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Old 08-20-2009, 10:11 PM
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427sharpe 427sharpe is offline
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And spin goes both ways...
*Soros upped his interests in Petrobras substantially literally days before the ExIm signed off on the loan. Seems like a wee bit of insider trading, maybe? Certainly would be under Bush!
*The loan (or loan guarantees) comes from the US Government via the ExIm Bank. The government gets it's money from one source...the taxpaying US citizen.
*The same administration that decries drilling HERE provides financing elsewhere, so that the foreign nation can enrich themselves by selling product to us. Of course that discounts the investigations of fraud and duplicity against Petrobras at home, or the idea that a change in intentions may make all of our investment nil at the stroke of a pen (nationalization, anyone?) And somehow that makes more sense than paying American workers (who contribute tax income) to explore, develop, and sell products on American soil (Corporate tax income) that will actually lessen our foreign dependence rather than increase it?
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