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Her Sister

(6,444 posts)
Mon Apr 4, 2016, 10:39 PM Apr 2016

BS Brand of Purity~ Bernie Sanders Assets

Long Article

A Fool's Paradise: How Bernie Sanders' Brand of Political Purity Duped America
http://www.thepeoplesview.net/main/2016/4/4/holier-than-thou-how-bernie-sanders-political-purity-was-always-a-myth

But that wasn't the worst part. Because, when you run on a platform of political purity your followers expect you to maintain that purity through thick and thin. Unfortunately for Sanders, his seeming indifference to release his tax returns has opened up a whole Pandora's box for the online community trying to see what, if anything, Sanders may be hiding. People have been flocking to Sanders' OpenSecrets.org page, a website devoted to tracking political candidates and their personal finances as well as their campaign contributions.
According to the site, Sanders' assets are heavily invested in Wall Street corporations including big banks and big pharma and even has holdings in Diamondback Energy, an energy company out of Texas that rakes in the money through the process of fracking.


Oops.

Of course, anybody with significant assets has a variety of financial holdings that they may or may not be aware of. And nobody is implying that Bernie Sanders is supporting fracking or Wall Street simply because he has stock in certain companies, just like millions of Americans who participate in the stock market and don't let their investments dictate how they live their lives. However, the main issue here is that Bernie Sanders proclaimed himself to be a paradigm of virtue, and thus, he should now be called on his glaring hypocrisy. He may think that the business model of Wall Street is "fraud" as he said in a November debate but he also has to look himself in the mirror and realize that like millions of Americans, he actually relies on Wall Street investments to help support himself and his family. Wall Street may have some corrupt individuals in certain sectors, but as a whole it can even help a typical American, even one who believes the entire industry to be inherently evil.
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BS Brand of Purity~ Bernie Sanders Assets (Original Post) Her Sister Apr 2016 OP
Bernie Sanders Assets Her Sister Apr 2016 #1
https://www.opensecrets.org/pfds/assets.php?year=2014&cid=N00000528 Her Sister Apr 2016 #2
Hmmmmmm...wouldn't all that make it unlikely pandr32 Apr 2016 #23
He didn't dupe "America", just a sliver of her Rose Siding Apr 2016 #3
What are you trying to say? Bernie Sanders has some investments, what is so strange about that? blanesane Apr 2016 #4
Post removed Post removed Apr 2016 #6
It wasn't too long ago GP6971 Apr 2016 #14
I think he already did jmowreader Apr 2016 #16
lol! Her Sister Apr 2016 #18
His (and her) investments are more than half his "reported" net worth. George II Apr 2016 #9
All those years in Congress and what exactly did he accomplish? Hillary and President Cha Apr 2016 #12
He said Wall Street's business model is based on fraud. SunSeeker Apr 2016 #15
You were so impressed with Bernie 72DejaVu Apr 2016 #17
I'm glad this is finally getting out - I tried to point this out back in the fall, got rebuffed. George II Apr 2016 #5
Not smart to take and claim high purity ground Her Sister Apr 2016 #7
Political Purity: Her Sister Apr 2016 #8
Thank you! Kath1 Apr 2016 #10
Thanks much! The comments are interesting reading too! Lucinda Apr 2016 #11
Sanders DEMONIZES Wall St. Yes, it needs oversight and regulation KittyWampus Apr 2016 #13
I got the feeling that he did not want to release Full Taxes before NY!! Her Sister Apr 2016 #19
Diamondback Energy Executive Compensation Haveadream Apr 2016 #20
wow!? Getting more and more interesting! Her Sister Apr 2016 #21
Who is Steve West? Haveadream Apr 2016 #22
 

Her Sister

(6,444 posts)
2. https://www.opensecrets.org/pfds/assets.php?year=2014&cid=N00000528
Mon Apr 4, 2016, 10:43 PM
Apr 2016

Bernie Sanders (I-Vt)

