Financial Bailout: A Look at Gregg and Blunt
Rep. Roy Blunt, R-Mo., and Sen. Judd Gregg, R-N.H., will be leading the bailout negotiation team for Republicans in the House and Senate, respectively. Here’s a run down of some of their key assets from their most recent personal financial disclosure filings.
One of Gregg’s largest single assets is a stock investment in Bank of America worth somewhere between $1,000,001 and $5,000,000. Bank of America is one of the leading home mortgage lenders; since the financial crisis began, it’s acquired troubled subprime lender Countrywide Financial and brokerage firm Merrill Lynch.
Other major financial sector investments that Gregg has is CitiGroup worth between $15,001 and $50,000, a company which has more than $53 billion in the present financial crisis and could benefit from the bailout.
His other financial sector investments include Capitol One and JP Morgan among other smaller ones, that is worth between $112,007 and $330,000. Other than these, through the Triumph Investment Fund Gregg has investments that range between $1001-$15,000 with at least 18 smaller financial institutions and banks across the country.
Most of Blunt’s assets are in 401Ks, few of which appear to be heavily invested in the financial sector.
