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This let me perplex and made me laugh - Does somebody understand what

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Mass Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-15-05 08:05 PM
Original message
This let me perplex and made me laugh - Does somebody understand what
they imply? Did Chris Heinz renounce to run because M. Hart sold a few Heinz stock? I am very intrigued.

http://www.zwire.com/site/news.cfm?newsid=14702158&BRD=2212&PAG=461&dept_id=465812&rfi=6


Among the other findings:

_ Hart sold Heinz stock worth $1,000 to $15,000. Chris Heinz, the stepson of U.S. Sen. John Kerry, said in April he would not run against Hart in 2006.
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Mass Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-15-05 08:07 PM
Response to Original message
1. Selling Heinz stocks seem to be of high interest to reporters today
http://www.thehill.com/thehill/export/TheHill/News/Frontpage/061605/lawmakers.html

I assume this is about Rahm Emmanuel, but it does not matter, because it is still very silly.


Young lawmakers take more risks with their money
His wife, Diana, is a former executive at Goldman Sachs, where she worked for former Treasury Secretary Robert Rubin and Sen. Jon Corzine (D-N.J.).

At least one of Cantor’s investments was up to $15,000 in H.J. Heinz Co. stock. Teresa Heinz, Sen. John Heinz’s (Pa.) widow and an heir to the Heinz fortune, is now married to Sen. John Kerry (D-Mass.), last year’s Democratic presidential nominee.

At least $7 million of Emanuel’s assets are in a qualified blind trust. His assets outside of the trust include commercial real estate in Milwaukee and his wife’s investments in Public Storage and General Electric.
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TayTay Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-15-05 08:39 PM
Response to Original message
2. Relatively speaking, these are small investments
I think it's just snark at the expense of a well-known name. The post on Rahm Emmanuel says he has over $7 million in a blind trust. $15,000 is a tiny percentage of that. It just sounds like a diversified portfolio to me.
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Mass Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-15-05 08:40 PM
Response to Reply #2
3. Anyway, it is meaningless given that Heinz is a publicly traded company.
This is why this made me laugh, particularly the first one.
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