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(CNBC) Asinine Slideshow of the Top Ten inside traded stocks   (cnbc.com) divider line 41
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3004 clicks; posted to Politics » on 16 Nov 2011 at 9:24 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



41 Comments   (+0 »)
   
 
2011-11-16 09:27:38 AM
I am sure that this in no way affects how they vote...no really...crickets...
 
2011-11-16 09:27:42 AM
The only one I found surprising was Cisco. I haven't heard about them needing any special favors from congress lately.
 
2011-11-16 09:29:39 AM
BizarreMan: The only one I found surprising was Cisco. I haven't heard about them needing any special favors from congress lately.

Depending on the outcome of the Net Neutrality debate, there could be several new types of router for them to manufacture.
 
2011-11-16 09:31:58 AM
qorkfiend: BizarreMan: The only one I found surprising was Cisco. I haven't heard about them needing any special favors from congress lately.

Depending on the outcome of the Net Neutrality debate, there could be several new types of router for them to manufacture.


More likely security apps. Can't have an Arab spring style moment here...
 
2011-11-16 09:34:12 AM
Why are you people so obsessed with what Congressmen do with their money? If you look at the values of their investments, it's not really huge amounts.

There are more important things we should be focusing on.....like impeaching Obama, a truly crooked politician (unlike these minor players focused on here)
 
2011-11-16 09:37:26 AM
qorkfiend: BizarreMan: The only one I found surprising was Cisco. I haven't heard about them needing any special favors from congress lately.

Depending on the outcome of the Net Neutrality debate, there could be several new types of router for them to manufacture.


The Great US Firewall is coming.

To save the children.
 
2011-11-16 09:42:07 AM
mcreadyblue: The Great US Firewall is coming.

To save the children.


No one could put enough sarcasm in this to make me feel better. :(
 
2011-11-16 09:43:32 AM
Wow totally scandalous. The list of 10 companies reads like a whos who of an investment portfolio default setting.
 
2011-11-16 09:50:36 AM
I'd be more upset if they invested in a bunch of small-cap companies who magically got huge government contracts/loans which enabled them to grow beyond what the market would normally allow them to. There isn't a good risk/reward ratio in moving ATT stock 5 cents.
 
2011-11-16 09:51:50 AM
I have mixed feelings on this one... a better list would be small cap stocks in which Congress invests that suddenly get government contracts.
 
2011-11-16 09:52:16 AM
I think there is a huge difference between owning some of the most heavily traded stocks in the world vs. selling/buying a stock based on insider information.
 
2011-11-16 09:52:20 AM
Giltric: Wow totally scandalous. The list of 10 companies reads like a whos who of an investment portfolio default setting.

My thoughts exactly. 10 of the most stable "blue chip" companies are among the stocks that Congress puts their investment money in? Wow...what a scandal...
 
2011-11-16 09:54:56 AM
So no one else has to click through a stupid slideshow:

10. Exxon Mobil (XOM)


Members invested: 42
Total value of holdings (max.): $11.09 million
Total value of holdings (min.): $2.74 million

Top Congressional Investors
John Carter (R.-Texas) - $1 million to $5 million
F. James Sensenbrenner Jr. (R.-Wis.) - $551,185 to $1.05 million
Michael McCaul (R.-Texas) - $500,002 to $1 million

9. AT&T (ATT)

Members invested: 44
Total value of holdings (max.): $4.08 million
Total value of holdings (min.): $2.23 million

Top Congressional Investors
John Kerry (D.-Mass.) - $1.52 million to $2.07 million
F. James Sensenbrenner Jr. (R.-Wis.) - $105,877 to $255,876
Richard L Hanna (R.-N.Y.) - $100,001 to $250,000

8. Wells Fargo (WFC)

Members invested: 45
Total value of holdings (max.): $4.28 million
Total value of holdings (min.): $1.71 million

Top Congressional Investors
John Kerry (D.-Mass.) - $351,003 to $765,000
Sander Levin (D.-Mich.) - $250,001 to $500,000
David Vitter (R.-La.) - $126,007 to $365,000

7. Intel (INTC)

Members invested: 47
Total value of holdings (max.): $3.21 million
Total value of holdings (min.): $1.28 million

Top Congressional Investors
John Kerry (D.-Mass.) - $602,005 to $1.28 million
Michael McCaul (R.-Texas) - $200,002 to $500,000
Jane Harman (D.-Calif.) - $130,003 to $350,000

6. Pfizer (PFE)

Members invested: 51
Total value of holdings (max.): $4.61 million
Total value of holdings (min.): $2.04 million

Top Congressional Investors
John Kerry (D.-Mass.) - $752,004 to $1.53 million
F. James Sensenbrenner Jr. (R.-Wis.) - $507,005 to $1 million
Kurt Schrader (D.-Ore.) - $265,002 to $550,000

