On Wednesday, August 19, 2009 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%.
Oddly enough, Oil Online reported Pertobas has secured a loan of 10 billion in US tax dollars from Obama:
The U.S. government is prepared to provide up to $10 billion in loans to finance the development of massive hydrocarbon reserves off Brazil’s coast, a Brazilian official said Wednesday.
Obama’s national security adviser, Gen. James Jones, discussed the matter with officials this week during a visit to the South American country, Brazilian Planning Minister Paulo Bernardo da Silva told reporters. He said the U.S. Export-Import Bank already has signed a letter of intent in that regard with Brazilian state oil company Petrobras.
Coincidence or dirty politics? It looks like Obama is once again paying back his friends. I hope everyone likes the “Change.” God help us all!