Why Is Eric Cantor Investing Against U.S.?

Discussion in 'Congress' started by Synthaholic, Jul 8, 2011.

  1. Synthaholic
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    Synthaholic Platinum Member

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    From the Wall Street Journal, so wingnuts cannot bitch about the source:

    What do Bill Gross, Evan Newmark and Rep. Eric Cantor have in common? They’re all betting against Treasury debt!

    But only one of these men has been involved in heated negotiations over the government’s debt ceiling, and that’s Eric Cantor, No. 2 Republican in the House.

    Mr. Cantor, who walked out of debt discussions with Vice President Joe Biden last week, owns up to $15,000 in shares of the ProShares Trust Ultrashort 20+ Year Treasury ETF, Salon notes today, updating a Wall Street Journal report on this from last year.

    Salon argues this means Mr. Cantor has a conflict of interest in the debt negotiations. Conventional wisdom holds that letting the talks fail would roil the bond market, hurting Treasurys, which would benefit Mr. Cantor. The TBT is up 3% since Mr. Cantor walked out of debt talks.
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  2. Modbert
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    Modbert Daydream Believer Supporting Member

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    If President Obama had even one dollar invested where he would profit from America's economy crashing, you can better believe it'd be on the front page of every major news source.
     
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  3. BentWingedAngel
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    BentWingedAngel Rookie

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    Because he is not a true American; plus he is betting on Obama taking the blame. TREASON? That is what the GOP is all about "internationalism" They(he) are all about making the money.
     
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    Last edited: Jul 8, 2011
  4. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Yeah its not like he has any fixed income securities he's trying to protect, right? He's GOTS-TA-B a Nekkid Short!!!
     
  5. California Girl
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    California Girl BANNED

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    You mean it would be a lead story on Fox.

    The rest would remain silent.

    SOP.
     
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  6. flacaltenn
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    flacaltenn USMB Mod Staff Member Gold Supporting Member

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    I was taught that when you have a future commodity SURPLUS and the buyers are fleeing and the commodity itself isn't what it USED to be --- THAT just might be a very appropriate "short"..

    HIRE THAT MAN...

    Give him the Tax Cheat Geihtner's job.. (He'll have to give up his shorts tho)
     
  7. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    The Wall Street Journal said it. This guy is a textbook example of a sell-out.
     
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  8. Synthaholic
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    Synthaholic Platinum Member

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    He's anti-American, with a HUGE conflict of interest.
     
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  9. theHawk
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    theHawk Registered Conservative

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    How is this "investing against the U.S.?"

    The best way to invest against the U.S. is to vote Democrat.
     
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  10. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    It was no surprise to me that first Hatch (R) then Cantor (R) would quit. The T- Party is miffed w/ Hatch too :razz:

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