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Originally posted by skunknuts
Please provide proof of the President's investment in the 'flu companies?' Also, I hope to high hell you were at least as vigilant concerning the much less ambiguous connections between Cheney and Halliburton et.al.
Best,
Skunknuts
Originally posted by jameshawkings
Originally posted by skunknuts
Please provide proof of the President's investment in the 'flu companies?' Also, I hope to high hell you were at least as vigilant concerning the much less ambiguous connections between Cheney and Halliburton et.al.
Best,
Skunknuts
Skunknuts,
This is straight from the NY Times - Obama Invests in Flu Companies
March 7, 2007 In ’05 Investing, Obama Took Same Path as Donors By MIKE McINTIRE and CHRISTOPHER DREW Less than two months after ascending to the United States Senate, Barack Obama bought more than $50,000 worth of stock in two speculative companies whose major investors included some of his biggest political donors. One of the companies was a biotech concern that was starting to develop a drug to treat avian flu. In March 2005, two weeks after buying about $5,000 of its shares, Mr. Obama took the lead in a legislative push for more federal spending to battle the disease. The most recent financial disclosure form for Mr. Obama, an Illinois Democrat, also shows that he bought more than $50,000 in stock in a satellite communications business whose principal backers include four friends and donors who had raised more than $150,000 for his political committees. A spokesman for Mr. Obama, who is seeking his party’s presidential nomination in 2008, said yesterday that the senator did not know that he had invested in either company until fall 2005, when he learned of it and decided to sell the stocks. He sold them at a net loss of $13,000.
Originally posted by jameshawkings
'Within two weeks of his purchase of the biotech stock that Feb. 22, Mr. Obama initiated what he has called “one of my top priorities since arriving in the Senate,” a push to increase federal financing to fight avian flu.'
Be careful what you believe skunknuts, of course Obama isn't going to want to admit that he chose to invest in it. An advisor would have told him to sell even at a loss to make sure it doesn't give the game away. It was a naive mistake by Obama.
[edit on 12-12-2009 by jameshawkings]