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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCapitol Assets: Congress’s wealthiest mostly shielded from effects of deep recession
http://www.washingtonpost.com/investigations/capitol-assets-congresss-wealthiest-mostly-shielded-in-deep-recession/2012/10/06/5a70605c-102f-11e2-acc1-e927767f41cd_story.htmlIf you could peer deeply into how the 535 members of Congress handle their money, what would you find?
You would see a diversity of investment strategies and results, from those who put their money into riskier, high-growth funds to those who own safe municipal bonds. The legislators range from the super-rich to the deep-in-debt, from inherited wealth to married wealth to no wealth at all. They are entrepreneurs and farmers, oilmen and ranchers, lawyers and real estate developers.
You would find that, contrary to many popular perceptions, lawmakers dont get rich by merely being in Congress. Rich people who go to Congress, though, keep getting richer while theyre there.
The wealthiest one-third of lawmakers were largely immune from the Great Recession, taking the fewest financial hits and watching their investments quickly recover and rise to new heights. But more than 20 percent of the members of the current Congress 121 lawmakers appeared to be worse off in 2010 than they had been six years earlier, and 24 saw their reported wealth slide into negative territory.
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Capitol Assets: Congress’s wealthiest mostly shielded from effects of deep recession (Original Post)
xchrom
Oct 2012
OP
tama
(9,137 posts)1. "Representation"
by 1% oligarchy.
bushisanidiot
(8,064 posts)2. That explains why boehner hasn't sent a jobs bill on to the senate
Because he just doesn't care... He's got his, so screw the American people.
RB TexLa
(17,003 posts)3. If you have money to invest, didn't sell off good stocks and kept investing of course you are going
to be better off. It's what I did, cut all spending, increase saving and investing.