The Daily Beast reports: According to the financial-disclosure form she filed with the U.S. Office of Government Ethics on March 30, 2016, [Green Party presidential nominee Jill] Stein and her husband, Richard Rohrer, have investments (with the exception of real estate) valued at anywhere from $3,832,050 to $8,505,000.
Stein’s controversial investments include:
Big Carbon. On Oct. 26, 2015, Stein’s campaign sent out a statement calling for Exxon to get the death penalty for its “climate-change fraud.” (it should be noted that Stein has called for the abolition of the death penalty for human beings). She has also repeatedly called for public pension funds to divest from companies in the fossil-fuel industry.
Yet Stein has invested $995,011 to $2.2 million in funds such as the Vanguard 500 fund that maintain significant stakes in Exxon and other energy companies like Chevron, Duke Energy, Conoco Phillips, and Toho Gas, a Japanese company that engages in the sale of natural gas, tar, and coke, a fuel made from coal.
Financial Industry. Like Sen. Bernie Sanders, Stein has consistently denounced the banking industry and Wall Street. She has said that big banks should be nationalized or broken up. And she has refused to agree that there is a stark difference between how the Democrats have regulated the financial-services industry and how Republicans have approached the same task.
Yet Stein has invested roughly $1.2 to $2.65 million in funds like the TIAA-CREF Equity Index that have big stakes in the financial-services industry. Holdings in these funds include big banks like JP Morgan Chase, Citigroup, and Deutsche Bank as major parts of their investment portfolios. Five of the funds that Stein invests in maintain large positions in Wells Fargo, which has come under fire recently amid charges that its employees were pressured to open up fraudulent new accounts for clients.
One of the funds Stein has invested in maintains a significant position in Goldman Sachs bonds. Stein once referred to Goldman Sachs as Hillary Clinton’s best friend. She has also invested in a fund that contains significant investments in mortgage-backed securities, including subprime mortgage-backed securities, and mortgage-backed derivatives. These financial instruments played a significant role in the financial crisis of 2008. [Continue reading…]