Stock market level when obama took office

Top 10 Richest US Senators' Top Stock Trades in and Potential Conflicts of Interest. US Senators and Representatives determine legislation that can directly affect corporations' stocks. Some view Congressional representatives' trading of stocks in industries under the jurisdiction of their Congressional committees to present at least a conflict of interest or at worst insider trading. In45 corporations, spanning finance, insurance, oil, pharmaceutical, telecom, and other industries, made the 10 richest Senators' top 5 stocks owned, purchased, and sold lists.

The charts below detail the 10 richest US Senators' and Barack Obama's publicly traded stock investments intheir financial disclosure reportsand other relevant factors that could pose as conflicts of interest. Such factors, provided under "Additional Information," include membership in committees that have jurisdiction over companies in which the Senators invested, the Senators' personal relationships with the companies, and the amount of government appropriations to each company.

Click here to read our methodology, information on how to read the charts, and additional notes of interest. When Kerry ran for president four years ago, he criticized President Bush's 'energy policy of Big Oil, by Big Oil, and for Big Oil.

Kerry has tens of thousands of dollars invested in those same companies, but an aide to the senator said the investment is held in trust and Kerry has no control over it. July 1,Alexander Bolton, "Dems Willing to Criticize Oil Despite Holding Stock," The Hill. The [Center for Responsive Politics's] review of lawmakers' financial disclosure statements suggests that members' holdings could pose a conflict of interest as they decide the fate of Iraq war spending.

Several members earning money from these contractors have plum committee or leadership assignments, including Democratic Sen. Spokesman David Wade said Kerrywho staunchly opposes the war in Iraqis one of many beneficiaries of family trusts that he doesn't control. Wade also noted that Kerry does not sit on the Appropriations Committee, which has direct control of the defense budget.

Federal ethics laws make it virtually impossible for members of Congress So the laws provide for the creation of special 'qualified blind trusts' like Frist's, which are exempt from public disclosure. The laws strictly limit communications between the trustee and the beneficiary, but they also mandate disclosure of the original holdings and notification to the beneficiary whenever an original asset is sold.

And the rules give beneficiaries The trusts have become especially popular among the growing number of millionaires in the U. In addition to Frist, other senators with blind trusts of one kind or another include Jon Corzine of New Jersey, Hillary Rodham Clinton of New York, Barbara Boxer of California, Herb Kohl of Wisconsin, Jay Rockefeller of West Virginia and Edward Kennedy of Massachusetts, all Democrats; and Lincoln Chafee of Rhode Island and Michael Enzi of Wyoming, both Republicans.

Kirkpatrick, "Trusts Like the Senate Leader's Can't Be Truly 'Blind'," International Herald TribuneSep. Such trusts are 'merely cosmetic,' says lawyer Kenneth Gross, an expert on congressional ethics who has helped establish trusts for elected officials. The senators with blind trusts include Democrats Dianne Feinstein of California, Edward Kennedy and John Kerry of Massachusetts, Herb Kohl of Wisconsin, Hillary Rodham Clinton of New York and Jay Rockefeller of West Virginia KennedyKohl and others have withdrawn funds in the past five years without knowing their source, according to interviews and financial-disclosure reports.

Andrea Stone, "Frist Probe Raises Questions on Blind Trusts," USA TodayOct. Jay Rockefeller IV D-WV Avg. Net Worth of Household in Top 5 Stocks Owned by Spouse as of Dec.

Rockefellerout of an abundance of caution to ensure there's no conflict of interest, has held all his assets in a blind trust since he was the governor of West Virginia.

Lindsay Renick Mayer, "Members of Congress Profit Iraq War Contractor Stocks," Voters For Peace, Apr. Two defense contractors whose interests were largely controlled by her husband, financier Richard C. Blum, benefited from decisions made by Feinstein as leader of this powerful subcommittee From through the end ofwith Feinstein 's knowledge, Blum was a majority owner of both URS Corp. In her annual Public Financial Disclosure Reports, Feinstein records a sizeable family income from large investments in Perini, which is based in Framingham, Mass.

Peter Byrne, "Senator Feinstein's Iraq Conflict," Metro Silicon ValleyJan. Dianne FeinsteinD-Calif. Appropriations Budget Commerce, Science, Transportation Environment and Public Works Financial Disclosure Report Deadline Extension Request 34KB [Extension for filing requested. New filing deadline was Aug. Not available as of Oct.

