In 1988, eight Democratic members of Congress formed a company to buy a tiny island in the Bahamas — an old pirates’ lair with pink beaches and palm trees — with the idea of turning it into a resort. One of them was Matthew F. McHugh, the upstate New York Representative who is now leading the ethics committee investigation of the House bank affair. Two of the others were Robert J. Mrazek of Long Island and Edward F. Feighan of Ohio, who figure prominently in that affair and who are now appeal…
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