Posted on 05/16/2015 7:07:19 AM PDT by COUNTrecount
Obamas have less than $1,001 in cash savings but have socked away as much as $400,000 in their kids' college funds, according to their financial disclosures
Obamas' networth is nowhere near that of the Clintons, who have reportedly earned a combined $25 million in speaking fees since the beginning of 2014 They are also paying a high interest rate on their Chicago home loan, throwing away more than $6,500 every year instead of refinancing High interest rate hasn't changed since 2005 and is nearly 2 percentage points too high President and Mrs Obama also have more than $1 million in Treasury bills Daughters wont need free community college since they have at least $200,000 – and maybe as much as $400,000 – in college savings accounts Vice President and Mrs Biden refinanced their home equity line of credit last year, snagging the best rate as the market hit bottom
President Obama and his wife Michelle have less than $1,001 in savings, according to their annual financial disclosure report released on Friday.
The modest sum is all that's left in the first family's JP Morgan account after putting away between $200,004 and $400,000 for daughters Sasha and Malia to go to college.
Their assets are worth at least $1.9 million – and perhaps as much as $6.9 million.
But they're light years away from the net worth of Hillary and former president Bill Clinton, who have earned more than $30 million in speaking fees and book royalties alone in the past 16 months.
The Obamas also lack the real estate savvy that the Clintons showed in their Arkansas Whitewater Investment days.
(Excerpt) Read more at dailymail.co.uk ...
Here is a very odd coincidence.....
Scroll down to the very bottom of the document. Note the reference about the National Association of Rock Collectors
that’s still $1001 more then the US govt
it’s $18.2 TRILLION in the hole
an 80% increase in the last 6 years, for those keeping track
I can’t figure who or why anybody would want to pay to hear the Clintons.
I’m not Liz, but the National Association of Rock Collectors brings up NOTHING on Google, except an obscure reference to that in 1994 by the Clinton’s spokesman in a background briefing.
Does anyone expect the IRS to verify this?
A few years ago, there was news of the compound being built for the Obamas to live after 2016 on Oahu. Costs had exceeded 85 million. No ‘news’ agency showed the slightest interest in declaring the source of those funds..
Yep they are flat broke. :-)
Rocks as in diamonds?
Have they ever?
Liz and Maggie are super. If there is more out there they’ll find it
GOOGLE has limitation.
Excellent find BTW!
.
A quick Wiki search on Obama’s career has him working in Chicago during all of 1992.
The National Association of Rock Collectors, based in NY, NY is not found anywhere on the net, except with reference to this article. I mean NOWHERE on the net.
Why are my antennae twitching at this information?
Poor babies/sarc rich thread BUMP!
LOL!!
Useful to underline here.....committing a felony by falsifying official documents is usually employed to cover-up bigger crimes.
The hi-tech billionaires will make Obama one of their own. The first billionaire POTUS who will have done NOTHING to earn it. Move over, Gore.
Due to my neighbors wearing their pants down around their buttcheeks, everything falls out of their pockets on a regular basis.
Another “We left office dead broke” fish tale in the making...
Swiss banker chuckles.
That is an EXAMPLE in the original form. It isn’t an actual entry.
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