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Control-Z Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 09:41 PM
Original message
Why is no one (MSM) talking about
the financial benefits that Eric Cantor has the potential to gain if the debt ceiling does not get raised?

It seems so obvious to me. It always boils down to following the money and who has what to gain. I don't get it.
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Drale Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 09:42 PM
Response to Original message
1. Who's going to give him these benefits?
Wall Street? Wall Street will be as poor as everyone else if we default. The Tea Baggers? They will be even poorer then poor.
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RC Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 09:45 PM
Response to Reply #1
3. Wall Street has gamed the system so they can win no matter which way it goes.
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Control-Z Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 09:49 PM
Response to Reply #1
4. Oh. Sorry.
"House Majority Leader Eric Cantor's (R-VA) latest financial disclosure statement indicates that he owns up to $15,000 of ProShares Trust Ultrashort 20+ Year Treasury EFT, a fund that will likely skyrocket as U.S. debt becomes less desirable."

I pulled this off another DUer's post from last week, I think it was. I can't remember who it was, though. The story has been going around here for the last week. I have always made the dumb assumption that if I know something everyone else must know more. Sorry.
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checks-n-balances Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 09:44 PM
Response to Original message
2. I'm wondering too! K & R
That would shut him down!!
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Control-Z Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 09:51 PM
Response to Reply #2
5. It would.
Well, it should. This is pissing me off. The guy is all over the place, literally trying to control the destiny of our country and no one is putting that together?
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The Hitman Donating Member (477 posts) Send PM | Profile | Ignore Thu Jul-14-11 09:52 PM
Response to Original message
6. Isn't it only like a $3,000 investment?
$3,000 is a lot of money. If you don't think so, please give me $3,000.

But in the grand scheme of a congressman's salary + perks and everything else, its relatively small. He certainly would have much more to lose if the economy actually tanked (or Obama stopped cutting checks for congress pay)

Now, if it were a Dem, the RW radio buzz would push the MSM to jump all onto it. But its not, so there's not that kind of pressure.

I am more concerned about the lack of coverage on Murdochgate, which if it were George Soros, would be on continuous loop on Fox.
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tsuki Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 09:55 PM
Response to Reply #6
8. It's 15K that we know about. Probably more in someone else's name.
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tsuki Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 09:54 PM
Response to Original message
7. Because they see nothing wrong with betting the USA will fail. They probably
think that it is a smart move.
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Control-Z Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-14-11 11:06 PM
Response to Reply #7
9. I would expect Rachel Maddow
to bring it up, at least. She's always all over this kind of thing. But not a word from her - or from any of MSNBC's lineup.
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