Eric Cantor Hit For Potentially Profiting From U.S. Default

I have previously looked at the issue of the weasel like Congressman Eric Cantor who is potentially seeking to reap a personal financial find fall through pushing the USA into a default on its debt obligation. As previously noted, Cantor has invested in a fund that will sky rocket in value should the debt limit impasse not be resolved. Democrats have belatedly found some back bone and a resolution is being circulated that puts a spot light on Cantor's duplicitous conflict of interest. Cantor's behavior truly needs to be made front page news. The man is disgusting and an embarrassment to Virginia. As noted before I suspect the man would sell his own mother for the right price in his quest for power - and based on Cantor's madness for power, I suspect that the price might not be all that high. Here are highlights from Huffington Post on the Democrat backed resolution the text of which can be found at the HuffPo page:
*
House Democrats are circulating a resolution accusing House Majority Leader Eric Cantor (R-Va.) of having a conflict of interest in the debt ceiling debate, a move that could provide an awkward C-SPAN moment for one of the lead Republicans in the budget negotiations. The resolution goes after Cantor's investment in ProShares Trust Ultrashort 20+ Year Treasury ETF, a fund that "takes a short position in long-dated government bonds."
*
The fund is essentially a bet against U.S. government bonds. If the debt ceiling is not raised and the United States defaults on its debts, the value of Cantor's fund would likely increase.
*
The Democratic resolution, obtained by The Huffington Post from a Democratic source on the Hill, argues that Cantor "stands to profit from U.S. treasury default, which thereby raises the appearance of a conflict of interest," and that he "may be sabotaging [debt ceiling] negotiations for his own personal gain."
*
The resolution is a question of privilege, which deals with the rights, dignity, safety and integrity of the proceedings of the House of Representatives. It has direct access to the floor, meaning that at any time, a lawmaker can rise and question the privileges of the House and offer a resolution. It must then be read in its entirety, as soon as it is presented. The resolution is unlikely to be ruled valid by the parliamentarian, but it could certainly create an uncomfortable bit of political theater when it's read.
*
"Given the language in this resolution, obviously that would be incendiary, if you chose the right moment," said a House Democratic aide who added that right now, it appeared the party was still shopping around for a member willing to put it on the floor.