Elizabeth Dole R-NC Avg. Bob Dole Special Counsel, Alston and Bird LLP President, Bob Dole Enterprises, Inc. Armed Services Banking Aging Small Business and Entrepreneurship Financial Disclosure Report Community Health Systems, Inc.

Top 5 Stock Purchases in Company Amount Additional Information 1. Top 5 Stock Purchases by Spouse in Company Amount Additional Information 1. American International Group Inc. Banking Top 5 Stock Sales in Company Amount Additional Information 1. Top 5 Stock Sales by Spouse in Company Amount Additional Information 1. American International Group, Inc. Cindy Hensley McCain Chairman of the Board, Hensley Co. Armed Services Commerce, Science, Transportation Indian Affairs Financial Disclosure Report 3.

US Airways Group, Inc. US Airways Group Inc. That said, you lose transparency because it's very hard to see what's really going on in that type of structure. McCainwho sits on the Senate Subcommittee on Aviation Operations, Safety, and Security, has long been vocal on a variety of issues affecting the airlines. He has been particularly supportive of his hometown airline America West, which bought US Airways out of bankruptcy in to become US Airways Group Still, there is nothing to suggest that his wife's indirect financial interest in US Airways poses a conflict of interest for McCain.

Massie Ritsch, communications director with the Center for Responsive Politics, says it's not unusual for senators to own stock in companies over which they have political influence and it does not break any rules Nat Worden, "Picking Apart McCain's Stock Portfolio," TheStreet. Hillary Rodham Clinton D-NY Avg.

Bill Clinton 42nd US President. The Clintons were told earlier this year by federal ethics officials that they would need to reorganize their blind trust to comply with laws for presidential candidates, which differ from those for senators.

The couple chose instead to dissolve the trust on April 27 and to convert all their stocks to cash to avoid any questions about possible conflicts of interests, the Clintons' legal and financial advisers said.

Their portfolio will be limited to cash accounts and U. Treasury notes, the advisers said They recognize that this choice comes at a personal expense, both in terms of taxes and lower investment returns,' said Howard Wolfson, a spokesman for the senator's presidential campaign. John Solomon, "Clintons Dissolve Blind Financial Trust," Washington PostJune 15, Leslee "Honey" Alexander Board of Trustees, WETA Member and Vice Chairman, Corporation for Public Broadcasting Board of Directors.

It and the tax return indicate that most of their income comes from investment holdings. Tom Humphrey, "Officials Disclose Finances," Knoxville News SentinelNov. Michelle Obama Vice President for Community and External Affairs - University of Chicago Medical Center, Director, Tree House Foods, Inc. The more conventional candidates, such as the early Democratic frontrunner, Sen.

Hillary Clinton, and her Republican counterpart, Sen. John McCain, boast vast networks of investments that are typical of a public figure heading up a well-oiled political machine. Obama's investments, meanwhile, are mostly tied up in a short list of conservative mutual funds A closer look, however, shows that in he dabbled in two obscure stocks -- Skyterra Communications SKYT and AVI Biopharma AVII -- that happened to get large amounts of revenue from a source with which Obama has some familiarity: Aside from sharing the same deep-pocketed benefactor, the two have one more thing in common.

They both provide services in an area that has become a hot-button issue on Capitol Hill best rated forex robot with the electorate: In fact, it's hard to find any politicians with money in the stock market who aren't at least indirectly invested in a major government contractor, such as General Electric or Boeing.

But Obama's trades raise questions in that Skyterra Communications and AVI Biopharma are far more speculative and uncommon stocks than those blue-chip staples While there's no evidence that Obama had a role in the contracts for the companies, given his other investments, it seems an unlikely coincidence that the senator would be familiar with either company except through his work as a legislator.

Bill Burton, a spokesman for Obama's presidential campaign, says that in the process of setting up a blind trust for the senator, the stocks were recommended and purchased by a broker at UBS.

Nat Worden, "Picking Apart Obama's Stock Portfolio," TheStreet. One of the companies was a biotech concern that was starting to develop a drug to treat avian flu. Obama took the lead in a legislative push for more federal spending to battle the disease. The most recent financial disclosure form for Mr.

A spokesman for Mr. The spokesman, Bill Burton, said Mr. Obama's broker bought the stocks without consulting the senator, under the terms of a blind trust that was being set up for the senator amazon work from home lexington ky that time but was not finalized until several months after the investments were made.

