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Old 11-11-2009, 05:18 PM
aljhoa aljhoa is offline
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Join Date: Aug 2007
Posts: 2,271
American Ruling Class

Originally Posted by rickoff View Post
Makes you wonder who these representatives are representing.

According to a new report from the Center for Responsive Politics, 44 percent of our Congressional representatives are millionaires.

Only 1 percent of their constituents have that much money.

All told, at least seven lawmakers have net worths greater than $100 million, according to the Centerís 2008 figures.

"Many Americans probably have a sense that members of Congress aren't hurting, even if their government salary alone is in the six figures, much more than most Americans make," said CRP spokesman Dave Levinthal.

"What we see through these figures is that many of them have riches well beyond that salary, supplemented with securities, stock holdings, property, and other investments."

Among executive branch officials, CRP says the richest is Securities and Exchange Commission Chairwoman Mary L. Schapiro, with a net worth estimated at $26 million; Secretary of State Hillary Clinton is next, worth an estimated $21 million. President Barack Obama is the sixth-wealthiest, worth about an estimated $4 million.

Many lawmakers have profited from investments in companies that have received federal bailouts; dozens are invested in Wells Fargo, Citigroup, Goldman Sachs and Bank of America.

Now we see why they were so intent on funding these bailouts. It wasn't to save the banks - it was to save themselves!
Ambition and legitimate sources of wealth makes you wonder whom these representatives are representing.
How deep is the rabbit hole?

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