Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Cryptoad

(8,254 posts)
Mon Apr 4, 2016, 03:40 PM Apr 2016

Why Is Bernie Sanders Invested On Wall Street?

Source: garnett news



Bernie Sanders’ entire campaign is based on the central themes of honesty, integrity, and trust. Sanders and his surrogates have carefully crafted his image as the only honest politician in the race, as the only person you should trust to elect as President. The argument is that while Hillary Clinton is corrupt, and beholden to big money interests, Sanders is not—he frequently touts that he doesn’t even have a Super PAC.

Perhaps Sanders biggest campaign issue is Wall Street. In the November debate, he went on record saying he believes Wall Street’s business model is illegitimate, that it is actually “fraud.” Sanders has campaigned on massive Wall Street reform, and a break-up of the big banks.
With such an anti-Wall Street platform, one would think that Sanders didn’t own any stock at all. But not only does Sanders own stock, he actually is invested in several industries that he’s heavily criticized.

Sanders has railed against the “Big Banks,” “Big Pharma,” and “Big Oil” but that hasn’t stopped him from investing in and profiting from any of those industries. I went to OpenSecrets.org to take a look at the assets Bernie Sanders reported in 2014. You can take a look at some of the funds he is invested in below:
Credit: Center For Responsive PoliticsCredit: Center For Responsive Politics





Read more: http://garnetnews.com/2016/04/04/bernie-sanders-invested-wall-street/

18 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

hobbit709

(41,694 posts)
1. Once an hour, like clockwork. The talking point orders must have gone out.
Mon Apr 4, 2016, 03:44 PM
Apr 2016

Same BS source, same BS wording in the OP.

MADem

(135,425 posts)
2. Do as I say.....
Mon Apr 4, 2016, 03:45 PM
Apr 2016
Sanders owns Pfizer, which has come under fire for raising prices for more than 100 of its drugs, some by more than 20 percent in 2016. Sanders is also invested in Novartis, whose cancer drug Gleevec costs $76,000 annually. Some estimate that the annual cost is significantly higher, possibly into the six figures. When pharmaceutical companies like Pfizer and Novartis can increase the prices of their drugs or shut out low-cost generic competition, their stock price increases. Those price increases make Sanders money.

Valic Company Dividend Value Fund

Joob

(1,065 posts)
7. Corporations own Hillary, Bernie owns Corporations
Mon Apr 4, 2016, 03:49 PM
Apr 2016

Gee how is this a bad thing? Most Americans invest.

MADem

(135,425 posts)
11. You'll get dizzy with that spin! MOST Americans invest? Really? Don't you travel in rarefied
Mon Apr 4, 2016, 04:19 PM
Apr 2016

circles!!! Most Americans I know don't invest--they're paying their bills, or trying to...!

The way I see it, HRC separates money from corporations and uses it to bring clean drinking water and direly needed health and welfare to the neediest people on our planet.


And Bernie?


He owns stocks, and he gets dividends.

How long before he throws Jane under the bus?

She did the taxes....but--even though he had to SIGN on the dotted line that he agreed with the figures,he doesn't know a thing about it!!!!

Yeah, that's leadership! Blame the wife!

 

Lizzie Poppet

(10,164 posts)
8. Just gpoing to keep spamming this horseshit, huh?
Mon Apr 4, 2016, 03:53 PM
Apr 2016

Another loyal footsoldier in Princess Weathervane's Ostrich Army off to Ignore...

Depaysement

(1,835 posts)
9. Hillary stepped up to the podium . . .
Mon Apr 4, 2016, 04:02 PM
Apr 2016

. . . for her first Goldman Sachs speech She took a deep breath and said good evening to the audience.

At that moment she had made more money off big companies than Bernie has made in his entire life.

Depaysement

(1,835 posts)
12. Not a lot
Mon Apr 4, 2016, 04:21 PM
Apr 2016

You can view his federal disclosure forms. He has filled them out for every year he's been in Congress. Yawn.



MADem

(135,425 posts)
13. He signed them--if he's pretending he didn't know, he's not the guy I want running the show.
Mon Apr 4, 2016, 04:22 PM
Apr 2016

What kind of person signs shit without reading it first?

He's blaming his WIFE for HIS taxes~!

That's pretty shady, if you ask me.

 

ThePhilosopher04

(1,732 posts)
16. Nothing wrong with Bernie being invested on Wall Street
Mon Apr 4, 2016, 04:40 PM
Apr 2016

the problem for Hillary is Wall Street is invested in her. Huge difference.

NCjack

(10,279 posts)
17. Why shouldn't Bernie Sanders own stocks? Social Democrats want
Mon Apr 4, 2016, 05:16 PM
Apr 2016

to live, work, and invest within the framework of a capitalist economy. Only capitalism has the ability to deliver the standard of living and social justice we want. But, full-time vigilance is required to remove the criminals that rob the system. Regardless of your feelings about Social Democracy, it is to your financial advantage to have an orderly, fair, and crime-free stock market. That's what we want. I'm a Bernie supporter and I own stocks traded on Wall Street. I do my research and do my best to avoid the companies operated by criminals. That's a fair standard to hold Bernie to. Is he invested or trading in companies operated by criminals (the folks that delivered the Bush crash)? If the answer is "no", then Bernie is just like most of us average Joes and Janes, just trying to make an honest buck off of investments in capitalistic companies. Nothing wrong with that.

Latest Discussions»Retired Forums»2016 Postmortem»Why Is Bernie Sanders Inv...