http://www.politifact.com/truth-o-meter/statements/2014/jun/24/joe-biden/biden-says-he-has-no-stocks-bonds-or-savings-accou/
Just last week, we rated Clinton's claim that she and former President Bill Clinton were "dead broke" when they left the White House as Mostly False.
So how do Biden’s finances stack up?
At the North American International Auto Show in January, Biden said that when he first ran for office in 1972, he promised he would never own any stocks or bonds.
Biden’s office declined to comment on the record about his finances and whether or not he lived up to that promise. But we were able to look at Biden’s 2013 executive branch personnel public financial disclosure report, which was submitted just last month.
The report lists about a dozen investments, all of which fall into the $1,001 - $15,000 range.
However, they're not strictly his.
All 11 are designated by the letter "S"-- used to indicate that the holding belongs to the filer’s spouse. That means the 11 investments are owned by Jill Biden, his wife of 37 years.
But the savings accounts are a different story.
According to the disclosure documents, the Bidens have five savings accounts, which fall into a larger range. Some amounted to less than $1,001, while others fell into the $50,001 - $100,000 category.
Four of the five accounts belong to the vice president's wife, while the final one has the classification "J" -- a joint account that belongs to both of them. This U.S. Senate Federal Credit Union account's holdings fall into the $1,001 - $15,000 range.
Even if the investments aren't in the vice president's name, they are part of his household wealth, and he stands to benefit from their success, said George Pennacchi, a finance professor at the University of Illinois Urbana-Champaign.
Just last week, we rated Clinton's claim that she and former President Bill Clinton were "dead broke" when they left the White House as Mostly False.
So how do Biden’s finances stack up?
At the North American International Auto Show in January, Biden said that when he first ran for office in 1972, he promised he would never own any stocks or bonds.
Biden’s office declined to comment on the record about his finances and whether or not he lived up to that promise. But we were able to look at Biden’s 2013 executive branch personnel public financial disclosure report, which was submitted just last month.
The report lists about a dozen investments, all of which fall into the $1,001 - $15,000 range.
However, they're not strictly his.
All 11 are designated by the letter "S"-- used to indicate that the holding belongs to the filer’s spouse. That means the 11 investments are owned by Jill Biden, his wife of 37 years.
But the savings accounts are a different story.
According to the disclosure documents, the Bidens have five savings accounts, which fall into a larger range. Some amounted to less than $1,001, while others fell into the $50,001 - $100,000 category.
Four of the five accounts belong to the vice president's wife, while the final one has the classification "J" -- a joint account that belongs to both of them. This U.S. Senate Federal Credit Union account's holdings fall into the $1,001 - $15,000 range.
Even if the investments aren't in the vice president's name, they are part of his household wealth, and he stands to benefit from their success, said George Pennacchi, a finance professor at the University of Illinois Urbana-Champaign.
ing worthless. 