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guess why Roberts and Alito sold their stocks last year

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ensho Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 10:52 AM
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guess why Roberts and Alito sold their stocks last year

http://www.lasvegassun.com/news/2008/jun/09/supreme-court-justices-sold-stock-last-year/


Supreme Court justices sold stock last year


Chief Justice John Roberts and Justice Samuel Alito, whose investments forced them to sit out cases before the Supreme Court, have significantly reduced their stock holdings, their latest financial disclosures show.

Roberts sold all his shares in four companies last year _ Becton Dickinson & Co., Cisco Systems Inc., Citigroup Inc. and Merck & Co. Inc. _ worth $117,000 to $265,000.

Alito sold all his stock in Intel Corp., worth $15,000 to $50,000, and reduced his holdings in three other companies, Bristol-Myers Squibb Co., Exxon Mobil Corp. and McDonald's Corp. The information was contained in the justices' annual report on their finances, released Friday.

It was not clear whether the justices took advantage of a recent change in federal law that allows them to defer paying taxes on capital gains by reinvesting the proceeds in mutual funds, government bonds or other assets.

-snip-

The issue of investments arose most recently last month when the court could not muster enough justices to consider whether to intervene in a case.
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the SC needs some deep cleaning. windows, doors thrown open. the attic, basement cleared out. the back of closets and drawers swept clean. various judges tried for treason.
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Riddler Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-11-08 11:11 AM
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1. I've always thought that instead of worrying about impeaching bush and cheney (never happen) we
should instead concentrate on getting big enough majorities in congress to impeach tony-boy scalia and the right wing bastards bush appointed to the court.
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