Skip to main content

View Diary: CSI: Federal Reserve (221 comments)

Comment Preferences

  •  He should know... (0+ / 0-)

    Bernanke's financial disclosure reveals a no-frills millionaire:

    The chairman's financial disclosure form, released Tuesday, showed that he's a millionaire, with holdings last year in no-frills U.S. Treasury securities, Canadian Treasury bonds, stock and bond mutual funds and two annuities.

    I believe that puts him in at least the top 0.1% or so...

    •  I would expect nothing less... (2+ / 0-)
      Recommended by:
      ohwilleke, pb

      ...the good thing is, at lesast he's being ethical and doesn't hold investments in publically traded companies.

      For a Republican, that's a big surprise!

      Thanks,

      Mike

    •  Not even close. (1+ / 0-)
      Recommended by:
      pb

      The cutoff for the top 1% is about $6 million.  He'd be 10 times as wealthy if he were in the top 0.1%.

      About 8% of American families are millionaires.

      The cutoff for the top 5% is within the range he gives for his wealth.

      The Treasury bonds are there simply to avoid conflicts of interest since he's gotten this job.  He didn't make his million plus investing in them.

      "Those who can make you believe absurdities can make you commit atrocities" -- Voltaire

      by ohwilleke on Wed Feb 07, 2007 at 01:47:11 PM PST

      [ Parent ]

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site