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Biden: “I Don’t Own a Single Stock or Bond”, has 11 Investment Funds
Frontpage Mag ^ | June 23, 2014 | Daniel Greenfield

Posted on 06/23/2014 12:07:36 PM PDT by maggief

Can Democrats running in 2016 give the fake class warfare a rest? First Hillary claimed that she left the White House broke (and bought two mansions) and that after making $100 million she’s not truly well off.

Now, never one to let his foot leave his mouth for too long, Joe Biden had to jump in and cry poverty.

Hoping to establish credibility with the audience, which was gathered to discuss ways to improve working conditions for working families, Biden reminded people that he used to be the poorest member in Congress (in reality, the poorest member of the Senate) even though he now makes “a lot of money” as vice president ($230,700) and had “a mildly expensive suit on” for the event.

“Don’t hold it against me that I don’t own a single stock or bond,” Biden said. “I have no savings account but I got a great pension and I got a good salary. For real.”

But Biden’s financial disclosure for the year 2013, which was filed last month, shows that he has both a savings account and 11 different investment funds.

CBS describes that as “understated his personal financial situation just a tad”. Lying like crazy might be more accurate.

(Excerpt) Read more at frontpagemag.com ...


TOPICS: Government; News/Current Events
KEYWORDS: biden
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1 posted on 06/23/2014 12:07:36 PM PDT by maggief
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To: maggief

Before you know it, Biden and Hillary will claim they were born in a log cabin....


2 posted on 06/23/2014 12:09:15 PM PDT by fhayek
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To: fhayek

...or a manger.


3 posted on 06/23/2014 12:09:31 PM PDT by fhayek
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To: maggief

Democrats feel they have a natural right to lie just like gypsies believe they have a right to steal.


4 posted on 06/23/2014 12:10:33 PM PDT by Dr. Thorne ("Don't be afraid. Just believe." - Mark 5:36)
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To: maggief

5 posted on 06/23/2014 12:13:54 PM PDT by dead (I've got my eye out for Mullah Omar.)
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To: maggief
“Biden: “I Don’t Own a Single Stock or Bond”, has 11 Investment Funds”

The guy is likely so ignorant; he likely doesn't realize that an investment fund would have stocks and bonds in it.
And these types are running our country.....

6 posted on 06/23/2014 12:14:25 PM PDT by HereInTheHeartland (Obama lied; our healthcare died.)
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To: maggief
Biden is flat out batshit nuts.God help our country.
7 posted on 06/23/2014 12:15:43 PM PDT by 4yearlurker (Some people say that experts agree!!)
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To: maggief
This is unexpected...


8 posted on 06/23/2014 12:16:01 PM PDT by dead (I've got my eye out for Mullah Omar.)
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To: maggief

Isn’t this the same Joe Biden that gave something like $300 to charity when he was in the Senate/running for VP?

Gawd, these people are sickening Wake up, America


9 posted on 06/23/2014 12:16:02 PM PDT by A_Former_Democrat (Shame on Sam The Sham . . . Michael ScAM . . .$$$ grab all planned by this "handlers")
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Comment #10 Removed by Moderator

To: maggief

I don’t own a single suit... I own two.


11 posted on 06/23/2014 12:17:22 PM PDT by Bogey78O (We had a good run. Coulda been great still.)
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To: maggief

“I don’t own a single stock or bond.”

True. He owns thousands of them.


12 posted on 06/23/2014 12:17:36 PM PDT by Cicero (Marcus Tullius)
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Comment #13 Removed by Moderator

To: maggief
“Don’t hold it against me that I don’t own a single stock or bond,” Biden said.

This is one of those quotes that begs to be parsed.

No, of course he doesn't own a single stock or bond--that would be foolish; it would require putting all your eggs in one basket. Biden surely knows that the smart investor is much more diversified. And diversified investors hold multiple stocks and bonds, sometimes in things called mutual funds or ETFs.

Nice try, idiot.

14 posted on 06/23/2014 12:18:48 PM PDT by Lou L (Health "insurance" is NOT the same as health "care")
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To: maggief
“Don’t hold it against me that I don’t own a single stock or bond,” Biden said.

Well, if he owns eleven different mutual funds, it might be fair to say that he doesn't own a single stock or bond. He owns shares in mutual funds that own many such securities.

Of course, being the world's only living brain donor may work to give Ol' Drunken Joe a pass here...but it wouldn't fly for anybody else.
15 posted on 06/23/2014 12:19:43 PM PDT by Milton Miteybad (I am Jim Thompson. {Really.})
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To: maggief

At any given time, he might correctly claim to be “penniless,” as well. And if you could turn him upside down and shake real hard, you’d find in fact, he had no pennies in his pockets. Quarters, dimes, and maybe a Susan B. Anthony dollar, but no pennies. Probably nothing but C-notes.


16 posted on 06/23/2014 12:21:33 PM PDT by Lou L (Health "insurance" is NOT the same as health "care")
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To: maggief

I am the LAST person on earth to defend Joe Biden on ANYTHING.

However, in this instance, he might have meant to say he does not directly own any individual stocks or bonds, that the securities he owns are held in mutual funds.


17 posted on 06/23/2014 12:38:49 PM PDT by Trapped Behind Enemy Lines
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To: Trapped Behind Enemy Lines
If he was trying to make a point that he was not influenced by his investments, that would make sense.

But, he was offering up the information as evidence that he's just a regular ol' Joe, who's even more broke than Hillary.

I think Democratic politicians and celebrities are starting to realize that they're on the non-populist side of the class warfare front lines, so they're hoping nobody notices.

18 posted on 06/23/2014 12:48:37 PM PDT by dead (I've got my eye out for Mullah Omar.)
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To: HereInTheHeartland
He doesn't mention the government Thrift Savings program started 30 years ago that matches 5% and allows 10% of your pay to go into at least 5 different retirement funds on top of his his civil service pension. his accountant would recommend participation.
19 posted on 06/23/2014 12:49:07 PM PDT by bdfromlv (Leavenworth hard time)
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To: maggief

Since he’s a “public servant”, is his tax return covered under FOIA?


20 posted on 06/23/2014 12:49:26 PM PDT by 12th_Monkey (One man one vote is a big fail, when the "one" man is an idiot.)
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