.  Mary Jo White rhymes with parasite.

Tue, 06/17/2014 - 15:07 | 4866273 disabledvet
disabledvet's picture

There a comes a point in time where maybe you realize you don't want that victory anymore. That everything you ever said and ever were was simply a fraud.

You have to cut deals.
You have to work with the PTB.

"And then just like that the deal is off."

We'll see but this has the feel of a sea change with a "lot of fluidity dead ahead."

Tue, 06/17/2014 - 15:23 | 4866323 Inthemix96
Inthemix96's picture

Any of you fuckers get the feeling in your bones that its all coming apart at the seams?

30% vote here for the UKIP, you lot unseating dyed in the wool cunts for the first time in a hundred years, the EU falling apart, grief all over the Middle East and West Prussia?

There is a sea change coming.  You sow the seeds, you reap the rewards.

I have never felt more alive bitchez, this could be the start of 'Direct Democracy', its either that or they meet us at the gates of hell.

I have said it before, and I will say it till I am blue in the face.

We, Will, Be, Heard.

Smile you overseeing bitch cunts from the observatories of evil, (NSA, GCHQ), youre on candid fucking fucked off camera.

:-)

Tue, 06/17/2014 - 15:24 | 4866325 Dorelei
Dorelei's picture

He might be an old prick hanging to power but at least he voted against the war in Iraq ...

Tue, 06/17/2014 - 15:41 | 4866364 Squid Viscous
Squid Viscous's picture

not alot of niggaz in harlem were real keen on dat fight yo, so he took da peeps in mind...fo' once in his pimp life,

Tue, 06/17/2014 - 15:29 | 4866341 cougar_w
cougar_w's picture

You can throw the bums out, but the ones that take their place will get the same phone call from the same Wall Street oligarches offering the same shipping trunk full of money and blow ... and you are right back where you started.

But go ahead. Throw the bums out. Just don't be surprised when nothing changes on the ground except who is casting a vote and how much money they get to "do the sensible thing".

Tue, 06/17/2014 - 15:58 | 4866415 Dr. Engali
Dr. Engali's picture

You are right, nothing will change. But it is nice to see some of these entrenched asshats finally get the boot, even if it means they go home to a cushy life living off their ill gotten gains.

Tue, 06/17/2014 - 18:31 | 4867075 cougar_w
cougar_w's picture

An ascendent generation of young sociopaths, eager for their chance at the blood lunch, is very glad you think so.

Tue, 06/17/2014 - 15:31 | 4866348 kchrisc
kchrisc's picture

"Slowly but surely, things are changing. Keep pushing everyone."

Sure?! Like on a soap-opera--different actors, same plot.

 

"Hope and Change: I hope things change, but if they don't me and my "hope," AK and guillotine, will make our own change."

Tue, 06/17/2014 - 15:33 | 4866349 deflator
deflator's picture

"In 2012, Espaillat ran in the Democratic primary for New York’s 13th Congressional District, in a crowded field that included 42-year incumbent Charles Rangel.

Rangel narrowly beat Espaillat 44% - 42%, with a margin of victory of less than 1,000 votes. Espaillat placed first in the Bronx section of the district and parts of Upper Manhattan.

The election was marked by reports that Spanish-speaking voters were either turned away at the polls or forced to use affidavit ballots. The New York City Board of Elections was also sharply criticized for its poor handling of the election and subsequent legal proceedings."

 

http://en.wikipedia.org/wiki/Adriano_Espaillat

Tue, 06/17/2014 - 15:38 | 4866381 kurt
kurt's picture

Vote No Republican

Vote No Democrat

Vote No Encumbent

Write in if no other Choice

Tue, 06/17/2014 - 16:18 | 4866556 knukles
knukles's picture

Incumbent, Kurt.
It's Incumbent

Stay away from those write-ins, babe

Tue, 06/17/2014 - 15:45 | 4866404 Squid Viscous
Squid Viscous's picture

and he's not even really black, best part of the whole charade!

