Rest easy, America. Your finances are in good hands: Democrat House Financial Services Committee member declares bankruptcy.

Yeah, we know times are tough and this kind of thing could happen to anyone. But, for god’s sake, Ruben Hinojosa isn’t just any Democrat congressman. He’s a member of the House Financial Services Committee. You know, the guys in charge of banks.

ruben hinojosa

Yeah, we know times are tough and this kind of thing could happen to anyone. But, for god’s sake, Ruben Hinojosa isn’t just any Democrat congressman. He’s a member of the House Financial Services Committee. You know, the guys in charge of banks.

The Associated Press has the story:

ruben-hinojosa
Do as your party does, Rep. Hinijosa: When you're bankrupt, spend even faster

According to federal bankruptcy court documents, Rep. Ruben Hinojosa, D-Mercedes, has $2.9 million in liabilities, though he also has nearly $1.5 million in assets.

Most of the money Hinojosa owes — $2.6 million — is a claim by Wells Fargo Bank. The congressman says that is due to a loan he personally guaranteed for the H&H Meat Products Co., which went bankrupt.

The Financial Services panel has jurisdiction over legislation affecting banks. House aides and outside experts say the House has no rules forbidding a lawmaker who owes large sums to a bank from serving on that committee.

Well, we’re pretty sure that won’t be a problem for Congressman Hinojosa. Based on his adroit combination of failure and finger pointing, he’s undoubtedly being groomed for a position of great importance in the Obama administration.

Source: Associated Press

7 Comments
newest
oldest most voted
Inline Feedbacks
View all comments
I HATE THE MEDIA ™
Verified by MonsterInsights