Why is the US prevented from drilling oil off our coasts which would create jobs and revenue we need.? (Answers: 6) (Comments: 0)
Soros hedge fund invests $811m to buy Petrobras stake August 15, 2008 London: Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro (Petrobras) in the second quarter, making the Brazilian state-controlled oil company his investment fund?s largest holding But we freely loan money to Brazil to develop their oil fields. Obama's Ultimate Hypocrisy ! VIA HOTAIR: The U.S. is going to lend billions of dollars to Brazil?s state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil?s Tupi oil field in the Santos Basin near Rio de Janeiro. Obama keeps insisting that we cut back on our use of fossil fuels. He and his allies in Congress have blocked exploration of American oil fields off both shores for decades, and Obama insists that we would only keep enabling our oil addiction if we started drilling off of our own coasts. Yet he has no trouble committing $2,000,000,000 of our money for Brazil to drill off its own coast.

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How come Obama loaned billions of dollars to Brazil's state-owned oil company, Petrobras? (Answers: 3) (Comments: 0)
Obama Underwrites Offshore Drilling You read that headline correctly. Unfortunately, the Obama Administration is financing oil exploration off Brazil. The U.S. is going to lend billions of dollars to Brazil's state-owned oil company, Petrobras, to finance exploration of the huge offshore discovery in Brazil's Tupi oil field in the Santos Basin near Rio de Janeiro. Brazil's planning minister confirmed that White House National Security Adviser James Jones met this month with Brazilian officials to talk about the loan. http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html Soros hedge fund invests $811m to buy Petrobras stake August 15, 2008 London: Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro (Petrobras) in the second quarter, 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 per cent of the $3.68 billion of stocks and American depositary receipts held by Soros Fund Management, according to a filing with the US Securities and Exchange Commission. Petrobras has since slumped 28 per cent? In November, Petrobras announced the discovery of Tupi, a field with as much as 8 billion barrels of reserves, making it the largest find in the Americas since 1976. ?Petrobras has something that other oil companies don?t have: oil ? lots of it and they?re going to find more,? said Ricardo Kob-ayashi, equity fund manager with UBS Pactual in Rio de Janeiro? Tupi is part of a new deepwater offshore region known as the pre-salt that may contain as much as 50 billion barrels, according to Peter Wells, oil analyst with the UK?s Neftex Petroleum Consultants. The drop in Petrobras? US-traded common shares since June 30 would have reduced the value of Soros?s disclosed stake by $235 million. Soros Fund Management didn?t report holding any Petrobras shares at the end of the first quarter. It did disclose much smaller stakes in the Brazilian oil company during 2007, including 150,000 depositary shares, with a market value of about $17.3 million at December 31. The hedge fund company also had calls on another 35,000 shares at December 31? http://sweetness-light.com/archive/soros-invests-811m-in-brazilian-oil In practice, this Barack Obama brainchild would serve as a permanent, taxpayer-backed pipeline to Democrat partisan outfits masquerading as public-interest do-gooders. This George Soros Slush Fund would be political payback in spades. Obama owes much of his Chicago political success to financial support from radical, left-wing billionaire and leading ?social entrepreneur? Soros. In June 2004, Soros threw a big fund-raiser at his New York home for Obama?s Illinois Senate campaign. Soros and family personally chipped in $60,000. In April 2007, Obama was back in New York for a deep-pocketed Manhattan fund-raising soiree, with Soros lurking in his shadow (yes, that?s him behind Obama grasping onto the stairs). http://michellemalkin.com/2008/08/20/the-democrat-party-platforms-hidden-soros-slush-fund/ Ahhhhh no wonder Obama doesn't want ANYTHING to do with the Oil Spill, Obama will make millions off of Soros with his crooked scheme with Brazil using OUR tax dollars to fund it with. Hows that Hope and Changey thingy going for you ???

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How did Bernard Madoff get 50bil for a Ponzi scheme? (Answers: 4) (Comments: 0)
I understand the basic idea of barely regulated Hedge Fund investing. I know how a Ponzi scheme or pyramid works. How can people be so careless with millions adding billions? I though big investors studied the market and carefully choose funds and stocks. And I though this type of investor "Hedged" his money by making many smaller risky investment - not putting big chunks in one fund. I have small change compared to the Wall Street guys, but I check into the places I put my money. If these investors are so smart/rich how could they not research this and avoid this scam?

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