Bernanke Portfolio Bouncing Back!

Author:
Updated:
Original:

Someone's gonna be splurging at Jos A. Bank tonight.

The U.S. Federal Reserve chairman’s wealth rose last year, according to financial disclosure forms released Friday by the central bank. As of the end of 2009, Bernanke’s asset holdings were between $1.2 million and $2.5 million, the same as in 2007. That compares with between $850,000 and $1.9 million in 2008, when stocks were walloped by the worst financial crisis since the 1929 Wall Street Crash. Much of the increase in Bernanke’s wealth came from a large-cap stock variable annuity he holds, whose value rose to between $500,000 and $1 million at the end of 2009 from between $250,000 and $500,000 the previous year.

Bernanke's Bottom Line [WSJ]

Related

BloombergTV Floored By The Revelation Ben Bernanke Owns Jeans

And wears them! In public! Where people can see him! The previously held assumption that he eats, sleeps, and showers exclusively in suits from Jos A. Bank hath been shattered! (This is almost as disorienting as the time Alan Greenspan was spotted in a tank top and cutoffs while running errands, though not nearly as bad as when the neighborhood kids got an eyeful the time came out to yell at them wearing only slipper-socks and his wife's dressing gown!) Jackson Hole Preview: Bernanke Goes Super-Casual [BloombergTV]