Massachusetts Senate candidate Elizabeth Warren turned a few heads after she appeared on MSNBC Thursday and declared she isn't a wealthy individual who owns a lot of stock.
“I realize there are some wealthy individuals – I’m not one of them, but some wealthy individuals who have a lot of stock portfolios," Warren said on "The Last Word with Lawrence O'Donnell."
The issue with that statement is that Warren -- who's running against Republican Scott Brown -- could be worth as much as $14.5 million, Buzzfeed pointed out. Financial disclosure forms show she and her husband own between $100,001 and $250,000 of IBM stock, and between $2.8 million and $7.9 million in TIAA-CREF funds, the Boston Globe reported. A Harvard professor, Warren earned about $700,000 last year, including book royalties and consulting fees, and lives in a house worth $5 million.
Warren was making the point that members of Congress either should not own stocks or should have them in a blind trust in order to avoid a conflict of interest.
Warren spokesman Kyle Sullivan told the Globe she was referring to not having a wide stock portfolio in individual companies, which many members of Congress do. He said Warren’s sole individual stock is in IBM, which she has held for decades. In an email to Buzzfeed, he said she would get rid of her IBM stock if elected.
(h/t Gateway Pundit)