Monday, June 21, 2010

Eric Cantor loses bet against US bonds

In case you missed this, it's somewhat amusing. Eric Cantor invested heavily in a fund that bet against U.S. government bonds. He's apparently as inept at investing as he is at governance. "The fund is down 31 percent this year."

But Matt Yglesias asked a very good question. Even though Cantor is doing it wrong, it's obvious that our Congresspeople have the ability and the incentive to legislate in a way that would improve their personal investments. Why isn't there a requirement that they place their investments in some kind of blind trust when they take office?

[More posts daily at The Detroit News]

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