Well I guess Cantor is cashing in? - Democratic Underground

hootinholler

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Mon Jul-18-11 07:51 PM
Original message

Well I guess Cantor is cashing in?

Edited on Mon Jul-18-11 08:13 PM by hootinholler

The Bond rating is being dropped.

Wasn't he positioned short on bonds?

:shrug:

Edit: Well I guess not yet, but it's still worth the reminder that Cantor is short on US Treasurys.

-Hoot

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DJ13

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Mon Jul-18-11 07:58 PM
Response to Original message

1. That isnt a rating agency, it wont impact bond rates

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hootinholler

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Mon Jul-18-11 08:02 PM
Response to Reply #1

2. Which is one indication that I'm no investment banker.

Thanks.

-Hoot

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DJ13

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Mon Jul-18-11 08:06 PM
Response to Reply #2

3. Theres really only two ratings agencies that matter

The S&P and Moody's.

Both of them have put US credit on watch in recent weeks due to the debt ceiling, so in effect you werent far off.

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RKP5637

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Mon Jul-18-11 08:38 PM
Response to Original message

4. Eric Cantor's glaring conflict of interest ...

http://www.salon.com/news/politics/war_room/2011/06/27/eric_cantor_conflict_of_interest

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