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Monday, June 22, 2009

 4:39 PM 

Wis. congressional delegation release financial holdings

U.S. Sen. Russ Feingold, D-Middleton, this month released his financial disclosure documentation for 2008, and as is his custom publicized more details than is required by law.

Among Feingold's notable disclosures was $200 worth of securities owned in the Green Bay Packers National Football League franchise and $54,835 in the Calvert Fund mutual fund. Feingold also reported a life insurance policy worth $250,000 with family members as the beneficiaries.

Feingold reported a total of $208,470 in pension funds, including nearly $21,000 in his U.S. Senate pension; almost $58,000 in the Wisconsin State Pension and around $130,000 in a U.S. Senate Thrift Savings account.

-- U.S. Reps. Dave Obey, D-Wausau, and Gwen Moore, D-Milwaukee, both reported modest financial holdings on their 2008 financial disclosures.

Obey, the powerful chairman of the House Appropriations Committee, reported assets of between $50,000 and $100,000 in a federal Congressional credit union account -- and $15,000 and $50,000 in a Fidelity Investments mutual fund account. But otherwise, his reported assets were in increments of the $1,000 to $15,000 range, including three Vanguard retirement accounts.

Moore reported two investment accounts -- one with Fidelity, the other with Vanguard -- that were both in the $1,000 to $15,000 range. Moore also reported a Vanguard money market account worth $1,000 to $15,000.

-- The financial disclosure issue by U.S. Rep. Ron Petri, R-Fond du Lac, was a bit more involved. The Congressman reported several stock holdings and at least one retirement fund worth $250,000 to $500,000.

Petri's notable stock holdings include U.S. Bank stock worth $1 million to $5 million, including dividend income from that stock in the range of $100,000 to $1 million. Petri’s other stock holdings include $100,000 to $500,000 in Berkshire Hathaway (owned by famed financier Warren Buffet) and $1 million to $5 million in Lloyds of London.

Petri reported income from his Lloyds of London stock in the $1 million to $5 million range that was earned via dividends, interest and capital gains.

Petri also reported assets worth $50,000 and $500,000 in U.S. Treasury bonds.

-- Milwaukee Bucks owner Herb Kohl lists more than $50 million in assets, not including his stock in the NBA team.

Kohl reported assets of more than $50 million in blind trust, with income earned from that trust last year of more than $5 million. Kohl also reported stock in the Milwaukee Bucks NBA franchise of more than $50 million, reporting gross receipts before expenses for that operation of $81.8 million.

Additionally, Kohl reported assets of between $5 million and $25 million in a Wyoming-based horse breeding business, with income from horse sales of $16,400.

Kohl also reported a 50 percent stake in the Milwaukee-based HAKO Corp. worth between $15,000 and $50,000, with gross receipts of $3,199 earned; as well as a 50 percent stake in a commercial building in Elm Grove worth between $500,000 and $1 million, with an income of between $15,000 and $50,000.

-- U.S. Rep. James Sensenbrenner, R-Menomonee Falls, disclosed total assets worth $8.9 million, including real estate assets worth $2.7 million and stocks investments held worth $4.5 million. Additionally, Sensenbrenner reported life insurance policies worth about $675,000 and cash in his personal bank accounts of just over $200,000.

Sensenbrenner also reported nearly $853,000 in additional, miscellaneous assets, including two boats worth a combined $18,000 and deposits in a federal thrift savings plan worth $335,000.

-- U.S. Rep. Tammy Baldwin, D-Madison, reported mostly small assets worth between $1,000 and $15,000 that didn't earn her any income. However, she did disclose a qualified blind trust worth between $250,000 and $500,000 that earned between $15,000 and $50,000.

Baldwin also disclosed the sale of more than a dozen stocks and bonds, including seven that netted her between $15,000 and $50,000 in income, each.

-- U.S. Rep. Ron Kind, D-La Crosse, reported income from his congressional salary and from his wife Tawni's job as a court reporter in the La Crosse County District Court.

Additionally, Kind reported assets from rental property and their family farm, including property in La Crosse worth between $50,000 and $100,000; farm property in Jackson County worth between $250,000 and $500,000; and rental farm property worth between $150,000 and $200,000. Kind also reported retirement and investment assets worth between $250,000 and $500,000.

-- U.S. Rep. Paul Ryan, R-Janesville, reported various assets and investments in stocks and real estate.

Among Ryan's financial holdings for year 2008 was an investment worth between $100,000 and $250,000 in AVA O Limited Co. Mining, of Madill, Okla. Ryan reported income from that investment of between $15,000 and $50,000. Ryan also reported a 10 percent stake in the company Blondie & Brownie LLC, worth between $100,000 and $250,000, with income earned for the year in the $5,000 to $15,000 range.

And he reported owning $50,000 to $100,000 worth of The Home Depot stock, which earned him $2,500 to $5,000 in income from dividends. The congressman also reported cash holdings of between $50,000 and $100,000 each in two Wells Fargo Bank EDVEST 529 college savings accounts. The accounts were designated for Ryan's three young children.

-- U.S. Rep. Steve Kagen, D-Appleton, an allergist by trade and personally wealthy, reported several assets worth between $100,000 and $250,000 on his 2008 financial disclosure documents. Kagen's reported holdings are heavy in municipal and state revenue bonds, with assets in cash and real estate also disclosed.

Among Kagen's holdings are $100,000 to $250,000 worth of Capital One Bank bonds; $100,000 to $250,000 worth of Anderson, Ind. Sewer Works revenue bonds; and $100,000 to $250,000 worth of an asset labeled "cash and money market fund balances."

The Congressman during 2008 engaged in the purchase and sale of a number of similar assets, including buying Green Bay bonds worth between $100,000 and $250,000 and selling Puerto Rico Commonwealth bonds for the price of between $100,000 and $250,000.

Additionally, Kagen reported Port St. Lucie, Fla. real estate holdings worth between $250,000 and $500,000; and a financial trust worth between $1 million and $5 million.

- By David M. Drucker


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