Eric Cantor, the #2 House Republican who walked out of debt ceiling negotiations last week, may have had good reason to do so. It turns out he has up to $15,000 invested in a fund that aggressively shorts U.S. Treasury bonds, meaning that it makes money when U.S. debt loses value. And if the U.S. were to default, the value of his investment would likely skyrocket.
| 6/28/11 3:36pm ET - Salon |
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