Bernanke’s Financial Disclosure

Just as I suspected, he’s rich:

The chairman’s financial disclosure form, released Tuesday, showed that he’s a millionaire, with holdings last year in no-frills U.S. Treasury securities, Canadian Treasury bonds (???), stock and bond mutual funds and two annuities.
Bernanke, 52, took the Fed helm in February succeeding longtime chairman Alan Greenspan, who also played it safe when it came to his own investments while at the central bank.
An economist who spent most of his career in academia, including teaching at Princeton, Bernanke also is receiving royalties on two textbooks he wrote. Royalty income was listed at between $50,001 and $100,000 for each textbook, the document showed.
Bernanke’s biggest assets last year were two annuities – TIAA Traditional and CREF Stock Large Cap Blend, which were each valued at between $500,001 to $1,000,000. He sold some of his holdings in those two investments last year.

Posted by on July 25th, 2006 at 11:40 pm

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