Posted by Curt on 12 January, 2015 at 8:41 pm. 7 comments already!



elizabeth warren portfolio

Liberals hope that the populist-sounding Elizabeth Warren will run to the left of Hillary Clinton, whom they fear is now too rich and out of touch. But Sen. Warren’s financial records may dash their hopes.

While making presidential noises, the Democrat senator has positioned herself as the Democratic Party’s top defender of the working class.

On Wednesday, she told the AFL-CIO in its “Summit on Raising Wages” that the system is “rigged” in favor of the wealthy.

“The average family not in the top 10% makes less money today than they were making a generation ago. So who got all of the increase in income? One hundred percent of it went to the top 10%,” Warren preached, sounding like a reincarnated Eugene Debs. “All the new money earned went to the top. All of it.”

And, as it turns out, a healthy share of it went to Warren herself. She’s amassed a personal fortune bashing the rich — while insisting she’s not one of them.

Combing through her latest Senate financial disclosure filings, however, it becomes clear she is part of the same top 10% she rails against. In fact, her net worth puts her in the wealthiest 1%.

The assets of the self-proclaimed godmother of the Occupy Wall Street movement and champion of the 99% include:

• Financial assets worth between $3.7 million and $10 million.

• Real estate assets worth more than $3.1 million, including a home in Cambridge, Mass., valued at $2.4 million and a condo in Washington valued at $740,000.

• A $525,000 book advance for her new memoir, “A Fighting Chance.”

• At least 19 investment funds, including stock funds worth at least $1 million.

Her large stock portfolio is odd, given her crusading against the “excesses” and “greed” of Wall Street. And it’s downright unseemly, given her bashing of members of Congress who own stock.

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