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McCain Invested Heavily In Real Estate During Mortgage Boom

Posted on 09 October 2008

Looking at John McCain’s financial disclosures for 2004 - 2006 you notice immediately that the candidate that says he warned congress about the greed and instability of the mortgage industry, invested heavily with almost half of his investment portfolio (2006) into the real estate and mortgage market, including investment notes in Fannie May, Freddie Mac, and Bear Sterns, and Lehman Bros.

Why would McCain shift his investment portfolio into almost 50% real estate, if at the same time he was supposedly warning about the industry?

2004 Financial Assets:

1.3% - Transportation | 6% Communications | 2% Energy | 3% Health | 58% Finance, Insurance

Organization Value
701/801 LLC $1,000,001
Abbott Laboratories $15,001 to $50,000
AES Corp $1,001 to $15,000
America West Holding Corp $50,001 to $100,000
American Funds Euro Pacific $50,001 to $100,000
American Funds Euro Pacific Growth Fund $1,000,001
American Funds Growth Fund of America $750,002 to $1,500,000
American Funds Income Fund $250,001 to $500,000
American Funds Investment Co of America $250,001 to $500,000
American Funds New Perspective $500,001 to $1,000,000
American Funds Small Cap World Fund $250,001 to $500,000
American Funds Washington Mutual Inv Fd $250,001 to $500,000
American Funds-Fundamental Investors Inc $250,001 to $500,000
Anheuser-Busch $1,150,004 to $1,300,001
Antelope Meadows LLC $100,001 to $250,000
Applied Materials Inc $100,001 to $250,000
Aqua America $15,001 to $50,000
Automatic Data Processing Inc $15,001 to $50,000
Bank Capital Corp $100,001 to $250,000
Bank of the Southwest $1,000,001
Bank One Accounts $102,003 to $280,000
Bear Stearns $15,001 to $50,000
BP $15,001 to $50,000
Bristol-Myers Squibb $15,001 to $50,000
Byron Center State Bank/CD $50,001 to $100,000
Capital One FSB/CD $15,001 to $50,000
Caterpillar Financial Services $65,002 to $150,000
Centennial Money Market Account $250,001 to $500,000
ChevronTexaco $15,001 to $50,000
Cindy McCain 1996 Irrevocable Trust/Cash $1,001 to $15,000
Cindy McCain Revocable Trust ML $500,001 to $1,000,000
Citigroup Inc $80,003 to $200,000
Coca-Cola Co $15,001 to $50,000
Corning Inc $15,001 to $50,000
Cross Country Bank/CD $30,002 to $100,000
Dream Catcher Family LLC $500,001 to $1,000,000
Estrella Medical Plaza LLC $50,001 to $100,000
Eurobank/CD $15,001 to $50,000
Exxon Mobil $100,001 to $250,000
Family Residential Property $1,000,001
Fannie Mae Bond $15,001 to $50,000
Fannie Mae Note $31,003 to $115,000
Fielder’s Choice LLC $100,001 to $250,000
First Signature Bank & Trust/CD $15,001 to $50,000
First USA Bank/CD $50,001 to $100,000
Flagstar Bank/CD $45,003 to $150,000
Ford Motor Credit Co $100,002 to $200,000
