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:
“I have passed down the river before sunrise on a summer morning, between fields of lilies still shut in sleep; and when, at length, the flakes of sunlight from over the bank fell on the surface of the water, whole fields of white blossoms seemed to flash open before me, as I floated along, like the unfolding of a banner, so sensible is this flower to the influence of the sun’s rays.”
—Henry David Thoreau (1817–1862)
“In youth, love and art. In age, investments and antiques.”
—Mason Cooley (b. 1927)