Political Quotes

Frank Pallone: Well, this is what I have. This is a Congressional Research Service report that was issued several weeks after he made…

On the recordSeptember 13, 2004
Well, this is what I have. This is a Congressional Research Service report that was issued several weeks after he made that statement on, I guess it was on Meet the Press, and Cheney made a statement that he severed the ties with the company, got rid of all his financial interests, has had no financial interest in Halliburton of any kind, has not had now for over 3 years. Despite those claims, the Congressional Research Service issued a report several weeks after that Meet the Press interview, and they concluded that, because he receives a deferred salary and continues to hold stock interests, he still has a significant financial interest in Halliburton. And they said, basically, he has $433,000 in stock options. Basically, his deferred salary is about $200,000 a year. That is what he gets deferred, because of these stock options, about $200,000 a year that he gets from Halliburton. This notion that somehow he does not have a financial interest anymore is just nonsense.
Said by
Frank Pallone
Democratic · New Jersey

Editor's note · Context

Discussing Vice President Cheney's financial ties to Halliburton.

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