Jake Tapper's article about Ralph Nader's stock portfolio badly misses the point. Most Americans don't have a problem with people owning stock in corporations. They object to corporations owning our democracy.

Ralph Nader may be trying to get a reasonable return on his earnings to better support efforts to improve consumer protections and increase democratic involvement -- what a horrible sin!

-- Frank Winter

Is this the best you can do -- criticize Nader and LaDuke for owning shares in the Magellan Fund? The fund is so large and diverse that owning shares in it is practically like owning a share of the whole stock market. Not to mention, do we really expect them to monitor every trade the fund managers make?

Might as well criticize them for accepting a ride in a car (pollution), flying (indirectly supports Boeing) or wearing clothes with artificial fibers (supports big polluting chemical companies).

Please, at least make an effort to find some REAL dirt.

-- David Hoffman

Yes, I would feel better about Ralph Nader if he would divest the 200 grand or so that he has invested in the Fidelity Magellan Fund, and put it into some "socially conscious" fund.

Continue Reading...