Greg Fischer, as you all know, filed his personal financial disclosure nearly two weeks late. He didn’t even sign the document until more than a week after the deadline.
But what’s really interesting is that Fischer, who has repeatedly attacked Bruce Lunsford for his business record, has investments in five publicly traded funds which invest in– get this– Ventas and Kindred, both formed out of the original Vencor.
Really.
From a Lunsford press release:
“Greg Fischer has gone against the will of Kentucky’s voters and Democratic leaders by taking a page out of Mitch McConnell’s playbook, slinging mud at his fellow Democrat Bruce Lunsford rather than focusing on what he would do as Senator to improve the lives of Kentucky families,” Lunsford spokesperson Allison Haley said. “The fact that all the while, Fischer has investments in the very companies he claims Bruce ran into the ground makes Fischer’s actions the ultimate hypocrisy.”
Fischer’s disclosure reveals that his investment portfolio includes funds that have a combined total investment of over $26 million in Ventas and Kindred.
Imagine that. Fischer attacks Lunsford repeatedly and then hides his finances from the public eye. And it turns out he holds the same interests that Bruce Lunsford holds.
What was that about being an “open book” ?
What else does Greg Fischer have to hide?
UPDATE: So, I thought Greg Fischer was super-wealthy? His personal financial disclosure doesn’t even put him in the realm of Yarmuth family money. Guess we’re finally learning that he can’t really afford to self-finance a serious primary campaign without personally sacrificing, let alone finance a race against Mitch McConnell.
Interesting to note that he holds an interest in the liberal devils: Wal-Mart, Monsanto, China Oilfield Services, Philip Morris, Halliburton. Sure some of them are part of trusts to which he’s been given or part of investment funds, but they’re still financial interests owned by him or investments from which he personally benefits.
You may view Greg Fischer’s personal financial disclosure form by clicking here. Warning: It’s a PDF file, over 900K in size. It’ll take a while to load.
Background information after the jump…
Greg Fischer Repeatedly Criticized Lunsford’s Management of Vencor, Predecessor to Ventas & Kindred…
Greg Fischer launched unfair and inaccurate television ads attacking Bruce Lunsford’s management of Vencor. Greg Fischer aired a television ad in which an elderly actress describes Lunsford’s business record as unethical. The ad shows headlines across the screen and falsely implies that Lunsford was responsible for evicting patients and defrauding Medicare. Even though his attacks were harshly criticized by newspapers and prominent democrats, Fischer announced in a press conference that he would continue to focus on the issue. [Fischer TV Ad; Fischer Press Release 5/1/2008]
Greg Fischer Failed to File his PFD on Time…
Greg Fischer Failed to File his Personal Financial Disclosure Report on Time. Senate ethics rules required all candidates in the Kentucky Democratic primary for U.S. Senate to submit their personal financial disclosure form to the Senate Ethics Committee by thirty days before the election. This year, the form was due in their office on 4/20/08. Fischer did not file his disclosure until 5/1/08, eleven days after the deadline. Examination of the actual disclosure filed by Fischer reveals he signed and dated the disclosure form on 4/28/08, eight days after it was due. [Greg Fischer Personal Financial Disclosure Form, 4/28/08; Ethics in Government Act]
Was Fischer Trying to Hide His Investments in Vencor’s Descendants, Ventas & Kindred???
- Fischer Actually Owns Publically Traded Investments in Ventas & Kindred; Corporate Descendants of Vencor. Despite repeated criticism and false personal attacks against Bruce Lunsford for how he ran Vencor, Greg Fischer invested in five different public funds which have a combined total of over $26 million invested in Ventas and Kindred, both corporate descendants of Vencor. [Greg Fischer Personal Financial Disclosure Form, 4/28/08; Russell 1000 Growth Index Fund Daily Holdings as of 5/1/2008; Russell 2000 Value Index Fund Daily Holdings as of 5/1/2008; Russell 1000 Index Fund Daily Holdings as of 5/1/2008; Russell 2000 Index Fund Daily Holdings as of 5/1/2008; Portfolio Holdings Listing, Fidelity Investment Grade Bond Fund as of February 29, 2008]
- Fischer’s financial disclosure revealed investments in the publically traded iShares Russell 1000 Growth Index Fund (IWF), which holds 248,251 shares in Ventas Inc, valued at $12,325,662.15. [Russell 1000 Growth Index Fund Daily Holdings as of 5/1/2008]
- Fischer’s financial disclosure revealed investments in the publically traded iShares Russell 2000 Value Index Fund (IWN), which holds 182,625 shares in Kindred Healthcare Inc, valued at $4,386,652.50. [Russell 2000 Value Index Fund Daily Holdings as of 5/1/2008]
- Fischer’s financial disclosure revealed investments in the publically traded iShares Russell 1000 Index Fund (IWB), which holds 37,850 shares in Ventas Inc, valued at $1,879,252.50. [Russell 1000 Index Fund Daily Holdings as of 5/1/2008]
- Fischer’s financial disclosure revealed investments in the publically traded iShares Russell 2000 Index Fund (IWM), which holds 256,127 shares in Kindred Healthcare Inc, valued at $6,152,170.54. [Russell 2000 Index Fund Daily Holdings as of 5/1/2008]
- Fischer’s financial disclosure revealed investments in the publically traded Fidelity Investment Grade Bond Fund (FBNDX), which holds bonds with Ventas, Inc, valued at $1,387,869. [Portfolio Holdings Listing, Fidelity Investment Grade Bond Fund as of February 29, 2008]






9 responses so far ↓
1 » Leftovers: Too Short To Put Anywhere Else What’s Required: Progress in the Commonwealth // May 5, 2008 at 2:37 pm
[...] Jake goes after Greg Fischer. Hard. [...]