Fortune Brands $50,001 to $100,000
Freddie Mac Securities $45,003 to $150,000
General Electric $100,001 to $250,000
Gold Bank/CD $15,001 to $50,000
Goldman Sachs $65,002 to $150,000
Guest House & Land Adjacent to Residence $500,001 to $1,000,000
Hewlett-Packard $15,001 to $50,000
Home Depot $50,001 to $100,000
Hospira Inc $1,001 to $15,000
IBM Corp $50,001 to $100,000
Intel Corp $50,001 to $100,000
JMJ Land Co $0 to $1,000
Johnson & Johnson $50,001 to $100,000
JP Morgan Chase & Co $50,001 to $100,000
Key Bank/CD $65,002 to $150,000
King Aviation $1,000,001
Lehman Brothers Bank FSB/CD $15,001 to $50,000
LM Ericsson Telephone $1,001 to $15,000
Lord Abbett Affiliated Fund $500,001 to $1,000,000
Lord Abbett Mid Cap Value Fund $600,002 to $1,250,000
Lucent Technologies $15,001 to $50,000
Maricopa County, Arizona Bond $275,007 to $750,000
Medco Health Solutions $1,001 to $15,000
Medtronic Inc $15,001 to $50,000
Merck & Co $15,001 to $50,000
Merrill Lynch Money Market $0 to $1,000
Microsoft Corp $100,001 to $250,000
Nationsbank Corp $100,001 to $250,000
Navy Federal Credit Union $1,001 to $15,000
New York Life Insurance Policy $1,500,002 to $2,000,001
New York Times $15,001 to $50,000
One Group Arizona Municipal Bond Fund $50,001 to $100,000
One Group Diversified Equity Fund $250,001 to $500,000
One Group Diversified International Fund $15,001 to $50,000
One Group International Equity Index Fnd $100,001 to $250,000
One Group Large Cap Growth Fund $250,001 to $500,000
One Group Large Cap Value Fund $250,001 to $500,000
One Group Mid Cap Growth Fund $250,001 to $500,000
One Group Mid Cap Value Fund $250,001 to $500,000
One Group Municipal Income Fund $50,001 to $100,000
One Group Municipal Money Market Fund $500,001 to $1,000,000
One Group Small Cap Growth Fund $50,001 to $100,000
One Group Small Cap Value Fund $50,001 to $100,000
Pfizer Inc $50,001 to $100,000
Phoenix, Arizona Bond $165,003 to $400,000
Princess Medical Center $50,001 to $100,000
Providian National Bank/CD $65,002 to $150,000
Royal Dutch Petroleum $50,001 to $100,000
Sand Ridge Bank/CD $15,001 to $50,000
SAP AG $15,001 to $50,000
SBC Communications $15,001 to $50,000
Sedona Hidden Valley LP $500,001 to $1,000,000
Sedona Property $1,000,001
Sedona Vacant Land $50,001 to $100,000
St Paul Travelers Companies $1,001 to $15,000
Sun Life of Canada Insurance Policy $100,001 to $250,000
TCF Financial $50,001 to $100,000
Tellabs Inc $1,001 to $15,000
Unimproved Land Adjacent to Residential $500,001 to $1,000,000
US Govt Money Market Fund $1,001 to $15,000
Verizon Communications $15,001 to $50,000
Wachovia Bank $16,002 to $65,000
Wal-Mart Stores $50,001 to $100,000
Walt Disney Co $100,001 to $250,000
Wells Fargo $65,002 to $150,000
Wild River LLC $1,001 to $15,000
Wyeth $15,001 to $50,000

