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:
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