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.
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