06-13-2009, 04:48 PM
|
#1
|
|
Banned
Join Date: Dec 2004
Location: IGNORE LIST OR BAN LIST
Posts: 7,839
|
Obama administration officials personal finances
Would you like to know how Obama and his officials manage their investment? You may suffer BUT they are doing well.
Obama administration officials' personal finances 'more or less appropriate,' investing experts say -- chicagotribune.com
Quote:
President Barack Obama
Holdings: U.S. Treasury bills, socially responsible index fund and 529 college savings plans. The largest single holding by Obama and his wife, Michelle, is $1.05 million to $5.1 million in U.S. Treasury bills. The retirement accounts of each also contain the Vanguard FTSE Social Index fund, which invests in socially responsible companies. The fund lost 42 percent last year. Each daughter has a college fund worth $50,001 to $100,000.
Timothy Geithner
Treasury secretary
Holdings: Fidelity Total Market Index, Fidelity Spartan 500 Index, Artisan International, Oakmark Fund, Pimco Total Return, $1,001 to $15,000 of IBM stock and 529 college savings plans.
Hillary Clinton
Secretary of state
Holdings: Treasury notes and federal agency bonds, cash account of $1 million to $5 million, whole life insurance and life insurance trust.
After the 1990s brouhaha over Clinton's trading in cattle futures, her portfolio today is downright dull.
"It's like the furniture at a beach house. It's nice, but it doesn't tell you anything about the person who owns the place," Bacci said.
Clinton wisely created an insurance trust to pay estate taxes for heirs, he said.
Clinton holds up to $5 million in cash in a Citibank account that's covered by only $250,000 of FDIC insurance, Angel noted.
|
|
|
|
Linear Mode