5. Cisco Systems (CSCO)

Members invested: 56
Total value of holdings (max.): $3.24 million
Total value of holdings (min.): $1.27 million

Top Congressional Investors
John Kerry (D.-Mass.) - $602,005 to $1.28 million
Richard L Hanna (R.-N.Y.) - $100,000 to $250,000
Jane Harman (D.-Calif.) - $100,000 to $200,000

4. Microsoft (MSFT)

Members invested: 56
Total value of holdings (max.): $6.43 million
Total value of holdings (min.): $3.22 million

Top Congressional Investors
John Kerry (D.-Mass.) - $1.77 million to $2.55 million
Michael McCaul (R.-Texas) - $515,003 to $1.05 million
Jane Harman (D.-Calif.) - $130,003 to $350,000

3. Bank of America (BAC)

Members invested: 57
Total value of holdings (max.): $5.41 million
Total value of holdings (min.): $2.83 million

Top Congressional Investors
Rodney Frelinghuysen (R.-N.J.) - $1.02 million to $1.08 million
John M. Spratt Jr. (D.-S.C.) - $500,001 to $1 million
Dianne Feinstein (D.-Calif.) - $500,001 to $1 million

2. Procter & Gamble (PG)

Members invested: 62
Total value of holdings (max.): $39.42 million
Total value of holdings (min.): $8.72 million

Top Congressional Investors
Rodney Frelinghuysen (R.-N.J.) - $7.07 million to $35.15 million
Michael McCaul (R.-Texas) - $200,002 to $500,000
James B. Renacci (R.-Ohio) - $180,485 to $222,482

1. General Electric (GE)

Members invested: 75
Total value of holdings (max.): $11.41 million
Total value of holdings (min.): $3.58 million

Top Congressional Investors
Darrell Issa (R.-Calif.) - $1 million to $5 million
John Kerry (D.-Mass.) - $616,004 to $1.315 million
Michael McCaul (R.-Texas) - $400,003 to $850,000
 
2011-11-16 09:56:08 AM
This is a stupid list, the way they compiled it was the problem. Obviously you'd keep the bulk of your money in safer stocks and then you'd make more risky(this part not risky for congress because they are involved in criminal activity) stock purchases with a smaller pool of money.
 
2011-11-16 09:59:39 AM
John Kerry is a rich motherfarker
 
2011-11-16 10:02:03 AM
greenbowlpacker: John Kerrys wife is a rich motherfarker

FTFY
 
2011-11-16 10:02:07 AM
A slideshow that reloads the flash on every page? No thanks.
 
2011-11-16 10:04:53 AM
mcreadyblue: qorkfiend: BizarreMan: The only one I found surprising was Cisco. I haven't heard about them needing any special favors from congress lately.

Depending on the outcome of the Net Neutrality debate, there could be several new types of router for them to manufacture.

The Great US Firewall is coming.

To save the children.


And also the RIAA.
 
2011-11-16 10:05:41 AM
"Inside" is truly an assumption here. These are amongst the most heavily traded, widely held securities. I see no evidence being supplied to show they trade ahead of govt votes that would impact the companies.
 
2011-11-16 10:24:40 AM
qorkfiend: BizarreMan: The only one I found surprising was Cisco. I haven't heard about them needing any special favors from congress lately.

Depending on the outcome of the Net Neutrality debate, there could be several new types of router for them to manufacture.


[time_to_stop_posting.jpg]

Per-channel rate-limiting is pretty straightforward. 256Kbit synch for everyone!!1! So, the network *could* provide the customer 20Mbps down from Hulu, but that wouldn't be fair, so limit it to the lowest common denominator.

Where Cisco got rich off the government were when they were the only game in town if you wanted a certified and accredited network. Most of the other vendors have finally paid the ransom for certification of 25 year-old encryption technologies.
 
2011-11-16 10:46:36 AM
I own 3 of those. Why am I not rich and having sex with interns?
 
2011-11-16 10:48:55 AM
Giltric: greenbowlpacker: John Kerrys wife is a rich motherfarker

FTFY



And she's hot in the sack.

/57 varieties
 
2011-11-16 11:07:24 AM
How do these correlate with the top ten traded stocks in general?
 
2011-11-16 11:18:59 AM
Terlis: Giltric: Wow totally scandalous. The list of 10 companies reads like a whos who of an investment portfolio default setting.

My thoughts exactly. 10 of the most stable "blue chip" companies are among the stocks that Congress puts their investment money in? Wow...what a scandal...


