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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (621158)7/24/2011 7:13:06 PM
From: bentway  Read Replies (2) of 1578717
 
Eric Cantor’s Investment

By Susan Davis
blogs.wsj.com
WSJ’s Heard on the Street reported this nugget Thursday that caught Washington Wire’s eye:
Putting his money where his mouth is? Eric Cantor, the Republican Whip in the House of Representatives, bought up to $15,000 in shares of ProShares Trust Ultrashort 20+ Year Treasury ETF last December, according to his 2009 financial disclosure statement. The exchange-traded fund takes a short position in long-dated government bonds. In effect, it is a bet against U.S. government bonds—and perhaps on inflation in the future.
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