2005 Financial Assets:

72% Finance, Insurance | 13% Misc. | 12 % Transportation | 2% Communications | 0% Energy

Organization Value
701/801 LLC $1,000,001
AES Corp $15,001 to $50,000
Alaska Municipal Bond $15,001 to $50,000
Alcatel-Lucent $15,001 to $50,000
American Funds Capital World & Income $500,001 to $1,000,000
American Funds Europacific Growth Fund $1,000,001
American Funds Europaific Fund $100,001 to $250,000
American Funds Fundamental Investors $500,001 to $1,000,000
American Funds Growth Fund $250,001 to $500,000
American Funds Growth Fund of America $1,000,001
American Funds Income Fund $250,001 to $500,000
American Funds Investment Co of America $500,001 to $1,000,000
American Funds New Perspective $1,000,001
American Funds Small Cap World Fund $250,001 to $500,000
American Funds Washington Mutual Inv Fd $500,001 to $1,000,000
Anheuser-Busch $1,115,004 to $1,250,001
Antelope Meadows LLC $100,001 to $250,000
Applied Materials Inc $15,001 to $50,000
Bank Capital Corp $500,001 to $1,000,000
Bank of the Southwest $1,000,001
Bear Stearns $15,001 to $50,000
Byron Center State Bank/CD $50,001 to $100,000
Capital One Bank/CD $15,001 to $50,000
Capital One FSB/CD $15,001 to $50,000
Caterpillar Financial Services Corp $30,002 to $100,000
Centennial Money Market Account $250,001 to $500,000
Chicago, IL Tax Increment Bond $15,001 to $50,000
Cindy H McCain Revocable Tr Merril Lynch $500,001 to $1,000,000
Citigroup Inc $65,002 to $150,000
Cross Country Bank/CD $15,001 to $50,000
E 470 Public Highway Authority CO Bond $30,002 to $100,000
Elgin, TX Independent School Dist Bond $15,001 to $50,000
Estrella Medical Plaza LLC $150,002 to $350,000
Eurobank/CD $15,001 to $50,000
Fannie Mae Bond $46,004 to $165,000
Fielder’s Choice LLC $100,001 to $250,000
First Signature Bank & Trust/CD $15,001 to $50,000
Flagstar Bank/CD $45,003 to $150,000
Ford Motor Credit Co $30,002 to $100,000
Freddie Mac $45,003 to $150,000
General Electric $50,001 to $100,000
Gold Bank/CD $15,001 to $50,000
Goldman Sachs Note $65,002 to $150,000
Houston, TX Water & Sewer System Bond $15,001 to $50,000
Illinois State Zero Coupon Bond $15,001 to $50,000
Intel Corp $15,001 to $50,000
Investment Property $1,000,001
JP Morgan AZ Muncipal Bond Fund Select $100,001 to $250,000
JP Morgan Chase Accounts $502,003 to $1,030,000
JP Morgan Diversified Mid Cap Growth Fd $250,001 to $500,000
JP Morgan Diversified Mid Cap Value Fund $250,001 to $500,000
JP Morgan International Equity Fund $150,002 to $350,000
JP Morgan Large Cap Growth Fund $250,001 to $500,000
JP Morgan Large Cap Value Fund $250,001 to $500,000
Jp Morgan Municipal Income Bond Fund Sel $50,001 to $100,000
JP Morgan Municipal Money Market Premier $1,000,001
JP Morgan Small Cap Growth Fund $50,001 to $100,000
JP Morgan Small Cap Value Fund $50,001 to $100,000
JP Morgan US Equity Fund $250,001 to $500,000
Kansas City, KS Single Family Bond $15,001 to $50,000
Kendall, Kand & Will County Bond $15,001 to $50,000
Key Bank/CD $15,001 to $50,000
King Aviation $1,000,001
Lehman Brothers Bank/CD $15,001 to $50,000
Lord Abbett Affiliated Fund $1,000,001
Lord Abbett Mid Cap Value Fund $600,002 to $1,250,000
Maricopa County, AZ Bond $290,008 to $800,000
Merck & Co $15,001 to $50,000
Merrick Bank/CD $15,001 to $50,000
Merrillville, IN Bond $15,001 to $50,000
Miami Dade County Bond $15,001 to $50,000
Microsoft Corp $50,001 to $100,000
Mohave County, Az Elem School Bond $15,001 to $50,000
Nationsbank Corp Bond $100,001 to $250,000
Navy Federal Credit Union $0 to $1,000
New York Life Insurance $1,500,002 to $2,000,001
North Slope Boro, Ak Bond $15,001 to $50,000
One Group Arizona Muncipal Bond Fund $0 to $1,000
One Group Diversified Equity Fund $0 to $1,000
One Group Diversified International $0 to $1,000
One Group International Equity Index $0 to $1,000
One Group Large Cap Growth Fund $0 to $1,000
One Group Large Cap Value Fund $0 to $1,000
One Group Mid Cap Growth Fund $0 to $1,000
One Group Mid Cap Value Fund $0 to $1,000
One Group Municipal Income Fund $0 to $1,000
One Group Municipal Money Market $0 to $1,000
One Group Small Cap Growth Fund $0 to $1,000
One Group Small Cap Value Fund $0 to $1,000
Palm Beach County, Fl Sld Bond $100,001 to $250,000
Pfizer Inc $50,001 to $100,000
Phoenix, AZ Bond $165,003 to $400,000
Princess Medical Center $50,001 to $100,000
Providian National Bank/CD $65,002 to $150,000
San Antonio, TX Refunding Bond $15,001 to $50,000
Sand Ridge Bank 4.2% Cd 09/07/2010 $15,001 to $50,000
Sedona Hidden Valley Guest House & Land $500,001 to $1,000,000
Sedona Hidden Valley Unimproved Land $500,001 to $1,000,000
Sedona Property $1,000,001
Sedona Vacant Land $50,001 to $100,000
Sun Life of Canada Insurance Policy $100,001 to $250,000
TCF Financial $50,001 to $100,000
US Airways $100,001 to $250,000
US Government Money Market Fund $15,001 to $50,000
Utah St Mun Fin Coop Bond $15,001 to $50,000
Wachovia Bank $16,002 to $65,000
Wal-Mart Stores $50,001 to $100,000
Walt Disney Co $100,001 to $250,000
Washington State Series F Bond $15,001 to $50,000
Wells Fargo $15,001 to $50,000
Wild Rapids LLC/Checking $1,001 to $15,000
Wild River LLC/Checking $1,001 to $15,000

2006 Financial Assets :

46% REAL ESTATE ! | 27% Beer, Wine , Liquor | 14% Air Transportation | 5% Commercial Banks | 1% Finance, Credit | 5% Misc. Finance

