Pelosi, Kerry may take losses on their AIG stock. (!)
What would we do without the financial press?? !!
Both House Speaker Nancy Pelosi and Senator John Kerry (though his wife) have reported substantial holdings in AIG in their recent financial disclosure forms:
Pelosi, in her most recent financial disclosure form, reported that her husband owned between $250,000 and $500,000 of stock in AIG, which ceded majority control to the U.S. government this week in exchange for $85 billion of loans. … Kerry, the 2004 Democratic presidential nominee, disclosed that his wife, Teresa Heinz Kerry, had more than $2 million of AIG stock at the end of 2007, when shares were worth $58.30
Fifty-six Senators and Congressmen have holdings in the entities that failed or were bailed out in 2008.
Of course, some are Republicans. But the prominent Democratic names do suggest that the purifying influences of The One may be taking a long time to work their magic.
See full article on Bloomberg.