tag:blogger.com,1999:blog-15329279.post2023217992670967746..comments2023-08-25T05:18:29.312-06:00Comments on Madville Times: Recovery.org Transforms Government Spending Transparencycaheidelbergerhttp://www.blogger.com/profile/03261598066395322681noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-15329279.post-89587148888931760532010-06-23T07:49:13.147-06:002010-06-23T07:49:13.147-06:00"George Soros reduced his holdings in the Bra..."George Soros reduced his holdings in the Brazilian oil company before the loans were disbursed."<br /><br />Cory, Soros repositioned himself. Yes he sold common stock, but bought preferred stock. Ths is from Bloomberg and note that Petrobras is majority owned by a government...socialism!:<br /><br />His New York-based hedge-fund firm, Soros Fund Management LLC, sold 22 million U.S.-listed common shares of Petrobras, as the Brazilian oil company is known, according to a filing today with the U.S. Securities and Exchange Commission. Soros bought 5.8 million of the company’s U.S.-traded preferred shares.<br />Soros is taking advantage of the spread between the two types of U.S.-listed Petrobras shares, said Luis Maizel, president of LM Capital Group LLC, which manages about $4 billion. The common shares were 21 percent more expensive than preferred today, according to data compiled by Bloomberg. …<br />Petrobras preferred shares have also a 10 percent additional dividend, said William Landers, a senior portfolio manager for Latin America at Blackrock Inc.<br />“Given that there will most likely never be a change in control in the company, I see no reason to pay a higher price for the common shares.” Brazil’s government controls Petrobras and has a majority stake of voting shares.<br /><br />Steve SibsonMore truthnoreply@blogger.comtag:blogger.com,1999:blog-15329279.post-59671668154793900922010-06-22T14:59:36.555-06:002010-06-22T14:59:36.555-06:00Wait a minute: The loans to which Steve and Linda ...Wait a minute: The loans to which Steve and Linda refer wouldn't be on Recovery.gov, because they have nothing to do with the stimulus package... or President Obama. George Soros reduced his holdings in the Brazilian oil company before the loans were disbursed. Apparently there are no tax dollars involved. In a word, <a href="http://www.factcheck.org/2009/09/bogus-brazilian-oil-claims/" rel="nofollow">B-O-O-O-gus</a>!caheidelbergerhttps://www.blogger.com/profile/03261598066395322681noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-33806073309848679712010-06-22T13:32:19.108-06:002010-06-22T13:32:19.108-06:00So just checking: is anyone able to argue that Rec...So just checking: is anyone able to argue that Recovery.org is a bad thing? That such budgetary openness is not good for the country?caheidelbergerhttps://www.blogger.com/profile/03261598066395322681noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-3912935268354746682010-06-22T13:20:37.308-06:002010-06-22T13:20:37.308-06:00http://online.wsj.com/article/SB100014240529702038...http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html<br /><br />I don't care personally if it is listed on his recovery.org page or not. His administration's transparency is a hoot and a half, as evidenced by the shenanigans in passing health care for one example. The link above talks about this in the Wall Street Journal.nonnienoreply@blogger.comtag:blogger.com,1999:blog-15329279.post-78915990264771058922010-06-22T08:03:01.467-06:002010-06-22T08:03:01.467-06:00Boy, Steve, I don't know. Instead of flinging ...Boy, Steve, I don't know. Instead of flinging baseless propaganda, why don't you go there, find out, and then come back with links?caheidelbergerhttps://www.blogger.com/profile/03261598066395322681noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-57886173038902514762010-06-22T07:58:28.776-06:002010-06-22T07:58:28.776-06:00Cory,
Does the web site disclose Obama's $2 b...Cory,<br /><br />Does the web site disclose Obama's $2 billion loans to Brazilian Gulf oil interests that includes heavy investment by Soros?<br /><br />Steve SibsonMore truthnoreply@blogger.com