Author: Josh Painter

In August, 2009, the Obama Administration committed the U.S. to financing oil exploration off Brazil by lending billions of dollars to to that country’s state-owned oil company, Petrobras. That news came one year after George Soros’ hedge fund took a stake in Petrobras to the tune of $811 million, making the company his investment fund’s largest holding.

Those two obviously related events set the stage for Obama’s recent trip to Brazil, during which the What-me-worry? president made what the editors of Investor’s Business Daily called a “mind-bogglingâ€