Monday, August 24, 2009

quid pro quo?

Billionaire investor George Soros bought an $811 million stake in Petroleo Brasileiro SA in the second quarter, making the Brazilian state-controlled oil company his investment fund's largest holding.

There is another interesting aspect to this development. Could it be just a coincidence that Obama backer George Soros repositioned himself in Petrobras to get dividends just a few days before Obama committed $2 billion in loans and guarantees for Petrobras' offshore operations?

See Bloomberg Story: Soros Hedge Fund Bought Petrobras Stake Worth $811 Million


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