Eric Cantor’s financial disclosures reveal that he bets against U.S. Treasury bonds.

[Ian David]

Eric Cantor’s 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 America’s 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 “America’s prosperity,” one would have to wonder why he is literally betting against its financial future. The Washington Independent’s Annie Lowrey adds that “Cantor is not a very canny investor. The fund is down 31 percent this year.”

More:
http://thinkprogress.org/2010/06/18/eric-cantor-treasury-bonds/

Republicans WANT America to FAIL.

[MidwestTransplant]

1. He's down 20% since buying them.

Good job.

[Turbineguy]

2. Not surprising really.

Luckily with these clowns their ideology trumps everything so the laugh is on him.

[The Magistrate]

3. One More Republican Traitor, Sir: They Are the Party that hates America, And wants It Destroyed

[Ian David]

4. Is there a way to invest in shorting Eric Cantor?

I want to buy shares in a fund that makes more money every time Eric Cantor loses money.

[arcadian]

5. The WSJ does a hit piece on Cantor?

Uh-oh. Me thinks his seat might be in play.

[truedelphi]

6. If the gambling casino is set up so that you know what bets to make

And when, why wouldn't a person bet in his own economic interest?

Do you think that others in Congress are better? Consider for a moment Di Feinstein.

Oh, wait she doesn't need Wall Street, as she just votes for wars that enable her husband to receive 27 million bucks in contracts some six weeks (or less) later.