Financial Bailout: A Look at Gregg and Blunt
By Anupama Narayanswamy Sep 26 2008 9:03 p.m. 1 commentRep.
Roy Blunt, R-Mo., and
Sen.
Judd Gregg, R-N.H.,
will be leading the
bailout negotiation team
for Republicans in the House and Senate, respectively
. Here's a run down of some of their key assets from their
most recent
personal
financial
disclosure filings.
One of Gregg's
largest single
assets is
a
stock investment in Bank of America worth
some
where between $1,000,001 and $5,000,000
. Bank of America
is one of the leading home mortgage lenders
; since the financial crisis began, it's acquired troubled subprime lender Countrywide Financial and brokerage firm Merrill Lynch.
Other major financial sector investments that Gregg has is CitiGroup worth between $15,001 and $50,000, a company which has more than $53 billion in the present financial crisis and could benefit from the bailout.
His other financial sector investments include Capitol One and JP Morgan among other smaller ones, that is worth between $112,007 and $330,000. Other than these, through the Triumph Investment Fund Gregg has investments that range between $1001-$15,000 with at least 18 smaller financial institutions and banks across the country.
M
ost of Blunt's assets are in 401Ks
,
few of which
appear to be heavily
invested in the financial sector.
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