Wednesday, November 17, 2010

Getting Rich By Screwing America


Members of US Congress Get Richer Despite Sour Economy

Despite a long and deep recession, the collective personal wealth of congressional members increased by more than 16 percent between 2008 and 2009, according to a study released Wednesday by the Center for Responsive Politics.

The study also indicates that a significant number of members owned shares of major players in the health-care and financial-services sectors, which were the subject of major reform legislation during the period.

The findings—based on federal financial disclosure data released earlier this year—paint a wealthy bunch in Congress, with more than half of all members—261—were millionaires.

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