Comments by "Wandering Existence" (@WanderingExistence) on "Fox Business"
channel.
-
14
-
14
-
9
-
8
-
7
-
7
-
5
-
4
-
4
-
3
-
3
-
3
-
3
-
3
-
3
-
3
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
2
-
@laymansview5246 Here is a piece of a 2011 article from the New York Times;
Sen. Manchin Maintains Lucrative Ties to Family-Owned Coal Company
Sen. Joe Manchin (D-W.Va.) is more than just a supporter of his state's influential coal producers -- he's a full-fledged industry insider.
On his financial disclosures for 2009 and 2010, Manchin reported significant earnings from Enersystems Inc., a coal brokerage that he helped run before his political star rose. In the 19 months before winning his Senate seat in a hard-fought special election, Manchin reported operating income of $1,363,916 from Enersystems. His next disclosure showed $417,255 in Enersystems income.
Manchin's Enersystems earnings are less than eyebrow-raising in a chamber where more than half the members routinely report net worths above $1 million.
That he derives income from an industry while acting as one of its biggest boosters, however, puts Manchin in a smaller group of lawmakers who play a central policymaking role in sectors that help their bottom line -- such as Rep. Mike Ross (D-Ark.), a pharmacist with health care influence on the House Energy and Commerce Committee, and former Senate Majority Leader Bill Frist (R-Tenn.), whose sale of stock in his family hospital chain sparked a 2005 federal probe.
....
It goes on if you want to look it up, I can't link it cuz the post will be taken down.
2
-
@laymansview5246 And here is another one from 2021, this piece is from the intercept, titled Joe Manchin Dirty Empire;
"...For decades, Manchin has profited from a series of coal companies that he founded during the 1980s. His son, Joe Manchin IV, has since assumed leadership roles in the firms, and the senator says his ownership is held in a blind trust. Yet between the time he joined the Senate and today, Manchin has personally grossed more than $4.5 million from those firms, according to financial disclosures. He also holds stock options in Enersystems Inc., the larger of the two firms, valued between $1 and $5 million.
Those two companies are Enersystems Inc. and Farmington Resources Inc., the latter of which was created by the rapid merging of two other firms, Manchin’s Transcon and Farmington Energy in 2005. Enersystems purchases low-quality waste coal from mines and resells it to power plants as fuel, while Farmington Resources provides “support activities for mining” and holds coal reserves in the Fairmont area. Over the decades, whether feeding tens of thousands of tons of dirty waste coal into the power plants in northern West Virginia or subjecting workers to unsafe conditions, Manchin’s family coal business has almost entirely avoided public scrutiny."
2
-
2
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1
-
1