Thursday, May 17, 2007 at 10:30 am EST

Money Talks: Obamas Divest for Darfur

Posted by JHC in Biography

A CNN report on presidential candidates’ financial holdings — which notes that “Obama and his wife, Michelle, reported assets ranging from $457,000 to $1.14 million — far more modest than most of the other leading presidential candidates” — noted an interesting fact about the Obama’s portfolio:

The Obama campaign announced Wednesday that the couple this year transferred about $180,000 in assets they held in the Vanguard Wellington Fund to Vanguard FTSE Social Index Fund after discovering that a small amount of the Vanguard Wellington Fund is invested in an oil-field services company active in Sudan.

This sort of socially-conscious investing and spending exemplifies how regular Americans can make a concrete difference on pressing global issues like the genocide in Darfur. It’s inspiring to see a major presidential candidate leading the way.

For more information about how you can have an impact in Darfur, check out the Save Darfur Coalition’s Divest for Darfur campaign website.

UPDATE: Tipster Stacy points us toward a Chicago Tribune article on the disclosures that labels Sen. Obama “The poor man among the top tier of presidential candidates,” adding, “It’s no wonder none of them wanted to disclose this information! Obama comes closest to the common man.”

Leave a reply