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Rating:Supreme Court Nominee a Vanguard Man Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 01, 2005

Supreme Court Nominee a Vanguard Man

by: Theresa Sim

Is ownership of mutual funds a dangerous thing? It can be if you're a Supreme Court nominee. In the case of President George Bush's Supreme Court nominee, Samuel Alito, his investments in Vanguard funds are causing some senators to scratch their heads.

The Washington Post reports that Alito participated in a case against Vanguard even after promising to refrain from any cases involving the Vanguard companies.

According to the Post, Alito owned between $390,000 and $975,000 in Vanguard mutual funds in 2002.

The White House is maintaining that Alito participated in the case because of a "computer screening program" oversight, and that he immediately wrote a letter to another judge requesting that the ruling be reversed and reheard.  

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