by Mike Masnick
Mon, Oct 20th 2008 11:48pm
Red Herring is reporting on the question of where our elected officials invest their own money, noting that an awful lot of it has gone into tech companies. For example, the second, third and fourth most invested in company among Congressional members are Cisco, Microsoft, and Intel, following on GE, which had the largest number of lawmaker investors (88). Of course, the number of investors doesn't necessarily say how much is invested, as Apple leads on that list, with Congressional members having put somewhere between $6.4 million and $31 million into Apple. Elected officials only need to give a range for their investments, hence the large spread. Of course, all of the info in the article isn't really all that enlightening, as the companies that these folks are invested in are basically the same as you would find on a list of the biggest companies in the US. So, basically, our Congress critters invest in big companies, many of which are in the tech industry. That's not particularly surprising.
If you liked this post, you may also be interested in...
- Senators Whine About FCC's 25 Mbps Broadband Standard, Insist Nobody Needs That Much Bandwidth
- As Law To Backdoor Encryption Stalls, Congress Tries Backup Stupid Plan To Backdoor Encryption
- House Rushes To Gut FCC Authority To Prevent Inquiry Into Comcast Broadband Caps
- After Spending Time As Surveillance Subjects, Intelligence Oversight Committee Suddenly Performing Some Oversight
- Government Officials Think NSA Spying That 'Incidentally' Swept Up Congressional Phone Calls Still Not Enough Spying