Bain Bankrolls Dem Reps' Retirements

Two Dem legislators benefitting from Bain Capital's success

The Democratic National Convention prominently featured workers who were laid off after their companies were acquired by Republican nominee Mitt Romney’s private equity firm, Bain Capital, yet two of the Congressmen who also spoke Wednesday night have pension funds that invest with Bain Capital.

Rep. Chris Van Hollen (D., Md.) has a Maryland pension plan worth between $15,000 and $50,000, according to his 2010 personal financial disclosure statement.

Meanwhile, Rep. Steny Hoyer (D., Md.) has a $20,000 Maryland state pension plan, according to his 2011 financial disclosures.

The Maryland State Retirement and Pension System has more than $117 million invested with Bain Capital.

Published under: Obama Campaign

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