Politico: 237 millionaires in Congress

Posted on November 7, 2009

Yes, you read that right, there are 237 millionaires in congress.  That number is getting close to almost half of the total number.  From the article:

Among the highlights: Two-hundred-and-thirty-seven members of Congress are millionaires. That’s 44 percent of the body – compared to about 1 percent of Americans overall.

 CRP says California Republican Rep. Darrell Issa is the richest lawmaker on Capitol Hill, with a net worth estimated at about $251 million. Next in line: Rep. Jane Harman (D-Calif.), worth about $244.7 million; Sen. Herb Kohl (D-Wis.), worth about $214.5 million; Sen. Mark Warner (D-Va.), worth about $209.7 million; and Sen. John Kerry (D-Mass.), worth about $208.8 million.

There seems to be a conflict of interest though with some lawmakers:

Some lawmakers have profited from investments in companies that have received federal bailouts; dozens of lawmakers are invested in Wells Fargo, Citigroup, Goldman Sachs and Bank of America.

How is it possible that lawmakers can vote on bailout programs that will benefit their own pockets?

Posted in: Congress