Kerrys raced to dump foreign stocks

Boston Herald ^ | July 29, 2004 | David R. Guarino

[anniegetyourgun]

"Marla Romash, a senior adviser to Kerry, said the financial decisions aren't political."

Right.

KERRY WAS NEVER THE REAL DEAL ABOUT ANYTHING.

[faithincowboys]

"The records also show the trust sold between $250,001 and $500,000 of BNP Paribas stock in April 2002, before the French bank was ensnared in the Iraqi oil-for-food scandal at the United Nations."

Very interesting.

[NativeNewYorker]

the trust sold between $250,001 and $500,000 of BNP Paribas stock in April 2002

The Kerrys personally profited from the oil-for-palaces scandal.

[Pearls Before Swine]

Not significant. 16 million (or twice that much) is chicken feed in comparison to the overall size of Teresa's holdings. Portfolio rebalancing. Noise.

Kerry is still a whining fake, but this is just her portfolio managers doing their job.

[gov_bean_ counter]

I wonder if Kerry's family has any connections to the French Bank.

[FrankRepublican]

Kerry & his wife are garbage.

[anniegetyourgun]

As in overflowing and stinkin' to high heaven.....

[weenie]

I would imagine this is unrelated to Kerry and Heinz Kerry...

...from what I have seen of them, they don't have a clue about anything and that includes investing...

actually this is probably all coincidence...but it does appear that the trust's money managers were planning on a Bush victory.

Markets love certainty...and that ain't little Johnnie Kerry...the only thing certain about him is his waffling and multitude of positions on every issue.

He would have been awful for the market.

[anniegetyourgun]

I question the timing....

[LasVegasMac]

the investments are managed not by the Kerrys but by professional investment managers for the family trustees

Ah, finally!

Now we know who drives the SUV's.

LVM

[Tempest]

Oh my! That's very entertaining.

[Bush gal in LA]

Kerry a total fraud through and through!

[Tumbleweed_Connection]

Exactly. Last night I was forced to watch Colmes argue that at this time there was no concrete evidence they were noncompliant in administering the program. The guest simply reinstated his point time and time again, we on on the verge of that conclusion. The French, Liberals brothers, are about to be named as participants in the scandal!

[Tom D.]

This appears to be a non-starter.

As I understand the situation, Mrs. Heinz-Kerry is worth about $1,000,000,000.00. Let me be conservative and say that she is worth half of that sum or $500,000,000.00. If Mrs. Heinz-Kerry sold $16,000,000.00 in foreign stocks as alleged in this article and purchased as much as $32,000,000.00 in domestic stocks then she moved only 3.20% of her wealth out of foreign stocks. At the most, she only invested an additional 6.40% of her net worth in domestic firms.

While are a lot of things to say bad about Mrs. Heinz-Kerry, there is nothing here that I see that any rational person can use to condemn the woman.

Of course, I have been wrong before and I have had my evening martini, (One part vermouth, Five parts gin from the freezer, and five good olives in a chilled glass). Consequently my faculties are not as sharp now as they were at 5:00 this afternoon, so feel free to correct my logic or my math.

Respectfully submitted,
Tom D.

[jackbill]

Notice the word "trusts"? Perhaps that is why the bitch showed only $5 million gain on about a billion dollars of assets. And even with the $5 million income, she only paid 12% income tax on it.

[Prime Choice]

"Marla Romash, a senior adviser to Kerry, said the financial decisions aren't political."

Oh for pity's sake! I wish the Leftists would at least TRY to treat us like we know what the hell is going on. It's bad enough that they insult our integrity. Now they think they're entitled to insult our intelligence? Criminy.

[NotJustAnotherPrettyFace]

Later that year and in 2003, the trusts began bolstering its domestic holdings - buying more than $50,000 in Harley Davidson stock, more than $100,000 in Costco, more than $250,000 in Kohls, Raytheon, and Kraft Foods, and as much as $1 million in Dell and McDonald's.

Raytheon, huh? This should slay some of the anti-war, anti-defense liberal idiots. And yes, Kerry might not have supported defense spending in the Senate, but he surely did in his portfolio :-).

[yooper]

"The records also show the trust sold between $250,001 and $500,000 of BNP Paribas stock in April 2002, before the French bank was ensnared in the Iraqi oil-for-food scandal at the United Nations."

"Very interesting."

Yep. A smoking gun if I ever saw one. "Insider Trading" is transparent.

[Peter vE]

Of course, I have been wrong before and I have had my evening martini, (One part vermouth, Five parts gin from the freezer, and five good olives in a chilled glass). Consequently my faculties are not as sharp now as they were at 5:00 this afternoon, so feel free to correct my logic or my math.
Thank G*d, finally a real Republican on Free Republic! OTOH, I'm a gimlet man myself. (four parts gin from the refrigerator, one part Roses Lime Juice from the refrigerator, a slice of lime). Ever since I read The Long Goodbye, it's been gimlets for me.