2 Steve Bittenbender // May 5, 2008 at 2:58 pm
There’s a theory that if you put enough monkeys in front of typewriters eventually one of them will produce a work of Shakespeare.
I start with that because Jake has for weeks now sat in front of a keyboard yet he has not produced a tangible post demonstrating why Greg Fischer should not be our Democratic nominee.
Jake, do you have any clue how mutual funds work? Greg Fischer has as much control over them as he has over the sun.
BTW, the Russell 1000 index includes Halliburton. Does that make everyone who invests in that fund Cheney cronies?
Let me answer that. Uh, no.
And while I’m at it, let me ask this — If Greg Fischer is such a non-factor, why are you and the Lunsford campaign wasting so much time bashing him? If he’s supposedly neck and neck with David Williams and Dr. Ted’s pal, why look back at all?
Obviously, there’s legitimate concern that Fischer’s trending up while Lunsford is past his peak.
In the meantime, keep typing away Jake.
3 jake // May 5, 2008 at 3:15 pm
Actually, yeah, I have a lot of experience with mutual and various other investment funds. They’re the only reason I have escaped massive medical debt over the years.
I know that Greg Fischer *knows* what his funds invest in. And I know that his PFD was filed 11 or 12 days late. So that tells me his campaign was concerned. (And they didn’t even bother to float this months ago, when the damage could have been controlled).
(Anyone who invests in a fund that pushes money to Halliburton should be ashamed.)
I know enough to know that if Greg Fischer really and truly believes half the shit he’s spewed, he would have ended his ties with those investment funds long ago. Or at least when it became clear he wanted to attack Bruce.
Like I’ve said time and time again– I write about Greg Fischer because the way his ship is running is embarrassing. And partially because it’s entertaining. Fischer isn’t getting close enough to touch Lunsford’s lead. It’s not happening. I’m a blogger and run a scandal sheet, so it’s my job to talk about all the outlandish crap that goes down.
Thanks for always being an expert at everything, Bittenbender.
4 JL // May 5, 2008 at 3:20 pm
Fischer trending up? Is there a new poll out?
I think Jake’s activity is based on what drives readers.
Lunsford probably wants to stop the effect the Fischer ads are having on his numbers. Fischer can’t win and come May 21 McConnell will send him a box of chocolates.
5 Steve Bittenbender // May 5, 2008 at 4:32 pm
Can’t help being an expert at everything. I’m a former journalist and spokesperson. I’m paid to know.
And those who think Fischer is helping McConnell are fooling themselves. Our senior Senator knew Bruce Lunsford’s soft points long before Greg Fischer even thought of running.
6 JL // May 5, 2008 at 5:15 pm
Fischer is giving McConnell a $500,000 head start.
7 E PLURIBUS UNUM // May 5, 2008 at 10:14 pm
Oh, Jake, Please tell us just what “other various investment funds ” you are familiar with in addition to “mutual” funds…..???
Know the difference between an open ended investment company and a close ended investment company? Exactly WHAT is an investment company?
Got your series 6, or series 7 or your series 63?
Obviously no to all above because you cannot tell a FAUX DEMOCRAT (Lunsford) from a REAL Democrat (Fischer)
Blog on oh GREAT ONE
8 Jennifer Turner // May 5, 2008 at 10:22 pm
funny how people who don’t know Bruce Lunsford keeping calling him a fake democrat
especially a certain guy named Bobby and his mom from Ashland that the lunsford campaign fired last year
9 E PLURIBUS UNUM // May 5, 2008 at 10:25 pm
Sorry, Jen No Bob am I
And I do know Bruce, just don’t drink his coolaid
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