Calling all populists: Go to your fainting couch immediately.
From ABC News: “Valerie Jarrett’s financial disclosure form filed May 4 lists a line of credit from a Bermuda insurance company valued between $100,000 and $250,000.” Tax experts are saying that her line of credit seems legally innocuous, and it probably is.
Andrew Stuttaford linked to an article by Matt Welch that points out that Dick Durbin doesn’t exactly practice what he preaches, either: “Is Dick Durbin protecting his million-dollar portfolio through a buy-American-only strategy? Hell no, he isn’t — why, just right there I can see such asset items as ‘ING Clarion Global Real Estate Income,’ and ‘Matthews Asia Dividend Investor,’ and ‘Morgan Stanley Emerging Markets Domestic.’”
And from The Weekly Standard: “Disclosure forms reveal that Democratic National Committee chair Debbie Wasserman Schultz, a member of Congress from Florida, previously held funds with investments in Swiss banks, foreign drug companies, and the state bank of India . . . according to disclosure forms from 2004, Wasserman Schultz had holdings in the Fidelity Advisor Overseas Fund. That fund is invested in HSBC bank (a British financial institution), Hengdeli Holdings (a Hong Kong watch company), Novo Nordisk (a Danish drug company), Volkswagen (a German auto company), Rakuten (a Japanese shipping business), Richemont Cie Financiere (a Swiss luxury goods company), and many others.”