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Sept. 19 (Bloomberg) -- The market storm that brought down Lehman Brothers Holdings Inc., American International Group Inc. and other pillars of U.S. finance may have also blown holes in the portfolios of House Speaker Nancy Pelosi, Senator John Kerry and more than 50 other members of Congress.
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. AIG has fallen 85 percent this week to close yesterday at $2.69. The lawmakers' aides didn't respond to calls seeking comment.
Altogether, 56 senators and representatives had stakes in AIG, Lehman, Fannie Mae, Freddie Mac, Bear Stearns Cos. or IndyMac Bancorp Inc. -- some of the biggest casualties of the market bloodbath -- according to the Center for Responsive Politics.
http://news.yahoo.com/s/bloomberg/20080919/pl_bloomberg/asetgbxg0c0s_1
That may have been when the first tv was demonstrated to the public but people did not have them in their homes at that time.
So I guess Hoover's address reached a total of 2 television sets???
McCain is reaching out to Democrats again (after saying Andrew Cuomo would be his choice to run the SEC).....we'll see how it plays with the independent voters?
NEW YORK (Reuters) - An unusual surge in Goldman Sachs' share price in the last 10 minutes of trading on Tuesday raised eyebrows on Wall Street, as it came two hours before news of Warren Buffett's big investment in the bank.
Goldman Sachs (GS.N) shares rose more than $5 heading into the close of trading even as the rest of the market tumbled, leaving traders suspicious that inside information was used to make a profit.
"Obviously someone knew the Buffett news that was coming out. I noticed it yesterday and I was telling my colleagues something is going on with Goldman," said Dave Rovelli, managing director of US Equity Trading at Canaccord Adams in New York.
"Someone is going to get caught, because that is easy to track, they can find out who did that," said Rovelli.
Goldman Sachs' stock rose from $119.53 at 3:50 p.m. to $125.05 at the close. The S&P financials sub-index meanwhile fell from 273.79 to 273.61 in the same time frame.
http://news.yahoo.com/s/nm/20080924/bs_nm/us_goldmansachs_sharesbiz;_ylt=AiOHpRxw4j8SWvtVHAyv5VBv24cA
Donations in both parties are setting records and it's because of the incredible failures of the Bush administration.
Secondly the fact that for the first time in history there was a woman candidate for president of course has alot to do with it. Half the population did not suddenly become enlightened and feel "inspired", give me a break. Your Obama bias is showing yet again.
There is an article today from Politico entitled "Bill Clinton, still not helping the cause". I'm sorry if helping the country is not as important to you than promoting your own agenda. There world is made up of all kinds of people, not just liberal democrats. Bill Clinton has done far more to help people around the world than Obama has done to help people in Chicago. I know you want the Clintons to win the election for Obama but the fact that Obama cannot win the election on his own speaks volumes in regard to how truly unqualified and inexperienced he is to be president.
HARTFORD, Conn. - Connecticut Democrats, angry that Sen. Joe Lieberman is campaigning for the Republican presidential candidate and criticizing his own party's nominee, agreed Wednesday to circulate a resolution to censure the veteran politician but won't consider acting on it until after Election Day.
The state party's central committee Wednesday agreed to send copies of the resolution to every Democratic town committee in the state. The resolution condemns Lieberman for speaking at the Republicans' convention and backing John McCain.
http://news.yahoo.com/s/ap/20080925/ap_on_re_us/lieberman_democrats;_ylt=AsJk9sHo6mciid4XTj0z06MXIr0F
and we know what agreements and principles are worth in DC.
How many articles did we see yesterday claiming a deal has been reached??? So much for their "agreement in principle".
I never thought I would agree with House Republicans on anything but these banking and mortgage companies failed on their own in a free market capitalistic system. Isn't a main point of capitalism that we shouldn't bail out companies that fail?
This is capitalism.....some companies fail and when they do they get bought out by another.
The only reason politicians are in a panic is because so many of them have investments in these very companies that are failing.
Do you think they would care about it if they didn't have any money tied into them?
Altogether, 56 senators and representatives had stakes in AIG, Lehman, Fannie Mae, Freddie Mac, Bear Stearns Cos. or IndyMac Bancorp Inc. -- some of the biggest casualties of the market bloodbath -- according to the Center for Responsive Politics.
http://news.yahoo.com/s/bloomberg/20080919/pl_bloomberg/asetgbxg0c0s_1
are the ones criticizing his decision to put the work of the government over campaigning. Looks like they are wrong about this too.
Democratic presidential nominee Barack Obama and Republican John McCain are tied again in its daily tracking poll on the presidential race, Gallup just reported.
The score: 46% each.
Yesterday, Obama led 47%-44%. He's led by as much as 6 points in the past week.
The survey firm interviewed 2,731 registered voters over three days -- Sept. 22-24. It says the margin of error on each result is +/- 2 percentage points.
http://blogs.usatoday.com/onpolitics/2008/09/latest-poll-num.html?csp=34