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Pelosi, Kerry and more than 50 other members of Congress Have Direct Financial Stake in the Bailout.
Pelosi, in her most recent financial disclosure form, reported that her husband owned between $250,000 and $500,000 of stock in AIG, which ceded majority control to the U.S. government this week in exchange for $85 billion of loans.
Kerry, the 2004 Democratic presidential nominee, disclosed that his wife, Teresa Heinz Kerry, had more than $2 million of AIG stock at the end of 2007...
Altogether, 56 senators and representatives had stakes in AIG, Lehman, Fannie Mae, Freddie Mac, Bear Stearns Cos. or IndyMac Bancorp Inc. -- some of the biggest casualties of the market bloodbath.
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Comments
Cindy Liquidates blind fund conveniently?
justiceInteresting to note that Cindy McCain liquidated her blind fund stock in AIG,LEHMANNS,Freddie and Fannie,before the meltdown,and one of McCains LONG-TIME lobbyists(Timmons),NOW McCAINS main financial advisor worked inside Freddie(or was it Fannie) since 2000?
Wonder if he 'tipped off' Cindy McCain about the choppy financial 'seas' coming.
Especially as Paulson/Bernanke/Reubens etc had MADE CONTIGENCY plans for this 700billion BAILOUT months BEFORE it happened?
Smells a BIT McCain-ishy to me!