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Pelosi, Kerry May Share Investor Pain as AIG Stakes Evaporate

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.....more
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GoophyDog · Posted: Sat Sep 20, 2008 6:11 pm Post subject:

More interesting would be to know if, at the time of the fall, both of these stellar individuals still had that much in AIG or if they had already sold off.
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TEWSPilot · Posted: Sat Sep 20, 2008 6:43 pm Post subject:

Indeed!

Didn't Martha Stewart go to prison for acting on insider trading? With the scoundrels being outed now who were supposed to be overseeing these institutions robbing them blind and accumulating millions in campaign contributions and outright gifts and sweetheart deals galore, it would be fitting indeed if they had been double crossed and told to buy Countrywide and some of the others that failed just before they collapsed.