On Wednesday, August 19, 2009 Governor Palin commented on Obama Sending Billions Overseas To Appease Environmentalists. She asked why we are spending billions apparently saw that something was fishy. She questioned why the US is investing even $1 overseas for energy when we have a huge need at home and the same exact energy resources available. Well now we know! Obama & cronies have guaranteed $10 billion in loans to Pertrobas for non other then to help he favorite socialist, George Soros. Soros invested $811 million in the same company becoming the largest share holder. 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!
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