Supreme Court nominee Sonia Sotomayor might be a good legal mind, but she has very little skin in the game of the U.S. economy.
According to Politico, Sotomayor does not have any investments in IRAs, 401(k)s, or taxable brokerage accounts. What she does have is a checking and savings account balance of between $50,000 and $115,000 at Citibank.
One of the key questions a court appointee faces is their take on business legal decisions. How can the next Supreme Court justice not even have experience with an IRA or a 401(k)? Does that even happen anymore? This is the 21st century.
Don't expect Sotomayor to have authentic shareholder interests at heart if she does get confirmed.
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