It looks exactly the same as any other baby boomer who is trying to make sure their retirement fund doesn't tank any more, or is looking for the dividends for income (though admittedly, I'm not sure which of those stocks pays dividends).

Besides, the real story isn't what they own and how much, it's what they buy and when they buy it.
 
2011-11-16 11:19:02 AM
Lost Thought 00: I'd be more upset if they invested in a bunch of small-cap companies who magically got huge government contracts/loans which enabled them to grow beyond what the market would normally allow them to. There isn't a good risk/reward ratio in moving ATT stock 5 cents.

obrag.org

And some people in this thread need to ask themselves why these stocks are so safe/popular in the first place.
 
2011-11-16 12:29:07 PM
EWreckedSean: I am sure that this in no way affects how they vote...no really...crickets...

Of course not! I'm sure if Rodney Frelinghuysen (R-NJ) is ever called upon to vote on legislation that affects the bottom line of Procter & Gamble, the $35 million in stock he owns won't be weighing on his mind in the least.
 
2011-11-16 12:36:55 PM
mcreadyblue: qorkfiend: BizarreMan: The only one I found surprising was Cisco. I haven't heard about them needing any special favors from congress lately.

Depending on the outcome of the Net Neutrality debate, there could be several new types of router for them to manufacture.

The Great US Firewall is coming.

To save the children.


America has many enemies, who have many weapons. Some threats are obvious - bombs, poisons, and biological agents. We have implemented safeguards against these.

But some threats are not so obvious. They do not threaten our physical safety. Instead, they threaten Americans' belief in the justice of our cause, and sap our will to fight. These thought weapons are beamed into our homes, our businesses, even our places of worship. They threaten our economic system by hijacking the computing resources of American businesses, and robbing them of the profits derived from their intellectual property.

Until now, America had no defense against these insidious threats. But now, my fellow Americans, I am pleased to announce that we have taken measures to eliminate that vulnerability.

The American Electronic Access Gateway for Law Enforcement (American EAGLE) Act is a bill that authorizes funding for an initiative that will protect all Americans behind a virtual fortress. No pernicious information from unapproved sources - Al-Jazeera, the BBC, or Compuserve - will be allowed to pollute the minds of our citizens. The finest computer experts from Silicon Valley and every American intelligence agency have been enlisted to ensure that no unauthorized access can possibly leak through our defenses - whether trying to get in, or trying to get out.

And this won't just stop terrorist propaganda. Americans will no longer have to live in fear of identity theft from the Russian mafia; child pornography; spam, spyware, and viruses from foreign internet servers; or subversive music and movies spread by computer pirates.

Please call your Representative and Senators. Tell them how important it is to you that America keeps our electronic defenses strong, and ready to face the threats of the twenty first century. Tell them to support the American EAGLE Act.
 
2011-11-16 12:46:31 PM
i26.photobucket.com
 
2011-11-16 01:05:08 PM
farm1.static.flickr.com
 
2011-11-16 01:12:22 PM
Why are you people so obsessed with what Congressmen do with their money? If you look at the values of their investments, it's not really huge amounts.

There are more important things we should be focusing on.....like impeaching Obama, a truly crooked politician (unlike these minor players focused on here)


Well, here's the thing, It's that...

Citrus Shindig:

Oh, nevermind. Heh.
 
2011-11-16 01:46:59 PM
jigger: How do these correlate with the top ten traded stocks in general?

I'd like to know that too.

I'd also like to buy into a mutual fund that invests in the relative ratio of stock ownership in congress. Like a vice fund, but more corrupt.
 
2011-11-16 02:47:58 PM
Rick Perry
Shot in the back by Buford Tannen over a matter of eighty dollars
 
2011-11-16 03:43:42 PM
Someone needs to create an ETF that tracks congress's returns.

Funny how someone hired to make laws for the country is somehow better at picking stocks than professional hedge fund managers.

Its ridiculous that insider trading is actually legal if you're in congress.
 
2011-11-16 04:24:55 PM
All I really got was that John Kerry invests in a lot of stable companies

/and BoA
 
2011-11-16 04:46:00 PM
johnnieconnie: So no one else has to click through a stupid slideshow:

10. Exxon Mobil (XOM)

Members invested: 42
Total value of holdings (max.): $11.09 million
Total value of holdings (min.): $2.74 million

Top Congressional Investors
John Carter (R.-Texas) - $1 million to $5 million
F. James Sensenbrenner Jr. (R.-Wis.) - $551,185 to $1.05 million
Michael McCaul (R.-Texas) - $500,002 to $1 million

9. AT&T (ATT)

Members invested: 44
Total value of holdings (max.): $4.08 million
Total value of holdings (min.): $2.23 million

