sangha
Senior Member
- Jun 1, 2010
- 5,997
- 179
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Investing in the hopes the US economy will fall must be why Cantor is doing everything he can to destroy this country. This traitor is betting that the US will fail.
And he's losing!!!
Think Progress Eric Cantor’s financial disclosures reveal that he bets against U.S. Treasury bonds.
And he's losing!!!
Think Progress Eric Cantor’s financial disclosures reveal that he bets against U.S. Treasury bonds.
Eric Cantors financial disclosures reveal that he bets against U.S. Treasury bonds
House Minority Whip Eric Cantor (R-VA) has often expressed concern for how Obama administration policies are supposedly a grave danger to Americas 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], the Republican whip in the House of Representatives, 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 Americas prosperity, one would have to wonder why he is literally betting against its financial future. The Washington Independents Annie Lowrey adds that Cantor is not a very canny investor. The fund is down 31 percent this year.