| Which would make Obama wrong. Again. |
UPDATED - The Soros Connection
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The
Export-Import Bank has proposed a $2 billion loan to a Brazilian oil
company to fund oil drilling and development by a state-owned company,
hurting American workers, oil companies, and the country’s energy
independence. Sarah Palin sees this is as a rather self-defeating
strategy. After the idea went public, Palin quickly noted that President Obama wants to use American dollars to pay salaries and benefits to Brazilians — to state-owned oil company, Petrobras, at that — to the detriment of our own country. (cont) |
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BUT WAIT! THIS JUST IN Teapot Dome on Steroids? |
| “ | Billionaire investor George
Soros bought an $811 million stake in Petroleo Brasileiro SA in the
second quarter, making the Brazilian state-controlled oil company his
investment fund's largest holding.
There is another interesting aspect to this development. Could it be
just a coincidence that Obama backer George Soros repositioned himself
in Petrobras to get dividends just a few days before Obama committed $2
billion in loans and guarantees for Petrobras’ offshore operations?
See Bloomberg Story: Soros Hedge Fund Bought Petrobras Stake Worth $811 Million http://www.bloomberg.com/apps/news?pid=20601086&sid=aFHPjfeUvtl8 |
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