Jim Moran has been just as reckless with his own money as he has with taxpayer money, so he’s just about broke. He made no secret to ARLnow that he wants to make big bucks in the private sector after retiring from Congress.
“Rep. Jim Moran is 69 years old and thrice-divorced, with the last split leaving him nearly broke. Moran reported no assets or liabilities in his financial disclosure report in 2010, in the middle of his divorce with businesswoman LuAnn Bennett, according to The Washington Post. He took home his congressional salary and a $10,000 teaching fee from George Mason University.
No longer as strapped for cash, the former stockbroker says he has no plans to retire from working when he leaves Congress, and will seek a high-paying job.
‘It’s a little embarrassing that I don’t own my own home or even my own car,’ Moran says.“
Jim Moran cites frustration with gridlock in Congress as his reason for retiring, but the real reason is pretty clearly just to cash in. We’ll see if he blows it all on the stock market again…