- Daily Photo: Obama Jokes Around at G-20
- Blackwater gets replaced in Iraq
- Daily Photo: U.S. Marines Look Out for Taliban in Afghanistan
- Hillary Clinton the Tomboy and Her "Ah-Ha" Moment
- Obama Administration Sudan Envoy Headed to Region
- Daily Photo: Potential Flashpoint in Iraq
- Clinton Says New Afghanistan-Pakistan Plan Depends on Diplomacy
- Exclusive: Three Israeli Airstrikes Against Sudan
- Additional 4,000 Troops to Be Ordered to Afghanistan
- Daily Photo: Navy Submarine Trains in the Arctic
- Alarm Over North Korea Missile Prep
- Anti-Terror Stimulus? US Offers Rewards for Top Terrorists
- Daily Photo: Pakistani Women in Refugee Camp
- Condoleezza Rice Appears on "The Tonight Show"
- Diplomat and Aid Group Sound the Alarm on Darfur Camp Situation
- auto industry rescue
- Ballotwatch
- Biden, Joe
- Bush, George W.
- Clinton, Bill
- Clinton, Hillary
- Dodd, Chris
- Edwards, John
- Giuliani, Rudy
- Gravel, Mike
- Huckabee, Mike
- Hunter, Duncan
- Inauguration
- Iraq
- Kucinich, Dennis
- McCain, John
- Obama, Barack
- Palin, Sarah
- Paul, Ron
- Romney, Mitt
- Tancredo, Tom
- Thompson, Fred
- Veepstakes
- Vote 2008: Democrats
- Vote 2008: Republicans
- Washington
- White House
« Previous | Main | Next »
Obama Investments Scrutinized
Email
ShareMarch 07, 2007 2:17 AM
ABC's Jake Whitman Reports: Stock purchases made by Sen. Barack Obama, D-IL, less than two months before he entered the U.S. Senate are raising questions this morning.
The New York Times reports Obama bought more than $50,000 worth of stock in two companies whose major investors included some of his biggest political donors.
The report says one of the companies was beginning to develop a drug to treat avian flu and that two weeks after Obama purchased $5,000 of its shares, he pushed for more federal spending to fight the disease.
A spokesman for Obama is quoted as saying that the senator was not aware of the investments until the fall of 2005, and that when he learned of it, he sold the stocks at a loss.
The Times report points out there is no evidence that Obama's actions benefited either company, but it says, "the stock purchases raise questions about how he could unwittingly come to invest in two relatively obscure companies, whose backers happen to include generous contributors to his political committees."
March 7, 2007 in Tancredo, Tom | Permalink | User Comments (3)
You can follow this conversation by subscribing to the comment feed for this post.
"... sold the stocks at a loss."
Right! That's every intelligent investor's strategy: buy low, sell lower.
And he wants to be the next president?!?
This story has that peculiar smell of Clinton all over it. Therefore, I predict it is the beginning of the end for ole Obama.
Posted by: georgembush | Mar 7, 2007 2:35:07 PM
WISHFUL THINKING MR. NOSTRADAMUS GEORGEMBUSH. HAVE YOU GUYS TAKEN OFF YOUR EYES FROM WMD IN IRAQ TO OBAMA? I SEE A POLITICAL SCARY CAT.
Posted by: NNAMDI | Mar 7, 2007 5:20:05 PM
Honor above all, our next President must have theirs and our HONOR, restored through the world.
Posted by: Walter Gremlitz | Mar 7, 2007 6:09:16 PM
Post a comment
