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Obama lost $248,000 in the market

March 19, 2009

Text: Ben Steverman

The man elected to lead the U.S. out of its financial crisis has experienced some financial pain himself.

Here's the good news for President Barack Obama, whose personal portfolio is partly disclosed in public filings: A conservative investing style may have saved the First Family from the deep market losses that afflicted many Americans' nest eggs.

However, based on the most recent financial disclosure forms from Obama, he still may have lost up to $248,000 in the financial markets since the beginning of 2008. His stock and bond investments may have lost 38 per cent of their value in the past 15 months.

Image: US President Barack Obama participates in a town hall meeting at the Orange County Fair and Event Center in Costa Mesa, California on ch 18, 2009. | Photograph: Larry Downing/Reuters

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