The Privilege of Unbounded Wealth

Rick Moran
To no one's surprise who has followed the "Kennedy Saga," Caroline Kennedy is refusing to release even basic financial information showing her investments and holdings:

The New York Times:

If she were running for election to the Senate, Ms. Kennedy would have to file a 10-part, publicly available report disclosing her financial assets, credit card debts, mortgages, book deals and the sources of any payments greater than $5,000 in the last three years.

But Ms. Kennedy, who has asked Gov. David A. Paterson to appoint her to succeed Senator Hillary Rodham Clinton — and who helped oversee the vetting process for Mr. Obama’s possible running mates — is declining to provide a variety of basic data, including companies she has a stake in and whether she has ever been charged with a crime.

Ms. Kennedy declined on Monday to reply to those and other questions posed by The New York Times about any potential ethical, legal and financial entanglements. Through a spokesman, she said she would not disclose that kind of information unless and until she becomes a senator.

“If Governor Paterson were to choose Caroline, she would, of course, comply with all disclosure requirements,” said the spokesman, Stefan Friedman.

The complex web of how the Kennedy fortune feeds the ambitions of family members is quite secretive and a "basic" financial disclosure will not reveal all the connections to people and corporations. 

If she is chosen as senator, chances are any financial information she discloses will be useless.



To no one's surprise who has followed the "Kennedy Saga," Caroline Kennedy is refusing to release even basic financial information showing her investments and holdings:

The New York Times:

If she were running for election to the Senate, Ms. Kennedy would have to file a 10-part, publicly available report disclosing her financial assets, credit card debts, mortgages, book deals and the sources of any payments greater than $5,000 in the last three years.

But Ms. Kennedy, who has asked Gov. David A. Paterson to appoint her to succeed Senator Hillary Rodham Clinton — and who helped oversee the vetting process for Mr. Obama’s possible running mates — is declining to provide a variety of basic data, including companies she has a stake in and whether she has ever been charged with a crime.

Ms. Kennedy declined on Monday to reply to those and other questions posed by The New York Times about any potential ethical, legal and financial entanglements. Through a spokesman, she said she would not disclose that kind of information unless and until she becomes a senator.

“If Governor Paterson were to choose Caroline, she would, of course, comply with all disclosure requirements,” said the spokesman, Stefan Friedman.

The complex web of how the Kennedy fortune feeds the ambitions of family members is quite secretive and a "basic" financial disclosure will not reveal all the connections to people and corporations. 

If she is chosen as senator, chances are any financial information she discloses will be useless.