Members of Congress Prefer to Invest in GE, Proctor & Gamble and Bank of America
Thursday, November 17, 2011
(photo: Conservative Action Alert)
Members of Congress think highly of General Electric, making it the most popular investment on Capitol Hill. Seventy-five lawmakers held a total of $3.6 million in GE stock last year, according to the Center for Responsive Politics.
It just so happens that GE thinks highly of Congress, too, spending $39 million on lobbying in 2010.
Other popular investments among representatives and senators include Procter & Gamble (62 investors, totaling $8.7 million), Bank of America (57, $2.8 million), Microsoft and Cisco Systems (each with 56) and Pfizer (51).
Political Heavy Weights Rank Among Favorite Picks (Open Secrets Blog)
OpenSecrets-Congreesional-Wealth-Nov2011 (Open Secrets)
Members of Congress Increased Personal Wealth 25% in Two Years (by Noel Brinkerhoff, AllGov)
- Top Stories
- Unusual News
- Where is the Money Going?
- U.S. and the World
- Appointments and Resignations
- Latest News
- At Present Rate of Progress, Equal Pay for Women Predicted in 170 Years
- Change in U.S. Search Warrant Rules Seen as Expanding FBI Power to Hack into Nation’s Computers
- Watchdog Groups Decry Energy Dept. Plan for Massive Above-Ground Nuclear Waste Storage
- Most Americans Believe Their Vote Won’t Count
- Majority of U.S. Students Lag in Science; Girls and Minorities Make Modest Gains