Bank Investments
In November 2011, it was reported that Gingrey received stock benefits, potentially in violation of congressional ethics rules, from his role as an investor and board member of two Georgia banks. One of these banks, Bank of Ellijay, failed in September 2010 and was taken over by regulators at a cost of $60 million to taxpayers. Gingrey's office denied any conflicts of interests.
Read more about this topic: Phil Gingrey
Famous quotes containing the words bank and/or investments:
“A self is, by its very essence, a being with a past. One must look lengthwise backwards in the stream of time in order to see the self, or its shadow, now moving with the stream, now eddying in the currents from bank to bank of its channel, and now strenuously straining onwards in the pursuit of its chosen good.”
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“In youth, love and art. In age, investments and antiques.”
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