|Which would make Obama wrong. Again.
UPDATED - The Soros Connection
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
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)
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