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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