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Obama' s Big Payoff to Supporter and Oligarch Soros

• Economic Policy Journal
 As of June 30, the fund's stake in Petrobras made up 22 per cent of the $3.68 billion of stocks held by Soros Fund Management, according to a filing with the SEC. Twenty-ywo per cent!!

Since then the U.S. government has indicated that it will provide up to $10 billion in loans to finance the development of massive hydrocarbon reserves off Brazil’s coast.

President Barack Obama’s national security adviser, Gen. James Jones, discussed the matter with officials during a visit in August to Brazil, Brazilian Planning Minister Paulo Bernardo da Silva told reporters.

He said the U.S. Export-Import Bank already has signed a letter of intent in that regard with Brazilian state oil company Petrobras.

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