When Eric Cantor shut down debt ceiling negotiations last week, it did more than just rekindle fears that the U.S. government might soon default on its debt obligations -- it also brought him closer to reaping a small financial windfall from his investment in a mutual fund whose performance is directly affected by debt ceiling brinkmanship..."If the debt ceiling isn’t raised, investors would start fleeing U.S. Treasuries," said Matt Koppenheffer, who writes for the investment website the Motley Fool. "Yields would rise, prices would fall, and the Proshares ETF should do very well. It would spike."Some might call this somewhat of a conflict of interest, although in Cantor's defense it's pretty indisputable that those people would be, as Jesus' scrappy, lovable sidekick Baby Jesus would say, "a buncha motherfuckin' queers!!"
Monday, June 27, 2011
Oh, Those Whacky Jews!
Eric Cantor might be smarter than I thought, since he's positioned himself as the GOP negotiator on the debt ceiling while being invested in a firm that will make mad $crillah if America defaults:
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