Tue, 06/17/2014 - 15:46 | 4866409 tweake
tweake's picture

Wasn't it tax EVASION not tax avoidance.  Big big difference.

Plus a few other choice scams.

Tue, 06/17/2014 - 15:51 | 4866434 optimator
optimator's picture

Kinda like Adam Clayton Powell, Congressman from Harlem.   He was under continual investigation for tax evasion and for misusing public funds to pay for trips with female companions to the Bimini Islands. Powell, charged that Southern Democrats were attacking him because of his staunch advocacy of civil rights and because he was a powerful African-American.

In 1967, the House excluded Powell for technical violations. His constituents reelected him by a 7 to 1 margin in a special election - forcing the case to be decided in the Supreme Court in 1969. Powell regained his seat.

Tue, 06/17/2014 - 15:57 | 4866464 Squid Viscous
Squid Viscous's picture

If Rangel retires they should nominate Marion Barry... he still kickin?

Tue, 06/17/2014 - 16:03 | 4866491 Flakmeister
Flakmeister's picture

Honorary President of the Rob Ford Fan Club....

Tue, 06/17/2014 - 16:05 | 4866501 Squid Viscous
Squid Viscous's picture

without the "white" baggage...

Tue, 06/17/2014 - 15:58 | 4866467 waterhorse
waterhorse's picture

The more notice Stein gets, the more effective she will be in her reform efforts."

 

I wish that were true, but she'll be like the squeaky wheel that gets the hammer rather than the grease.  Or, as the commenters in the Naked Capitalism article mentioned, the status quo will "Brooksley Born" her.

Tue, 06/17/2014 - 16:03 | 4866493 waterhorse
waterhorse's picture

Who are the other two ancient crone pols?  Anyone know?

Tue, 06/17/2014 - 16:11 | 4866527 venturen
venturen's picture

he is a "Useful Idiot"! Who do you think Goldman team Democrat operatives want to deal with...an honest hardworking guy or Charlie "That's Income?" Rangel? Goldman team GOP lost Cantor...but Professor fart will either die in a nail gun accident or his office will be a broom closet in Alaska.  

Tue, 06/17/2014 - 16:21 | 4866569 cpzimmon
cpzimmon's picture

Everything will be the same. Including Rangle boy. Since when do elections make any difference? The worlds going to hell in a hand basket and it's about time that we face the facts.

Tue, 06/17/2014 - 16:30 | 4866597 IridiumRebel
IridiumRebel's picture

VOTE EM' ALL OUT. Yes, I know it will change little, but the cocksucking lobbyists will get extra work to do...

Tue, 06/17/2014 - 18:03 | 4866967 prymythirdeye
prymythirdeye's picture

Since she was mentioned in the article....

www.arkancide.com

www.arkancide.com

www.arkancide.com

edit: Ya, I posted it 3 times.  It's that important

Tue, 06/17/2014 - 21:40 | 4867556 ceilidh_trail
ceilidh_trail's picture

Thanks for the reminder of what the clintons probably are...

Tue, 06/17/2014 - 18:49 | 4867120 paulbain
paulbain's picture

 

 

 

 

 

 

Mike Krieger wrote:

While the mainstream media likes to talk nonsense about how Brat won because of his opposition to immigration reform [sic; "unrestricted immigration"], it appears the opposite is true. His winning issue was actually crony capitalism and Wall Street theft.

 

I used to think that Mike Krieger was smart.  Now, I know better.

 

-- Paul D. Bain

PaulBain@PObox.com

 

 

 

 

 

 

 

 

Tue, 06/17/2014 - 19:29 | 4867241 pupdog1
pupdog1's picture

Rangle represents the scammin' the man party, which his free stuff army base idolizes.

If Rangle gets his bitch ass Cantored, there won't be clean underwear anywhere in DC.

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