Friday, July 27, 2012

David Ferguson — Ohio GOP Senate hopeful shorting U.S. Treasury bonds and betting on default


Another fool about to be parted from his money. Where do they find these people? Not only is it dumb financially; betting against the US is also toying with political suicide betting against the US.
Republican Josh Mandel, the former Ohio congressman and State Treasurer who is running against Sen. Sherrod Brown (D-OH) to represent Ohio in the Senate, has positioned himself and his wife financially to reap a significant profit if the U.S. government fails to raise the debt ceiling and defaults on its loans, according to Think Progress. Mandel has campaigned on refusing to raise the debt ceiling, a move which he opposed when it came to a vote last year.
Oh, and did I mention conflict of interest?

And lest anyone forget:
House Majority Leader Rep. Eric Cantor (R-VA)came under fire last year for similar financial entanglements. It was revealed that the, too, was betting against the U.S. Treasury while publicly agitating against raising the debt ceiling, a position that many consider to be a profound conflict of interest.
What do these folks not get about ethics?


3 comments:

Matt Franko said...

Traitorous and seditious activity.

GLH said...

I think that it is great that those people are putting their money where their mouths are. Excellent. And, I hope that they and Jim Rodgers let us know how succucesful they are. I just never want any of them taking care of my money.

Major_Freedom said...

Matt Franko:

How is it "treasonous" or "seditious" for a former Senator to short treasuries?

Tom Hickey:

Another fool about to be parted from his money. Where do they find these people? Not only is it dumb financially

What, interest rates will never rise again?

What do these folks not get about ethics?

As if people who want physical power over others (politicians), tend to be ethical. Laugh.