I guess House Majority Leader Eric Cantor is putting his money where his mouth is: Cantor is an investor in something called the ProShares Trust Ultrashort 20+ Year Treasury ETF, which “takes a short position in long-dated government bonds.”
To translate this into Human: Cantor invested a bit of money — he has plenty — in an investment fund that has the sole purpose of finding ways to profit off of bad things happening to the value of U.S. debt. Among the bad things that could happen that would make Cantor’s investment perform well is Congress failing to raise the debt ceiling, an issue Cantor is — err, was — directly involved in.
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hippygrungehipster likes this
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amethystjackson reblogged this from pantslessprogressive and added:
Yet another Republican giving not a single fuck about the welfare of this country.
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coachman likes this
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irritable-vowel-syndrome reblogged this from pantslessprogressive and added:
How do these clowns get elected again? It’s too bad he didn’t get caught sexting — that was all over the news.
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pantslessprogressive reblogged this from andrewgraham and added:
I learn something new every day.
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andrewgraham posted this
