Tuesday, August 19, 2014

Michigan Dem slammed AIG while investing heavily in bailed out firm

The Washington Free Beacon reports:
Gary Peters profited from an investment in bailed-out AIG, a firm he criticized for its bonuses during the recession.

The Michigan Democrat’s financial disclosure forms from 2009 to 2013 show that Peters held American International Group (AIG) bonds valued between $15,001 and $50,000 through a retirement account. He reported earning between $1,001 and $2,500 in profit on the bonds in three of the four disclosures.

Peters is heavily invested in the stock market and an active trader whose investments have made him a millionaire.
Some people get into politics to make money through special privileges. It's great to have Eric Holder as your "goalie" as Glenn Reynolds would say.