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MGA KAGILA-GILALAS NAKWENTONG PERA AT PULITIKA
A presentation by
Malou Mangahas, Che de los Reyes, Karol Anne Ilagan
 
 
Story 1:Top bets grow wealth
•The mysteries of money and politics:•They keep running, their wealth keeps rising:*
Benigno Simeon Cojuangco Aquino III* Jose Marcelo Ejercito (Joseph Estrada)* Richard Juico Gordon* Gilberto Cojuangco Teodoro Jr.* Manuel Bamba Villar Jr.
PCIJ Database:
Statements of assets, liabilities and net worth (SALNs); personal data sheets; Statements of Electoral Contributions and Expenditures; records of the Securities and Exchange Commission; candidates’reports on performance in public office; Commission on Audit reports; other data files
 
Why, why, why?
• Why run for president?
▫Financial suicide? P60,000 monthly salary, cost-benefit ratio skewed
• Why rise in net worth?
▫Rather than sliding to poverty because of fortunes they might havelost on elections, these candidates in fact managed to grow their wealth and net worth by small to phenomenal amounts over the years.
• Why rise in net worth after an election year?
▫The spike in declared net worth typically came after an election year – while they were serving in office and should not have benefited fromother business or financial transactions.
• Why rise in net worth amid the financial crisis?
▫The spike in declared net worth even defied the slump in the local andglobal economy because of the financial crisis that visited in 1997 andagain in 2008.
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