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For though little known by the American people, their President Obama holds all of his wealth in just two Vanguard funds, Vanguard 500 Index Fund where he has 3 accounts and the Vanguard FTSE Social Index Fund where he holds another 3 accounts, all six of which the FSB estimates will earn Obama nearly $8.5 million a year and which over 10 years will equal the staggering sum of $85 million.
The FSB further estimates in this report that through Obama’s 3 accounts in the Vanguard 500 Index Fund he stands to make another $100 million over the next 10 years as their largest stock holding is in
Originally posted by vor78
reply to post by ~Lucidity
As much as I'd like to criticize Obama for it, in fairness, I have to agree with you. Maybe he's been investing in those funds for a decade? Who knows.
Originally posted by ThaLoccster
reply to post by ~Lucidity
Seems like you're right on.
Many people hold stock in these same accounts, and similar accounts.
What every publication or person who holds out that these companies sold their stocks or some stocks in BP before the disaster omit, is the market conditions at the time of the sales.
They just want you to know that stock was sold, so that implies foreknowledge.
Using the same logic. I didn't buy stock in BP in the weeks leading up to the disaster, therefore I must have known that it was coming.
Originally posted by ISHAMAGI
Yes, but that still doesn't belie the fact that near a trillion went into the pockets of his buddy's, while jobs were decimated. Had the people, small business, schools received these funds the recovery would have been instant and sustainable.