Posts Tagged ‘wants

26
Jun
11

betting against america….

Think Progress: House Minority Whip Eric Cantor has often expressed concern for how Obama administration policies are supposedly a “grave danger to America’s prosperity.” Now, the Wall Street Journal finds that Cantor actually invests in an exchange-traded fund that “takes a short position in long-dated government bonds” – effectively betting against the U.S. Treasury bonds that the government uses to fund its operations:

[Cantor] bought up to $15,000 in shares of ProShares Trust Ultrashort 20+ Year Treasury ETF last December, according to his 2009 financial disclosure statement. The exchange-traded fund takes a short position in long-dated government bonds. In effect, it is a bet against U.S. government bonds – and perhaps on inflation in the future.

If Cantor truly cares about “America’s prosperity,” one would have to wonder why he is literally betting against its financial future. The Washington Independent’s Annie Lowrey adds that “Cantor is not a very canny investor. The fund is down 31 percent this year.”

Thank you bjw2




@POTUS

@BarackObama

@WhiteHouse

@FLOTUS

@MichelleObama

@PeteSouza

Enter your email address to receive notifications of new posts by email.

@TheObamaDiary

@NerdyWonka

RSS Obama White House.gov

  • An error has occurred; the feed is probably down. Try again later.

RSS WH Tumblr

  • An error has occurred; the feed is probably down. Try again later.

RSS Steve Benen

  • Joe: Trump keeps going through the lies on Mar-a-Lago documents
  • Men and fathers are shifting toward Dems since May, polling shows
  • Peter Strzok: The FBI isn't targeting one side or the other
  • Joe: FBI is trying to protect Americans by keeping classified documents classified
  • Former national security adviser puts cold water on Trump's document claims

Categories

Archives

Blog Stats

  • 43,267,873 hits
August 2022
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031