Skip to comments.Gov Palin Called It: Obama Loans $10 billion & Soros Invests $811 Million In Petrobas of Brazil
Posted on 08/20/2009 4:08:29 PM PDT by MaxCUA
Governor Palin commented on Obama Sending Billions Overseas To Appease Environmentalists and she apparently saw that something was fishy. She questioned why the US is investing even $1 overseas for energy when we have the need at home. Well now we know! Obama & cronies have guaranteed $10 billion in loans to Pertrobas but what is more disturbing is socialist Soros invested $811 million in the same company. He must have an inside source?
Bloomberg reported Obama Financier George Soros bought a $811 million stake in Petrobas Brazil SA, making the Brazilian state-controlled oil company his investment fund's largest holding. As of June 30, the stake in Petrobras, as the Rio de Janeiro-based oil producer is known, made up 22% of the $3.68 billion of stocks and American depositary receipts held by Soros Fund Management LLC, according to a filing with the U.S. Securities and Exchange Commission. Petrobras has since slumped 28%.
10B? I had heard reports that it was 2B.
...and on the lighter side, take your mind off the Obamanation for a few minutes and enjoy some beautiful Western US scenery slideshows.
Looks a lot like a coordinated government payoff/payback to Soros who is funding the Democratic party.
The global socialists are working together. I bet one of the goverments gave him a heads-up.
Pretty damn disgusting.
WSJ first reported this, and it was touched on by whoever was hosting the Glenn Beck show.
Pray for America and Our Troops
I heard 2 B also but it doesn’t matter-—it isn’t Cheney and Halliburton.
You know, for a commie, this Soros guy sure likes cash.
I thought only ‘evil’ republicans are suppose to be in bed with oil companies and greedy investors......
Well that does it. Any big time Drilling in the USA will drive down the Soros Brazil investment.
Don’t look for THAT to happen.....Don’t Drill, NOT Now will be Obama’s new money making political direction.
If the republicans get in office, they can Drill HERE, Drill NOW, and pull the guarantee for Brazil, and cause Soros some Pain.
And pray tell what is the benefit to the United States of America to give this money - borrowed from China and to be repaid by generations of taxpayers - to Brazil for drilling that we ought to be doing here???? What logical excuse is there?
The audacity of total corrupt ARROGANCE.
True. Aside from the environmental angle, maybe another reason we don't drill here is all our natural resources are being held as collateral for the massive debts we owe China and others.
Give it a break, it is getting downright tiresome.
It's a conservative site. Start practicing new coping mechanisms, if that's a deal breaker for you.
Not a deal breaker, there was JUST NO REASON TO EVEN MENTION ROMNEY.
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