Organization Value
701/801 LLC $1,000,001
Alaska Municipal Revenue Bond $15,001 to $50,000
American Funds Capital World G/I Fund $1,000,001
American Funds Europacific Fund $100,001 to $250,000
American Funds Europacific Growth Fund $1,000,001
American Funds Fundamental Investors $1,000,001
American Funds Growth Fund of America $1,250,002 to $1,500,001
American Funds Income Fund $250,001 to $500,000
American Funds Investment Co of America $500,001 to $1,000,000
American Funds New Perspective Fund $1,000,001
American Funds Small Cap World Fund $500,001 to $1,000,000
American Funds Washington Mutual Fund $500,001 to $1,000,000
Anaheim, CA PFA Lease Bond $15,001 to $50,000
Anheuser-Busch $1,150,004 to $1,300,001
Antelope Meadows LLC/Note Receivable $50,001 to $100,000
Arizona Bank & Trust $0 to $1,000
Arizona Water Infrastructure Bond $100,001 to $250,000
Arkansas State College Savings Bond $1,001 to $15,000
Bank Capital Corp $265,002 to $550,000
Bear Stearns $15,001 to $50,000
Beneficial Interest in James Hensley Qua $1,500,002 to $2,000,001
Beneficial Interest in Life Insurance $0 to $1,000
Byron Center State Bank/CD $50,001 to $100,000
Capital One Bank/CD $30,002 to $100,000
Caterpillar Fiancial Services $30,002 to $100,000
Centennial Money Market $1,001 to $15,000
Chandler AZ Water & Sewer Bond $100,001 to $250,000
Chase Bank/Checking-Savings $1,002,003 to $1,030,001
Chicago, IL Tax Increment Bond $15,001 to $50,000
Citigroup Inc $65,002 to $150,000
CM Revocable Trust Merrill Lynch Tr $500,001 to $1,000,000
Cook County IL Burbank Bond $1,001 to $15,000
Cross Country Bank/CD $15,001 to $50,000
Crowley Tx Indpt School Bond $1,001 to $15,000
Davis New York Venture Fund $1,000,001
Desert Sands Ca Unified Bond $50,001 to $100,000
Dream Catcher Family LLC $2,000,002
Du Page County IL Bond $15,001 to $50,000
E 470 Public Hwy Auth Co Bond $30,002 to $100,000
Elgin Tx Independent School Dist Bond $15,001 to $50,000
Estrella Medical Plaza LLC $151,003 to $365,000
Eurobank/CD $15,001 to $50,000
Fannie Mae Note $46,004 to $165,000
Fielder’s Choice LLC (Investing) (Unde $100,001 to $250,000
First Signature Bank&TR/CD $15,001 to $50,000
Flagstar Bank FSB/CD $45,003 to $150,000
Ford Motor Credit Co $65,002 to $150,000
Freddie Mac Note $45,003 to $150,000
Glendale AZ Mun PPTY Corp Bond $100,001 to $250,000
Gold Bank/CD $15,001 to $50,000
Goldman Sachs $65,002 to $150,000
Guest House & Land Adjacent to Residence $500,001 to $1,000,000
Hensley & Co $3,000,003
Houston Tx Water & Sewer Bond $15,001 to $50,000
Illinois Davel Fin Auth Rev School Dist $15,001 to $50,000
Illinois State Zero Cpn Bond $16,002 to $65,000
JP Morgan Arizona Municipal Bond Fund $100,001 to $250,000
JP Morgan Diversified Mid Cap Growth Fnd $300,002 to $600,000
JP Morgan Diversified Mid Cap Value Fund $300,002 to $600,000
JP Morgan Emerging Markets Equity Fund $16,002 to $65,000
JP Morgan International Equity Fund $150,002 to $350,000
JP Morgan Intl Equity Index Fund $250,001 to $500,000
JP Morgan Intrepid America Fund $65,002 to $150,000
JP Morgan Japan Fund Select $16,002 to $65,000
JP Morgan Large Cap Growth Fund $300,002 to $600,000
JP Morgan Large Cap Value Fund $350,002 to $750,000
JP Morgan Liquid Assets Money Market $100,001 to $250,000
JP Morgan Multi Cap Market Neutral Fund $65,002 to $150,000
JP Morgan Municipal Income Bond Fund $100,001 to $250,000
JP Morgan Municipal Money Market Premier $1,251,004 to $2,515,000
JP Morgan Small Cap Growth Fund $115,002 to $300,000
JP Morgan Small Cap Value Fund $115,002 to $300,000
JP Morgan US Equity Fund $265,002 to $550,000