Top Congressional Investors
John Kerry (D.-Mass.) - $1.52 million to $2.07 million
F. James Sensenbrenner Jr. (R.-Wis.) - $105,877 to $255,876
Richard L Hanna (R.-N.Y.) - $100,001 to $250,000

8. Wells Fargo (WFC)

Members invested: 45
Total value of holdings (max.): $4.28 million
Total value of holdings (min.): $1.71 million

Top Congressional Investors
John Kerry (D.-Mass.) - $351,003 to $765,000
Sander Levin (D.-Mich.) - $250,001 to $500,000
David Vitter (R.-La.) - $126,007 to $365,000

7. Intel (INTC)

Members invested: 47
Total value of holdings (max.): $3.21 million
Total value of holdings (min.): $1.28 million

Top Congressional Investors
John Kerry (D.-Mass.) - $602,005 to $1.28 million
Michael McCaul (R.-Texas) - $200,002 to $500,000
Jane Harman (D.-Calif.) - $130,003 to $350,000

6. Pfizer (PFE)

Members invested: 51
Total value of holdings (max.): $4.61 million
Total value of holdings (min.): $2.04 million

Top Congressional Investors
John Kerry (D.-Mass.) - $752,004 to $1.53 million
F. James Sensenbrenner Jr. (R.-Wis.) - $507,005 to $1 million
Kurt Schrader (D.-Ore.) - $265,002 to $550,000

5. Cisco Systems (CSCO)

Members invested: 56
Total value of holdings (max.): $3.24 million
Total value of holdings (min.): $1.27 million

Top Congressional Investors
John Kerry (D.-Mass.) - $602,005 to $1.28 million
Richard L Hanna (R.-N.Y.) - $100,000 to $250,000
Jane Harman (D.-Calif.) - $100,000 to $200,000

4. Microsoft (MSFT)

Members invested: 56
Total value of holdings (max.): $6.43 million
Total value of holdings (min.): $3.22 million

Top Congressional Investors
John Kerry (D.-Mass.) - $1.77 million to $2.55 million
Michael McCaul (R.-Texas) - $515,003 to $1.05 million
Jane Harman (D.-Calif.) - $130,003 to $350,000

3. Bank of America (BAC)

Members invested: 57
Total value of holdings (max.): $5.41 million
Total value of holdings (min.): $2.83 million

Top Congressional Investors
Rodney Frelinghuysen (R.-N.J.) - $1.02 million to $1.08 million
John M. Spratt Jr. (D.-S.C.) - $500,001 to $1 million
Dianne Feinstein (D.-Calif.) - $500,001 to $1 million

2. Procter & Gamble (PG)

Members invested: 62
Total value of holdings (max.): $39.42 million
Total value of holdings (min.): $8.72 million

Top Congressional Investors
Rodney Frelinghuysen (R.-N.J.) - $7.07 million to $35.15 million
Michael McCaul (R.-Texas) - $200,002 to $500,000
James B. Renacci (R.-Ohio) - $180,485 to $222,482

1. General Electric (GE)

Members invested: 75
Total value of holdings (max.): $11.41 million
Total value of holdings (min.): $3.58 million

Top Congressional Investors
Darrell Issa (R.-Calif.) - $1 million to $5 million
John Kerry (D.-Mass.) - $616,004 to $1.315 million
Michael McCaul (R.-Texas) - $400,003 to $850,000


You're a hero, I'm just disappointed it took this long for someone to post it.

/really cnbc? reloading the WHOLE page?
 
2011-11-16 06:06:14 PM
Citrus Shindig: hy are you people so obsessed with what Congressmen do with their money? If you look at the values of their investments, it's not really huge amounts.

your name means lemonparty, your argument is invalid
 
2011-11-16 06:34:00 PM
I knew GE would be number one. Since they paid no taxes on the 12 Billion profits, I guess the shareholders... 75 of them in Congress, must have gotten a sweet bonus.

Our elected officials are crooks.
 
2011-11-16 09:02:18 PM
Where's Heinz ketchup? Kerry has billions invested in ketchup.
 
2011-11-16 09:32:09 PM
Chimperror2: Where's Heinz ketchup? Kerry has billions invested in ketchup.


Actually it's Kerry's wifey that has the Big Ketchup money.

Not that John doesn't like to dip his french fry on occasion.
 
2011-11-16 09:52:01 PM
Amos Quito: Giltric: greenbowlpacker:

And she's (Teresa Heinz Kerry) hot in the sack.

/57 varieties


abowlofstupid.com
 
2011-11-17 02:14:39 AM
jigger: How do these correlate with the top ten traded stocks in general?

9 of the 10 are in the top 25 most widely held stocks in the US only one that is not is exxon but its not surprising that a bunch of right wing nutts have money in oil (its in the top 50 just not top 25)
 
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