Downturn Hits House Assets and Income
By: Alexander Bolton THE HILL
http://thehill.com/leading-the-news/downturn-hits-house-2008-06-16.html
Maybe the Pelosis should give Mitt Romney a call. I’ve heard he’s a pretty sharp portfolio manager. While they are at it, maybe they should ask him his advise on energy policy as well.
~~John Cronin~~
Congressional leaders lost millions of dollars in last year’s economic downturn.
New financial disclosure reports reveal, however, that while House members suffered losses, senators defied the odds and saw their profit margins rise.Speaker Nancy Pelosi’s (D-Ca.) husband, the San Francisco financier Paul Pelosi, lost between between $880,000 and $7.4 million in various investments. As a result, the Pelosis earned only several hundred thousand dollars if income from their assets, which range between $29 million and $133 million, according to public records.
June 17th, 2008 at 4:20 pm
Well this is gratifying in a perverse way. I got the impression Pelosi had no sense of all of what was happening to the economy with an ineffective Congress in control.
June 17th, 2008 at 11:29 pm
Tagg Romney has co-founded a private equity venture called Solamere Capital. Go Tagg Go! =)
http://www.pehub.com/wordpress/?p=2570