Wednesday, October 26, 2016

Color Me Unsurprised

The Daily Beast:
Green Party Presidential Nominee Jill Stein has largely based her campaign on her uncompromising positions on the environment, opposition to big banks and Wall Street, defense contractors, and the pharmaceutical industry. But an analysis of her financial disclosures, which she was required to file as a presidential candidate, show that she is heavily invested in the very industries that she maligns the most and as a result of her investments, she has built significant wealth.
...Stein has invested $995,011 to $2.2 million in funds such as the Vanguard 500 fund that maintain significant stakes in Exxon and other energy companies like Chevron, Duke Energy, Conoco Phillips, and Toho Gas, a Japanese company that engages in the sale of natural gas, tar, and coke, a fuel made from coal.
Stein has invested roughly $1.2 to $2.65 million in funds like the TIAA-CREF Equity Index that have big stakes in the financial services industry. Holdings in these funds include big banks like JP Morgan Chase, Citigroup and Deutsche Bank as major parts of their investment portfolios. Five of the funds that Stein invests in maintain large positions in Wells Fargo Bank, which has come under fire recently amid charges that its employees being pressured to force clients to open up fraudulent new accounts.
In one of the handful of direct stock investments Stein holds, she listed between $50,001 and $100,000 in the pharmaceutical giant Merck, which paid a record fine for over-billing Medicaid. She has also invested $1,130,010 to $2,400,000 in funds that maintain significant stakes in Pfizer, Novartis, Johnson and Johnson, and Allergan.
And it just kinda goes on from there, including Big Tobacco and Defense Giants like Raytheon.

It's hard to keep your money out of the hands of the bad guys, but when you're basically making your living slagging the bad guys, you need to make a better effort not to help fund them with your investment dollars.

Cuz, y'know - uh - Green Party(?) 


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