Are Dick Cheney's Money Managers Betting on Bad News?

[im10ashus]

Via a tip to PEEK, I was directed to a May report that flew under my radar: Are Dick Cheney's Money Managers Betting on Bad News?

According to Kiplinger's, the Cheneys, who may be worth close to $100 million, have invested the vast majority of their wealth overseas, in markets that do not fluctuate based on the U.S. dollar:

Vice President Cheney's financial advisers are apparently betting on a rise in inflation and interest rates and on a decline in the value of the dollar against foreign currencies. That's the conclusion we draw after scouring the financial disclosure form released by Cheney this week.

The Cheneys' money is not in a blind trust but, according to his advisers: "the vice president pays no attention to his investments."

Perhaps. What we DO know is that he and his boss pay no attention to the well-being of the economy at large. Besides, what's nearly as flabbergasting as the possibility that Cheney chose to invest outside of U.S. markets is that he didn't bother to direct his money managers to keep his money domestic. Oh Dick.

cont'd...

http://www.alternet.org/blogs/peek/40796/

[MannyGoldstein]

1. Holy Crap

Cheney definitely has inside info, and he has no qualms about using it.

[im10ashus]

2. Their hubris has no limit.

Then there's this little pearl of wisdom from the Dick:

"Reagan proved that deficits don't matter. We won the midterm elections. Our due is another big tax cut."

Full on ballsy, this one.

[peacetalksforall]

3. He is a traitor to the country in more ways than one. What is the

difference between Cheney and Lay and boys. Same trick, different hair styles.

[im10ashus]

4. They are one in the same.

If only Cheney would join Lay in his new life in hell.

[Pryderi]

5. I wonder if it has anything to do with the Iranian Oil Bourse, and we

won't be invading Iran.

[randomelement]

6. Yep - they'll ban Pete Rose for life from baseball

on the possibility he might have bet against his own team, but the Vice President of the US betting against his own country?? .... absolutely nothing wrong with that .....

What a f*cked up country we're living in -

Any chance we could ask Dick to check out his new bomb shelter under his house and then, while he's down there, just seal the bastard in??

[magellan]

7. Seal him in, LOL

Now that would be a great service to this country! :thumbsup:

Welcome to DU and thanks for the chuckle, randomelement.