Congresswoman Loaned Money to Herself at 18%
Posted in Main Blog (All Posts) on February 13th, 2009 5:36 am by HL
Congresswoman Loaned Money to Herself at 18%
Rep. Grace Napolitano (D-CA) “has pocketed more than $200,000 of political contributions by charging as much as 18% interest on money she loaned to her own campaign,” Bloomberg reports.
The congresswoman “made the $150,000 loan in 1998, when she was first elected to the U.S. House of Representatives. Through Dec. 31, her campaign committee has used donations to pay Napolitano $221,780 of interest while reducing the principal by just $64,727, a review of her Federal Election Commission filings shows.”
Panetta Confirmed
The U.S. Senate confirmed Leon Panetta as director of the CIA, “placing the nation’s top spy agency in the hands of a government veteran valued for his skills as a lawmaker and policy manager rather than an expert at intelligence-gathering and analysis,” the Washington Post reports.
CQ’s Cabinet Tracker shows two Obama nominees still unconfirmed with two posts still needing nominees.