Obama has made ethics a signature issue, and his quest for the presidency has benefited from the perception that he is unlike politicians who blend public and private interests. There is no evidence that any of his actions ended up benefiting either company during the roughly eight months that he owned the stocks.

Even so, the stock purchases raise questions about how he could unwittingly come to invest in two relatively obscure companies, whose backers happen to articles on stock market crash generous contributors to his political committees Burton said the trust was different stock market level when obama took office qualified blind trusts that other senators commonly used, because it was intended to allow him greater flexibility to address any accusations of conflicts that might arise from its assets.

Obama had decided to sell the stocks after receiving a communication that made him currency converter euro to pak rupees about how the trust chinese stock market ticker set up.

Mike McIntire and Christopher Drew, "In '05 Investing, Obama Took Same Path as Donors," New York TimesMar. How to Use the Charts, Methodology, and More Notes.

The regulation of legislative ethics largely rests on the public financial disclosure forms that Congressional representatives file annually. These forms allow the public to decide if a member of Congress's investments present a conflict of interest. The public financial disclosure PDFs provided in the ventura stock broker review were retrieved from OpenSecrets.

Given Senators' knowledge of pending legislation or potential appropriations for decisions that can affect the stocks of these companies, some argue that Senators who trade stocks based on any material, nonpublic legislative information should be subject to insider trading laws which they currently are not as of Sep.

Our charts focus on the top 10 richest US Senators and not Representatives because it includes presidential candidates John McCain and Hillary Rodham Clinton. Although not in the top 10, Senator and presidential candidate Barack Obama has also been included for comparison.

He was ranked 67th in the Senate according to his average net worth in The Senators are listed according lock stock and two smoking barrels streaming ita their average net worth by the end offrom highest to lowest in net worth, as calculated by the Center for Responsive Politics. For each Senator, the chart lists the top 5 publicly traded stocks owned as of Dec.

The same information is provided for the spouses and dependents of the Senator when such information was provided. The range of the dollar amounts were added up according to the ranges provided for each time the company stock was listed in the financial report. When the total investment ranges were equal for two or more companies, we listed the companies in alphabetical order.

Each committee how to make money as a notary in california which a Senator sits in the th Congressional Session is represented by a colored symbol, which is used in the "Additional Information" section.

Committees that pose potential conflicts of interest with certain investments were currency trader resume if services provided by the companies fall under the jurisdiction or oversight of the committees. Information regarding the amount of government contracts received from each company is listed for fiscal year according to federalspending.

When no particular stocks were listed forex live charts uk a Senator's financial disclosure report, we listed the top five funds or trusts that were provided in the Senator's stock options downside disclosure report.

When individual company stocks were listed, funds and trusts were left off to avoid confusion. Excepted Trusts and Qualified Blind Trusts do not require Senators to provide detailed stock investment information and are therefore not listed on the chart.

At the bottom of each chart are news articles dated since found related to the Senators' financial investments that pose as potential conflicts of interest.

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US Senator click name for details Average Net Worth of Household in 1. New deadline was Aug. John Kerry D-MA Avg. Teresa Heinz Kerry Chairman, Heinz Family Philanthropies and The Heinz Endowments not to be confused with Heinz H J Co. Commerce, Science, and Transportation Foreign Relations Finance Chair, Small Business and Entrepreneurship Financial Disclosure Report Part 1 Commerce, Science, and TransportationForeign RelationsFinanceSmall Business and Entrepreneurship Chair 2.

Heinz H J Co. Goldman Sachs Group, Inc. Capital One Financial Corp. Top 5 Stock Sales in Company Amount Additional Information 1.

The Travelers Companies Inc. Articles on Senator's Stock Trades and Potential Conflicts of Interest "Democrats argue that their criticisms of the oil industry show they are willing to do what is best for Americans despite their own financial interests Judiciary Chair, Health, Education, Labor, and Pensions Armed Services Joint Economic Committee Financial Disclosure Report 1. DFA Investment Dimensions Group Inc.

Dianne Feinstein D-CA Avg. Chair, Rules and Administration Judiciary Appropriations Intelligence Financial Disclosure Report CB Realty Finance, Inc. Intelligence and Top 5 Stock Purchases in Company Amount Additional Information [No stock purchases made in All stocks listed in Senator Clinton's financial disclosure report were held in the blind trust until assets in the trust were unblinded on Apr.