JP Morgan US Real Estate Fund $15,001 to $50,000
JP Morgan/Checking $1,001 to $16,000
JPMorgan High Yield Bond Fund Select $15,001 to $50,000
JPMorgan Intermediate Tax Free Bond Fund $15,001 to $50,000
JPMorgan Market Expansion Index Fund $15,001 to $50,000
JPMorgan US Government Money Market $15,001 to $50,000
Kansas City Ks Sngle Fam Bond $15,001 to $50,000
Keller Tx Isd Bond $16,002 to $65,000
Kendall Kane & Will County Bond $15,001 to $50,000
Keybank Na 510% CD 5/22/09 $15,001 to $50,000
King Aviation $1,000,001
Lehman Brothers Bank FSB 40% CD 6/23/200 $15,001 to $50,000
Leon County Fl Certificates of Participa $100,001 to $250,000
Lord ABB Mid Cap Value Fund $100,001 to $250,000
Lord Abbett Affiliated Fund $1,000,001
Lord Abbett Mid Cap Value Fund $1,000,001
Lubbock Tx Hsg Fin Corp Bond $1,001 to $15,000
Maricopa Az Indust Devel Auth Single Fam $1,001 to $15,000
Maricopa County AZ Elementary School Di $50,001 to $100,000
Maricopa County AZ Unified School Distr $50,001 to $100,000
Maricopa County, AZ Bond $290,008 to $800,000
Merrick Bank 415% CD 9/28/2007 $15,001 to $50,000
Merrillville, In Multi Bond $15,001 to $50,000
Miami Dade County Bond $15,001 to $50,000
Miscellaneous Home Furnishings $15,001 to $50,000
Mohave AZ School Bond $0 to $1,000
Murrieta Vy Ca Usd Ser A Bond $15,001 to $50,000
Navy Federal Credit Union/Checking-Svgs $1,001 to $15,000
New York Whole Life Policy $500,001 to $1,000,000
North Slope Boro Ak Bond $45,003 to $150,000
Pacific Marine Credit Union/Checking $1,001 to $15,000
Palm Beach Cnty FL Solid Waste Auth Rev $100,001 to $250,000
Phoenix, AZ G/O Bond $100,001 to $250,000
Phoenix, AZ Revenue Bond $215,003 to $550,000
Pima County, AZ Bond $100,001 to $250,000
Pima County, AZ Unified School District $100,001 to $250,000
Princess Medical Center LLC $0 to $1,000
Providian National Bank/CD $65,002 to $150,000
Residential Property $1,000,001 ?
San Antonio, Tx Refunding Bond $15,001 to $50,000
Sand Ridge Bank/CD $15,001 to $50,000
Scottsdale, AZ Preserve Note $100,001 to $250,000
Sedona Property/Two Single Fam Residence $1,000,001
Sedona Vacant Land $50,001 to $100,000
St Clair County, IL Public Bond $250,001 to $500,000
Sun Life of Canada Universal Life Policy $250,001 to $500,000
TCF Financial $50,001 to $100,000
Tempe, AZ Bond $100,001 to $250,000
Texas Municipal Power Agency Bond $1,001 to $15,000
Texas Public Financing Authority Bond $50,001 to $100,000
Unimproved Land Adjacent to Residential $100,001 to $250,000
US Airways $100,001 to $250,000
Utah St Mun Fin Coop Bond $15,001 to $50,000
Wachovia Bank/Checking $16,002 to $65,000
Walt Disney Co $100,001 to $250,000
Washington St Series F Bond $15,001 to $50,000
Washington State Motor Vehcle Bond $15,001 to $50,000
Wells Fargo $15,001 to $50,000
West Virginia Infrastructure Bond $1,001 to $15,000
Westmoreland County, Pa Muni Bond $15,001 to $50,000
Wild Creek Enterprises $50,001 to $100,000
Wild Rapids LLC/JP Morgan Checking $1,001 to $15,000
Wild River LLC/JP Morgan Checking $1,000,001
Will County, IL Community Cons Bond $15,001 to $50,000
Wylie, Tx Independent School Bond $50,001 to $100,000

There is probably nothing to it, but you have to wonder, as John McCain jets around the country claiming everything from knowing how to get Osama Bin Laden, to warning of impending disaster in the financial markets, why would he suddenly change 50% of his portfolio into those very same Real Estate and Mortgage markets in 2006?

Source : Open Secrets.org

See Also:

The McCain Story the Media hasn’t Told You

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