Assets
Year: 2014
Found 30 assets totaling $188,027 to $774,000 in 2014
Organization Value
CREF Bond Market Account $1,001 to $15,000
CREF Global Equities Fund $15,001 to $50,000
CREF Growth Account $15,001 to $50,000
CREF Inflation-Linked Bond Account $0 to $1,000
CREF Social Choice Account $1,001 to $15,000
CREF Stock Account $15,001 to $50,000
Defined Contribution Plan $0 to $1,000
TIAA Access Mid-Cap Growth $1,001 to $15,000
TIAA Real Estate Account $15,001 to $50,000
TIAA Traditional Annuity $50,001 to $100,000
Valic Aggressive Growth Fund $1,001 to $15,000
Valic Asset Alloc Fund $15,001 to $50,000
Valic Core Equity Fund $1,001 to $15,000
Valic Div Value Fund $1,001 to $15,000
Valic Govt Securities Fund $1,001 to $15,000
Valic International Equities Fund $1,001 to $15,000
Valic International Govt Bond Fund $0 to $1,000
Valic Mid Cap Index Fund $15,001 to $50,000
Valic Mod Growth Fund $1,001 to $15,000
Valic Money Market Fund $0 to $1,000
Valic Science & Tech Fund $1,001 to $15,000
Valic Small Cap Fund $16,002 to $65,000
Valic Social Awareness Fund $1,001 to $15,000
Valic Socially Resp Fund $15,001 to $50,000
Valic Stock Fund $1,001 to $15,000
Valic Strategic Bond Fund $1,001 to $15,000
Vanguard Li Fgro $1,001 to $15,000
Vanguard Li Fmod $1,001 to $15,000
Vanguard Lt Inv Grade $1,001 to $15,000
Vanguard Lt Trsry $1,001 to $15,000

pandr32

(11,605 posts)
23. Hmmmmmm...wouldn't all that make it unlikely
Tue Apr 5, 2016, 11:39 AM
Apr 2016

...he would go after "Wall Street" if he won? After all, he would want all his accounts and funds to grow.

 

blanesane

(8 posts)
4. What are you trying to say? Bernie Sanders has some investments, what is so strange about that?
Mon Apr 4, 2016, 10:45 PM
Apr 2016

Many people have investments on Wall Street. He never said Wall Street shouldn't invest, he said they shouldn't take unneeded risk and bring the entire house down on our heads. Thanks for posting that anyway, his investments barely top $100,000. I get more impressed with the guy the more I find out about him. All those years in congress and he never sold out. Just incredible.

Response to blanesane (Reply #4)

GP6971

(31,203 posts)
14. It wasn't too long ago
Mon Apr 4, 2016, 11:19 PM
Apr 2016

you were considered a SUPER NEWBIE. Tone it down please and direct the poster to where they should be posting. . If they are a troll, they will out themselves

Cha

(297,574 posts)
12. All those years in Congress and what exactly did he accomplish? Hillary and President
Mon Apr 4, 2016, 11:12 PM
Apr 2016

Obama get things done. BS not so much.. he just talks a lot and accuses others when he's not as pure as he'd like us to think. Don't be a hypocrite berni.

SunSeeker

(51,664 posts)
15. He said Wall Street's business model is based on fraud.
Tue Apr 5, 2016, 01:17 AM
Apr 2016

Yet half his investments are in Wall Street. Kinda hypocritical, don't you think?

And that's on top of the VERY generous Congressional pension he has coming to him.
http://www.bankrate.com/finance/retirement/retirement-benefits-for-congress.aspx

And he won't even list all the properties he owns. The rest he hides in his wife's name. http://www.politico.com/story/2015/07/bernie-sanders-wife-accounts-for-reported-assets-120261

It's all to create this false narrative that he's a proletariat like you, when in fact he is a millionaire -- part of the very class he rails against. Kinda hard for him to say you can't trust Hillary because she's a millionaire when he himself is a millionaire.

72DejaVu

(1,545 posts)
17. You were so impressed with Bernie
Tue Apr 5, 2016, 05:00 AM
Apr 2016

that you made this your very first post?

I think what impressed you was your paycheck.

Man, the string must be running out for Team Slanders, they can't even keep up the quality of their hires anymore.

George II

(67,782 posts)
5. I'm glad this is finally getting out - I tried to point this out back in the fall, got rebuffed.
Mon Apr 4, 2016, 10:47 PM
Apr 2016

Now it seems that people are starting to realize that he's not the idealist he claims to be - just another opportunist relying on Wall Street to make money for him.

 

Her Sister

(6,444 posts)
7. Not smart to take and claim high purity ground
Mon Apr 4, 2016, 10:50 PM
Apr 2016

for yourself! Great that you knew what was up earlier! GOOD BEE-ESS Read!!!

 

Her Sister

(6,444 posts)
8. Political Purity:
Mon Apr 4, 2016, 10:53 PM
Apr 2016
Because from the beginning, Bernie Sanders' political purity was an act, perpetrated on the world's greatest stage. It sounds great to be anti-Wall Street but it's another thing entirely to pull your savings and investments just because they might be helping the big banks, big pharma, or big energy corporations. It sounds great to criticize your opponent for not releasing her speech transcripts but it's another thing entirely to release your own tax returns. It sounds great to criticize your opponent for being beholden to super PACs but it's another thing entirely when you've found you need them yourself to be competitive in a national campaign. It sounds great to run as the anti-war candidate but it's another thing to admit you voted for NATO intervention in Yugoslavia, the Authorization of Use for Military Force, which legally authorized the War on Terror, and that you were a co-sponsor for regime change in Libya. And it sounds great to criticize the military-industrial complex, but it's another thing to admit you support the system entirely because it provides jobs to your home state of Vermont.


http://www.thepeoplesview.net/main/2016/4/4/holier-than-thou-how-bernie-sanders-political-purity-was-always-a-myth

HRC GROUP READY!
 

