I joked about this yesterday in comments to a post at Washington Monthly, but it’s the real deal!
John McCain’s wife owns $2.5-5 million of A-B stock in addition to being heir to the nation’s third-largest Budweiser distributorship.
The stock has gained almost 50 percent from a February low of $47 to $67 Monday, with InBev’s final offer of $70. So, if Cindy McCain owned “just” $2.5 mil, she just cleared a cool $800,000. If her holdings are at the top of that range, she just gained $1.6 million.
Meanwhile, can Missouri Sen. Claire McCaskill get off the wahhmbulance over the deal? It’s not primarily a weak dollar. It’s an underperforming company with crony capitalism management.
Beyond that, get off the hypocrisy of both dollar patriotism, and political exploitation.
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