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Wednesday, June 16, 2004

The White House Likes Funds

by: Theresa Sim

The top economic advisor to President George Bush holds at least $91 million in mutual funds, Bloomberg News reported on Wednesday.

Stephen Friedman, a former co-chairman of Goldman Sachs, holds $36 million in the Goldman Sachs Financial Square Federal Fund and more than $55 million in Vanguard tax-exempt funds.

National Security Adviser Condoleezza Rice, has $1.14 million in assets, in stock mutual funds and real estate.

Andrew Card, chief of staff, holds between $1.25 million and $3 million in Legg Mason investments and real estate. 

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