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Sunday, October 07, 2012

Capitol Assets: Congress’s Wealthiest Mostly Shielded From Effects Of Deep Recession

If you could peer deeply into how the 535 members of Congress handle their money, what would you find?
You would see a diversity of investment strategies and results, from those who put their money into riskier, high-growth funds to those who own safe municipal bonds. The legislators range from the super-rich to the deep-in-debt, from inherited wealth to married wealth to no wealth at all. They are entrepreneurs and farmers, oilmen and ranchers, lawyers and real estate developers.
You would find that, contrary to many popular perceptions, lawmakers don’t get rich by merely being in Congress. Rich people who go to Congress, though, keep getting richer while they’re there.

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