Rep. Joe "You Lie" Wilson amends financial disclosures
from CQ politics
Rep. Joe Wilson, R-S.C., is heavily leveraged and his debts may even exceed his assets, according to an amended financial disclosure form for 2008 that for the first time reveals hundreds of thousands of dollars in previously unreported loans from federal credit unions and banks.
Wilson made headlines Wednesday night for yelling "Lie. You lie," at President Obama during an address to a joint session of Congress. Now, it turns out that the personal financial disclosure form Wilson filed with the House of Representatives in May was grossly inaccurate.
Lawmakers are required to declare what they own and disclose -- within a pretty wide range -- how much each asset is worth and how much income it provided. The intention of the disclosure law is to let constituents see the connections, if any, between their elected officials' public duties and private financial interests.
In Wilson's case, he updated a form revealing what he owned in 2008. The new version, filed at the end of July, has different assets than he identified in May.
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http://primebuzz.kcstar.com/?q=node/19893#new