Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

List of the 50 richest congress critters

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
7wo7rees Donating Member (913 posts) Send PM | Profile | Ignore Wed Sep-14-11 03:16 PM
Original message
List of the 50 richest congress critters
1. McCaul
2. Issa
3. Kerry

Wait, what? McCaul?

When McCaul first appeared on Roll Call’s annual survey of the 50 Richest Members of Congress in 2005, he was a wealthy guy, reporting a minimum net worth of about $12 million.

His financial disclosure report now depicts a fortune worth almost 25 times that amount, making him the wealthiest Member of Congress, at least on paper.

McCaul ranked fifth among last year’s class of richest lawmakers, with a minimum net worth of at least $73.75 million, but has since risen to more than $294 million.

The lion’s share of McCaul’s wealth is held by his wife, Linda McCaul, the daughter of Clear Channel Communications CEO and founder Lowry Mays, and the Congressman’s dramatic rise in net worth in 2010 appears to be the product of generational wealth transfer.

http://www.rollcall.com/50richest/the-50-richest-members-of-congress-112th.html
Printer Friendly | Permalink |  | Top
SixthSense Donating Member (251 posts) Send PM | Profile | Ignore Wed Sep-14-11 04:48 PM
Response to Original message
1. Insider trading
legal for members of Congress and their staffs

it is trivial to get rich with that exemption plus the inside information they have on the legislative process as well as other information not available to the public

it's part of why they don't give a shit... why should they, they're all getting rich for free
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sat Apr 20th 2024, 03:07 AM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC