I Didn't Write That!: Redefining Treason: Eric Cantor Will Benefit Financially From US Debt Default

27 June 2011

Redefining Treason: Eric Cantor Will Benefit Financially From US Debt Default

It seems that the fox is not only in charge of the henhouse, he also has cooking oil ready. Eric Cantor, the chief negotiator on the debt issue, is invested in a fund called ProShares Trust Ultrashort 20+ Year Treasury EFT. This fund specializes in shorting Treasury securities. Cantor is still invested in it and will make a killing if default happens.

I wonder how many other Republicans in Congress are looking forward to benefiting in bucks from betraying the American people and sending our economy into Hell.

"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."
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.

It's about, as with everything, nothing but some pigs wanting to glut themselves.

Cantor really should face some ethics questions over this, if Weiner's dick was enough to trigger them. I'd love to hear his whining, pusillanimous voice as he tries to explain why he wants to make money from destroying America.

Of course, my belief is that the GOP wants America to simply fall apart. It makes it possible for them to get everything they want, because they only win when everyone's brains are short-circuited by fear. They don't have a terrorist attack to take advantage of, but making people suffer financially, and training Obama to help them(and mission accomplished on that score; he is their good and faithful servant and no liberal/progressive/whatever the hell you want to call it now should listen to a thing that Judas Goat says). They want to make money off the closedown, that's all. If America became a Third World country, that only makes the position of the wealthy better, as in any Third World country.

Everything must go! Especially you and I.

Not that I'm saying that Cantor and other Republicans don't love America. Sure they do!...