KittyWampus

(55,894 posts)
13. Sanders DEMONIZES Wall St. Yes, it needs oversight and regulation
Mon Apr 4, 2016, 11:17 PM
Apr 2016

But the fact he needs a demon indicates a capacity for demagoguery I find unacceptable.

 

Her Sister

(6,444 posts)
19. I got the feeling that he did not want to release Full Taxes before NY!!
Tue Apr 5, 2016, 09:04 AM
Apr 2016

And now I see that my feeling kinda was correct! Makes sense! Wall Street!
Wondering how much he wants that pre-NY debate now!?
I am a NY voter, so NOT appreciating this at all!

TRUST ONLY HER!

Haveadream

(1,630 posts)
20. Diamondback Energy Executive Compensation
Tue Apr 5, 2016, 09:47 AM
Apr 2016

in 2014 was up 216.38%. Revenues for the same period were down 9.88%. Total executive compensation: $15.9million compared to previous period of $5.03 million

http://insiders.morningstar.com/trading/executive-compensation.action?t=FANG

Their strategy for investors is expansion of land acquisition and drilling:


Grow Production and Reserves by developing our oil-rich resource base. We intend to actively drill and develop our acreage base in an effort to maximize its value and resource potential. Through the conversion of our undeveloped reserves to developed reserves, we will seek to increase our production, reserves and cash flow while generating favorable returns on invested capital.

Focus on Increasing Hydrocarbon Recovery through horizontal drilling and increased well density. We believe there are opportunities to target various intervals in the Wolfberry play with horizontal wells. [THAT'S FRACKING] Our horizontal drilling program is designed to further capture the upside potential that may exist on our properties. We also believe our horizontal drilling program may significantly increase our recoveries per section as compared to drilling vertical wells alone.


http://www.diamondbackenergy.com/about/strategy


 

Her Sister

(6,444 posts)
21. wow!? Getting more and more interesting!
Tue Apr 5, 2016, 10:00 AM
Apr 2016

Really he gotta release those full returns! Why is he so special! What about transparency from the pure one!

Haveadream

(1,630 posts)
22. Who is Steve West?
Tue Apr 5, 2016, 10:35 AM
Apr 2016

Bernie's investments are in good hands:

Steve West is Diamondback's Chairman of the Board. Windsor Permian is a subsidiary of Diamondback Energy Inc.

http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=113868520

[blockquote/]
Windsor Permian is a big corporation. How do we judge them? How do we figure out how they are going to treat our community? Who is the "responsible adult" in charge? Do they care about our environment?

So what kind of company is the parent company, Windsor Energy? Let's look at the Chief Executive Officer.

According to the Windsor Energy Web site, Steve West is the CEO of Windsor Energy INC.
As of May 11th 2011 Business Week reported his age as 50 years old. According to Business Week Mr West has at least three other jobs with related companies. He seems like a banking kind of guy. In the past he worked at a number of banks including Lehman Brothers and he was the treasurer for IndyMac (failed July 11th 2008) Bank. I'm not saying anyone should hate this guy or these companies. I am only saying Look at who we are dealing with. They don't want to be our neighbor, they want their "opportunistic investing" to be our neighbor.


Turns out Windsor Energy Corporation is owned by Wexford Capital which is a hedge fund that focus's on energy. According to Seekingalpha.com Wexford Capital manages 7 billion dollars in assets. The Wexford web site says they specialize in "opportunistic investing"


In essence we have a 7 billion dollar hedge fund protected by at least two layers of limited liability corporations telling us they are going to take good care of the land and follow the rules. The guy in charge is a banker who used to work for Lehman Brothers.


Lehman Brothers was the beginning of our mortgage crisis. Wikepedia says the federal government put 138 billion dollars into the Lehman Brothers situation. West was also the treasurer for IndyMac Bank which wikipedia says was the 7th largest loan originator in America and failed on July 11th of 2008.


These are the kind of folks who are saying to us, "trust us, we are just a little sand mining operation", "trust us, we will follow the rules". Who is going to bail us out if this company makes a mess out of our environment?

http://www.everythingredwing.com/nosand/who_is_windsor_permian.htm

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