I used to joke about the whole Heinz connection during the 04 campaign: Kerry's in a real pickle; can he ketchup to Bush? Can he cut the mustard as a candidate?
The Heinz History Ctr--not a bad place actually
Mama T with the Heinz family 
Posted on 12/05/2009 12:59:53 AM PST by raccoonradio
The nation’s richest senator - the Bay State’s own John Forbes Kerry - has been knocked down a few notches after seeing his fortune sliced by one-third by the fiscal meltdown that ripped down Wall Street.
Kerry’s personal net worth plunged from an estimated $336 million in 2007 to $208 million in 2008, according to a study by the Washington-based Center for Responsive Politics. The Boston Democrat’s staggering losses dropped him from first to third among the wealthiest senators, trailing Herb Kohl (D-Wis.) and Mark Warner (D-Va.)
“So does this mean Senator Kerry is now arriving in Nantucket by ferry instead of private jet?” sniped Massachusetts GOP spokeswoman Tarah Donoghue.
But Kerry said, “This isn’t about me. The folks who have taken it in the chin during this recession are the people who didn’t start out with anything to lose and they’re hanging on by their fingernails.”
He added that the meltdown “could have been much worse . . . (but) the stimulus stopped us from going over that cliff.”
Kerry was not alone in his personal financial losses. The late Sen. Edward M. Kennedy lost more than half his fortune as his estimated net worth sank from $104 million to $44 million - dropping him from third to ninth among the wealthiest senators. And Rep. Niki Tsongas (D-Lowell) saw her fortune shrink from an estimated $11 million to $4.9 million.
Tsongas owns millions in stocks and bonds, including shares of municipal bonds from several Bay State towns, including Barnstable, Randolph, Wellesley and Springfield. She also owns stock in major companies such as Wachovia, Verizon, Bank of America and Wells Fargo, records show.
Rep. Barney Frank, chairman of Congress’ financial services committee, which oversaw the banking crisis, suffered relatively minimal losses as his net worth went from an estimated $1.3 million to $972,000, the study found.
“The fact is it depends on where people had their money. In my case, I have been most heavily invested in assets that didn’t suffer major losses,” Frank said. “Members of Congress are full participants in the economy - for the good and the bad.”
As for Kerry, he sold millions in stocks in 2007, including shares in Anheuser-Busch, Honeywell, McDonald’s, Raytheon and Coca-Cola, all of which saw dramatic price increases in 2008. He cashed in millions of shares in his wife’s company, Heinz, which also saw its value jump in 2008.
He also shifted around millions in private equity and asset management funds in 2007, and purchased several banking stocks, including millions in Capital One, a troubled lender that has since received $3.5 billion in federal bailout money.
Barry Armstrong, a Needham financial adviser and part-time Herald columnist, said, “I don’t think (Kerry is) hurting. But we have wealthy clients . . . who still have more money than they could ever spend in their lifetime but all of them have cut back.”
Not just married it but stalked the rich widow of another senator who died in a plane crash. The man is a true scumbag. But then again, his wife is a loser too.
Yup! Aren't we lucky! :(
Considering the Kerrys’ lifestyles - $208 million isn’t that much... Oh, well - the ghost in the house is happy - the money Kerry married was made by a Republican - TA RAY SAAAS first husband...
John Kerry...Was he a Vietnam vet or something?
Hey, Jon Cary! I’m really hurting, too. Send me a million, please.
LLS
“Rep. Barney Frank, chairman of Congress’ financial services committee, which oversaw the banking crisis, suffered relatively minimal losses as his net worth went from an estimated $1.3 million to $972,000, the study found.
“The fact is it depends on where people had their money. In my case, I have been most heavily invested in assets that didn’t suffer major losses,” Frank said. “
Oh. Assets. He said he invested in assets. Never mind.
I thought he was worth less than that. I thought when he married Teresa, he basically had only his salary. Maybe Al Gore let him buy a share in the carbon-credit scam . . .
???? Things that make you go "Hmmmmm . . . "!
Shouldn’t the article actually read that his wife’s fortune has plumetted by a third? Kerry is nothing more than a male whore. He’s proven that his entire adult life by being whatever is necessary to satisfy his immature wants.
Frank said. “Members of Congress are full participants in the economy...”
Actually, what he meant was that Members of Congress are full participants in the federal treasury.
That’s why they’re in congress.
lyin’ traitor ping
see the comments at the website:
best of the day:
“If only Barney had kept his Frank out of Freddie Mac’s Fannie, we Mae not have ended up in this mess...”
Hey Kerry - “Tax the rich.” It works every time.
Indeed; when I was in Pittsburgh for a cartoon fan convention I visited the John Heinz History Museum and there’s a bit dedicated to the late Senator’s work and you can see Ta-ray-za in some pictures.
Remember this? (Teresa had denied saying “un-American”
but it was caught on tape)
http://pittsburgh.about.com/b/2004/07/27/teresa-heinz-kerry-tells-reporter-to-shove-it.htm
>>Teresa Heinz Kerry told a Pittsburgh reporter to “shove it” after he questioned her on a remark made to a crowd of delegates and well-wishers at the Democratic National Convention yesterday. The wife of presidential candidate John Kerry made the comment, perhaps ironically, following a brief speech urging her home-state delegates to the Democratic convention to return a more civil tone to politics. Immediately after her speech, Teresa Heinz Kerry engaged in a brief discussion with Pittsburgh Tribune Review editor Colin McNickle, who badgered her on what she had meant by “un-American” in her statement, “some of the creeping unPennsylvanian and sometimes un-American traits that are coming into some of our politics.”
>>Heinz Kerry repeatedly insisted that McNickle had mischaracterized her remarks. Then, after walking away briefly, she returned to the writer and said, “You’re from the Tribune-Review — understandable. You said something I didn’t say. Now shove it.”
>>The conservative Pittsburgh Tribune-Review’s editorial page has been generally critical of the Kerry campaign. According to the Pittsburgh Post Gazette, the newpaper’s publisher, Richard Mellon Scaife, “is a longtime contributor to conservative causes
Since it’s Christmas time and the ketchup heiress is
being discussed, here was my 2004 parody of a Yuletide
classic:
Have yourself a Kerry Little Christmas
Cozy all the way
While the seat of power is so far away
You’ll be just one more lib in the Senate
Thanks to W
You won’t live on Pennsylvania Avenue
Ketchup heiress has lots of dough
Lots and lots of dough, to spend
It won’t buy you the White House though
For the voters know, my friend
Mondale, Gore, and also Mike Dukakis
Know just how you feel
When you’re seen, you just have got no appeal
So have yourself a Kerry Little Christmas, now
It's that charming tolerance liberals have for people who are different than they are that makes them sooooo lovable. /s
I used to joke about the whole Heinz connection during the 04 campaign: Kerry's in a real pickle; can he ketchup to Bush? Can he cut the mustard as a candidate?
The Heinz History Ctr--not a bad place actually
Mama T with the Heinz family
hmm...does Mama T actually own 4 of the homes? “The Boston townhouse is the only one they own as a couple; the other four belonged to Teresa before her 1995 marriage to John Kerry, and some of them are even still listed under the name of her late husband”
http://www.snopes.com/politics/kerry/homes.asp
Aw, poor guy. He’s down to 208 million.
You might be right
John Kerry lives like a rich man courtesy of Teresa Heinz....
Only problem is the money is in her name. So are the five houses they shuttle between.
Teresa has investments and puts money into Tides and other wacko liberal foundations. John Kerry gets nothing for the most part except luxurious place to squat and a staff of cooks and go-fers
Really??
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