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Dem Steve Israel Gets $93K Mortgage Bailout

Banks and members of Congress have something in common: They both get bailouts.

The bank that holds Long Island Rep. Steve Israel’s mortgage has approved a special deal allowing him to wiggle out of nearly $100,000 owed on his Dix Hills home while he unloads the property, The Post has learned.

And Republicans are demanding an investigation.

Israel, chairman of the Democratic Congressional Campaign Committee, is in the same predicament as many other homeowners who bought their properties during an overheated real-estate market, only to see their home’s value plummet: He’s “underwater.”. . .


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