Thursday, June 16, 2011

How to root out corruption in Congress

Michelle Malkin reports that in the past year, Nancy Pelosi's reported net worth has increased by a startling 62% to a minimum of $35 million.  Stakes in Apple are only up 55%, so it suggests a very alarming question; how does a Congressman, with an income of only about $174,000 annually (and a third of that taken out for taxes), achieve this?

On the bright side, it suggests that Mrs. Pelosi is better than the average Democratic inside trader, but on the down side, it suggests that perhaps another layer of investigation ought to be added to lawmaker financial reports when the reports show net worth gains far in excess of market gains.  More and more, it seems as if those on the "buying" end of legislation are getting their money's worth.

1 comment:

Mark said...

If not for our investments in Apple, our portfolio would be very sad to look at.