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 know a bank where the wild thyme blows,
Where oxlips and the nodding violet grows,
Quite overcanopied with luscious woodbine,
With sweet musk-roses, and with eglantine:
There sleeps Titania sometime of the night,
Lulled in these flowers with dances and delight.”
—William Shakespeare (1564–1616)
“In youth, love and art. In age, investments and antiques.”
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