Friday, April 8, 2016

Bernie's for-profit investments in Wall Street, Big Pharma, and Fracking

Photo courtesy of Daily Kos.
Whenever a politician claims to be above politics, I immediately become skeptical. Early on, shortly after he suddenly decided to join the Democratic Party, Bernie boasted about his high principles. One of his favorite criticisms of his opponent Hillary Clinton, a long-time, loyal Democrat, is that she's owned by Wall Street, etc. So I'm surprised this morning to read that Saint Bernie has for-profit investments in Wall Street, Big Pharma, and fracking - that information is probably only surfacing now, as Bernie has cleverly listed his assets under his wife Jane's account.

Yesterday in an interview on the evening news by Charlie Rose, Bernie promised to respond in kind to any criticisms of his saintly self, so he may be ready to attack Educatordcm at the Daily Kos who recently posted this item:

I found this article on “Garnet News” interesting.  Written by Marcus Johnson for a website that is “Today’s News Powered by Women”, I took time to look through the website and it is clearly a left-leaning progressive website. In a fascinating article, the writer analyzes Bernie’s assets that he reported in 2014. I was surprised by quite a bit of the information. Here is the full read:

Here are the highlights that stood out to me:

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.

I found that statement to be really compelling.  Looking directly in his investments… the hypocrisy immediately jumps out at the reader.

Big Banks

One of Sanders’ most well-known policies is his push to break up the big banks. Sanders has given America’s biggest banks the notorious “too big to fail” label, and he has pushed the idea that their profits are coming at the expense of American workers. I was surprised, then, to find that Sanders himself owned funds with holdings in some of America’s biggest banking institutions, including JP Morgan & Chase, Citigroup, Bank of America, US Bancorp, Wells Fargo, and Bank United. Bank United is particularly interesting, seeing as the federal government actually had to seize the bank in 2009 in part because “it was critically undercapitalized and in an unsafe condition to conduct business.

And it’s not just BIG BANKS he has holdings in… he is also earning money from BIG PHARMA.

Read more:


  1. Good find! I have been waiting for him to release his taxes because I had a feeling this was going to be the case!

  2. Why hasn't the media vetted Sanders?