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Cantor has $15,000 in a fund that is short bonds = pure corruption

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StarburstClock Donating Member (583 posts) Send PM | Profile | Ignore Thu Jul-14-11 04:09 PM
Original message
Cantor has $15,000 in a fund that is short bonds = pure corruption
The guy cashes in if the U.S. defaults on its' loans:

http://thinkprogress.org/politics/2011/07/08/263264/olson-cantor-shorting-treasury/

---GOP Lawmaker Refuses To Believe The Fact That Rep. Eric Cantor Is Shorting U.S. Treasury Bonds

Last month, Salon reported that House Majority Leader Eric Cantor (R-VA) is personally invested in a fund that “aggressively ‘shorts’ long-term U.S. Treasury bonds, meaning that it performs well when U.S. debt is undesirable.” Cantor owns up to $15,000 in the fund, which is called the ProShares Trust Ultrashort 20+ Year Treasury ETF. Cantor, who leads the House GOP’s debt ceiling negotiations, would see his ETF rise dramatically in value if Republicans allow the country to default on its debt.---
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Fearless Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 04:13 PM
Response to Original message
1. Just great.
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closeupready Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 04:18 PM
Response to Original message
2. OMG. What a weasel.
:mad:
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Oceansaway Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 04:18 PM
Response to Original message
3. k & r...nt
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wilt the stilt Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 04:21 PM
Response to Original message
4. In an earlier time
he would have collaborated with the Nazis.
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fascisthunter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 04:22 PM
Response to Reply #4
5. without a doubt... some Republicans actually did share inteersts with the Nazi Party
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proud patriot Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 04:24 PM
Response to Original message
6. Good this is getting legs ... spread far and wide
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ClarkUSA Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 04:24 PM
Response to Original message
7. If Steny Hoyer was doing this, every single MSM whore would be screaming about it.
But since it's Eric Cantor, it's radio silence.
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Uncle Joe Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 04:26 PM
Response to Original message
8. Kicked and recommended.
Thanks for the thread, StarburstClock.
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The Magistrate Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 04:28 PM
Response to Original message
9. It damn Sure Is, Sir: Betting Against Your Team Gets You Thrown Out Of the League....
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Wait Wut Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 04:40 PM
Response to Original message
10. My faith in humanity is faultering.
The guy is a weasel. But...I just can't believe that anyone, ANYONE, could throw an entire country under the bus to make a few bucks. I want to give him the benefit of the doubt. I want to believe that even he couldn't be that sick. I need to believe it was just a coincidence in order to believe in the human soul.

Someone tell me I'm right. It was just a fluke, right?
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taught_me_patience Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 04:55 PM
Response to Original message
11. This is seriously NOT a big deal.
$15,000 is a small investment. Secondly, he can make the argument that he believes that economy will improve, thus driving up bond yields, and increasing the value of his bond shorts.
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bbinacan Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 06:02 PM
Response to Reply #11
14. Very good point. n/t
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StarburstClock Donating Member (583 posts) Send PM | Profile | Ignore Thu Jul-14-11 10:47 PM
Response to Reply #11
16. Very bad point, it is a big deal and a highly speculative investment
Glad to see you think having 15G just laying around like small change to throw at ETFs is nothing, it's nice to imagine being one of the 1%ers sometimes. To most people like me, especially those with bank accounts, jobs, obligations and families to take care of, we don't like corrupt politicos speculating on their own legislation, it looks and is CORRUPT AS HELL.

It's a BIG DEAL.
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Thu Jul-14-11 05:01 PM
Response to Original message
12. Deleted message
Message removed by moderator. Click here to review the message board rules.
 
AndyTiedye Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 05:07 PM
Response to Original message
13. Kinda Reminds You of the People Who Shorted the Airlines Just Before 9/11
:grr:
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LiberalAndProud Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 06:05 PM
Response to Original message
15. Pete Olson. Which of the three monkeys is he?
idiot
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