Stocks held in the trust were sold on May 11, Environment and Public Works Appropriations Health, Education, Labor, and Pensions Rules and Administration Financial Disclosure Report 1. Bright Horizons Family Solutions, Inc. Health, Education, Labor, and Pensions [No other stocks owned as of Dec.

Bright Horizon Family Solutions, Inc.

Members [of Congress] should not ''be expected to fully strip themselves of worldly goods''-even a selective divestiture of potentially conflicting assets is not required.

Unlike many officials in the executive branch, who are concerned with administration and regulation in a narrow area, a Senator exercises judgment concerning legislation across the entire spectrum of business and economic endeavors.

The wisdom of complete unlike selective divestiture may also be questioned as likely to insulate a legislator from the personal and economic interests that his or her constituency, or society in general, has in governmental decisions and policy. Insider Trading by Congress Homepage. Top 10 Richest US Senators' Top Stock Trades in US Congressional Ethics Rules on Insider Trading.

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CITE THIS PAGE Who is the author? READER FAVORITES State Laws. US Senator click name for details. Average Net Worth of Household in Extension for filing requested. Hillary Rodham Clinton D-NY. Net worth data provided by the Center for Responsive Politics. Top 5 Stocks Owned as of Dec. Commerce, Science, and TransportationForeign RelationsFinanceSmall Business and Entrepreneurship Chair. Top 5 Stock Purchases in Top 5 Stock Purchases by Spouse in Top 5 Stock Sales in Top 5 Stock Sales by Spouse in Articles on Senator's Stock Trades and Potential Conflicts of Interest.

Judiciary Appropriations Aging Financial Disclosure Report KB.

No specific stock investments provided. Fiduciary Management Large Cap Fund. Fiduciary Management Common Stock Fund. Victoria Reggie Kennedy President, Common Sense About Kids and Guns Member of the Board of Trustees, The Brady Center to Prevent Gun Violence. Kennedy Grantor - Excepted Trust.

Fidelity Commonwealth Trust Spartan Index Fund. Vanguard Growth Index Fund. Vanguard Index Funds Vanguard Value Vipers. Vanguard Index Trust Small Cap Growth Fund. Vanguard Inflation Protected Securities Fund. RS Investment TR Microcap Growth Fund. DWS Massachusetts Tax Free Fund CL S. Spartan US Equity Index Fund. Fidelity Spartan Massachusetts Municipal Income Fund. Vanguard Index Funds Vanguard Small Cap Value Vipers.

Sharon Percy Rockefeller Director, PepsiCo President and Chief Executive Officer, WETA. Commerce, Science, and Transportation Finance Chair, Intelligence Veterans' Affairs Joint Committee on Taxatio n Financial Disclosure Report KB. Teachers Insurance - Annuity Association College Retirement Equities Fund. Richard Blum Chairman, Blum Capital Partners, LP. Dreyfus Treasury Prime Cash.

CB Richard Ellis Group. Lois Lautenberg Co-Chair, Holocaust Council of MetroWest. Appropriations Budget Commerce, Science, Transportation Environment and Public Works Financial Disclosure Report Deadline Extension Request 34KB. Vanguard Emerging Markets ETF. Streettracks DJ Wilshire REIT ETF. SPDR Trust Unit Ser 1. Anheuser-Busch held by spouse and dependent children.

Armed Services Environment and Public Works Health, Education, Labor, and Pensions Aging Financial Disclosure Report Deadline Extension Request 33KB. Health, Education, Labor, and Pensions. Foreign Relations Veteran's Affairs Health, Education, Labor, and Pensions Homeland Security and Governmental Affairs Financial Disclosure Report KB.

Northern Municipal Money Market Fund held with spouse. Vanguard FTSE Social Index. Bright Directions College Savings Plan held by dependent child. Vanguard Wellesley Income Fund Investor Shares. Goldman Sachs Large Cap Value A. Top 5 Sales by Spouse in How to Use the Charts, Methodology, and More Notes The US Senate Ethics Manual states: Insider Trading Law and Regulation.

Legal Loophole for Congressional Insider Trading. Congressional Representatives' Stock Performance. Insider Trading and the Market. READER FAVORITES State Laws Debate Topics Critical Thinking Quotes Teaching Controversial Issues History Of