Debt-burdened Joe Wilson Amends Financial Records
By Jonathan Allen | September 10, 2009 12:11 PM
Rep. Joe Wilson, R-S.C., is heavily leveraged and his debts may even exceed his assets, according to a personal financial disclosure form that was amended just before Congress left for its August recess.
Wilson made headlines Wednesday night for yelling "Lie. You lie," at President Obama during an address to a joint session of Congress.
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.
Wilson now reports that his assets at year's end (not counting his residence) fall somewhere between $952,000 and $2,030,000.
Much of that was tied up in property owned by the Moseley Wilson Partnership.
His debts, in the form of personal loans and mortgages, fall somewhere between $880,012 to $1,930,000.
The major differences between the two reports are the addition of Exxon-Mobil stock worth $15,000 or less and a property in Springdale, S.C., worth between $50,001 and $100,000 |
