Mistakes and Misunderstandings

Ferraro and her husband disclose taxes, assets and deals

The disclosure last week that her parents were worth nearly $4 million was news even to Laura Zaccaro, 18. "Mom," she asked Geraldine Ferraro, "why do we always have to buy at sales?" The question was meant as a joke. Still, the mass of financial data released on the family's finances showed that the couple are indeed wealthy in terms of their varied real estate holdings, but far less so in cash income. Said Ferraro: "We're not flashy. We buy property and we maintain it, and it appreciates. That's what America is all...

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