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151 current members Congress Invested in Defense Contracts

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Independem Donating Member (160 posts) Send PM | Profile | Ignore Wed Jan-05-11 08:26 PM
Original message
151 current members Congress Invested in Defense Contracts
151 current members Congress Invested in Defense Contracts

Conflict of Interest has no meaning in Washington 2006

In 2006, the investment portfolios of 151 current members—more than a quarter of Congress—had between $78.7 million and $195.5 million invested in companies that received major defense contracts (over $5 million). The portfolios include holdings in companies paid billions of dollars each month to support America’s military. These companies provided almost everything the military uses, from aircraft and weapons to medical supplies and soft drinks.

http://www.projectcensored.org/top-stories/articles/14-congress-invested-in-defense-contracts/

Conflict of interest is paying off at our expense.

A conflict of interest (COI) occurs when an individual or organization is involved in multiple interests, one of which could possibly corrupt the motivation for an act in the other.

Add On; Conflict of Interest, Members of Congress are the major investors agribusiness including migrant workers.

http://www.thirdworldtraveler.com/Factory_Farming/Meat_You_Eat.html
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panader0 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-05-11 08:37 PM
Response to Original message
1. They should recuse themselves from defense budget votes.
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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-05-11 08:50 PM
Response to Original message
2. They're stockholders more than representatives.
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mudplanet Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-11 12:23 AM
Response to Reply #2
8. They're representing their own financial interests pretty well
at the expense of the rest of us.
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Angry Dragon Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-05-11 09:14 PM
Response to Original message
3. Congress is exempt from insider trading laws
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girl gone mad Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-05-11 10:47 PM
Response to Original message
4. Welfare Queens. n/t
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-05-11 10:59 PM
Response to Original message
5. And check out the top fat cats:
Edited on Wed Jan-05-11 11:00 PM by chill_wind
Lawmakers with the most money invested in companies with DoD contracts include Sen. John Kerry (D-Mass), with up to $38,209,020; Rep. Rodney Frelinghuysen (R-NJ), with $49,140,000; Rep. Robin Hayes (R-NC), with $37,105,000; Rep. James Sensenbrenner Jr. (R-Wis), with $7,612,653; Rep. Jane Harman (D-Calif), with $6,260,000; Rep. Fred Upton (R-Mich), with $8,360,000; Sen. Jay Rockefeller (D-WVa), with $2,000,002; Rep. Tom Petri (R-Wis), with $5,800,000; Rep. Kenny Ewell Marchant (R-Texas), with $1,163,231; and Rep. John Carter (R-Texas), with up to $5,000,000.
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ladjf Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-05-11 11:04 PM
Response to Original message
6. What kind of a Government would tolerate this obvious conflict
of interest? nt
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classysassy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-11 12:02 AM
Response to Original message
7. " A ship of fools"
continue to support the corrupt captain of their ship.
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Citizen Worker Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jan-06-11 02:18 AM
Response to Original message
9. That's where most of our money goes. This shouldn't come as a surprise it's the capitalist economic
system working as planned.
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