Friday, July 8, 2011

OMG! Republican Eric Cantor is Short Selling! Betting Against America to Make Big Profits!

I can't believe it! Republican whip Eric Cantor, John Boehner's right hand man, is profitting over our Economic downturns! There is Evidence! Eric Cantor is short-selling. For anyone who does not understand the Stock Market, this means Eric Cantor is BETTING that Government Bonds will FALL and therefore, he will PROFIT from this Fall! Cantor is perhaps the MOST DESPICABLE FIEND of all time! Cantor -- there are names for people like you! SHAME!
WASHINGTON -- House Majority Leader Eric Cantor (R-Va.) has a conflict of interest in the debt ceiling debate. The resolution goes after Cantor's investment in ProShares Trust Ultrashort 20+ Year Treasury ETF, a fund that "takes a short position in long-dated government bonds." The fund is essentially a bet against U.S. government bonds. If the debt ceiling is not raised and the United States defaults on its debts, the value of Cantor's fund would likely increase.

The Democratic resolution, from a Democratic source on the Hill, argues that Cantor "stands to profit from U.S. treasury default, which thereby raises the appearance of a conflict of interest," and that he "may be sabotaging [debt ceiling] negotiations for his own personal gain." It's not clear how widely the measure was being circulated, with a House Democratic aide saying they hadn't seen the resolution or heard it being discussed.

"Majority Leader Cantor has compromised the dignity and integrity of the Members of the House by raising the appearance of a conflict of interest in negotiations with the executive branch over raising the debt ceiling," adds the measure.


Felix Jaure said...

Dee, It doesn't take an economic expert to figure out what the problem is in our economy. Simple knowledge of basic math should be sufficient, unless of course you attended Fox News University, where nothing add's up.

Mandy Strongham said...

He is "so-so" thus far but if he represents Boehner, he is likely to surge in my estimation. Hopefully he hits that old fart away and get in on some action.

Anonymous said...

why is anyone surprised about cantor shorting the bonds. he hates this country, and despises having a black president - cantor is one sick nutcase

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