
07-09-2011, 02:22 AM
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Me, Myself, and I
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Join Date: Dec 2004
Location: Redwood City, CA
Posts: 38,687
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Cantor Bets Against U.S.
http://www.politicususa.com/en/unamerican-eric-cantor
House Majority Leader Eric Cantor has been betting against the American people and this nation’s economy since 2009.
Jonathan Easley wrote at Salon:
According to his latest financial disclosure statement, which covers the year 2010 and has been publicly available since this spring, Cantor still has up to $15,000 in the same fund. Contacted by Salon this week, Cantor’s office gave no indication that the Virginia Republican, who has played a leading role in the debt ceiling negotiations, has divested himself of these holdings since his last filing. Unless an agreement can be reached, the U.S. could begin defaulting on its debt payments on Aug. 2. If that happens and Cantor is still invested in the fund, the value of his holdings would skyrocket.
The fund hasn’t significantly spiked yet because many investors believe Congress will eventually raise the debt ceiling. However, since Cantor abruptly called off debt ceiling negotiations last Thursday, the fund is up 3.3 percent. Even if an agreement is ultimately reached before Aug. 2, the fund could continue to benefit between now and then from the uncertainty.
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