CURRENT EVENTS February |
- Thread starter nycfan
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Meanwhile, Lutnick’s sons could make millions by betting against these tariffs
“We write regarding recent reports that your investment banking subsidiary has created a financial product for the purpose of betting on the outcome of litigation related to President Trump’s tariffs … Given that one of the purported architects of President Trump’s tariff policy is Commerce Secretary Howard Lutnick, your father and the former Chairman and CEO of Cantor Fitzgerald, LP, the firm’s actions raise obvious conflict-of-interest and insider dealing concerns,” Senators Wyden and Warren wrote. “If the President’s tariffs are ultimately declared unlawful, companies that paid the tariffs may be entitled to a refund of those duties from the U.S. Government. Public reporting indicates that Cantor has offered companies the opportunity to trade their legal claim to a future tariff refund in exchange for twenty to thirty percent of the duties the company paid … A Cantor representative reportedly said the firm has, ‘the capacity to trade up to several hundred million of these presently and can likely upsize that in the future to meet potential demand.’”
“We write regarding recent reports that your investment banking subsidiary has created a financial product for the purpose of betting on the outcome of litigation related to President Trump’s tariffs … Given that one of the purported architects of President Trump’s tariff policy is Commerce Secretary Howard Lutnick, your father and the former Chairman and CEO of Cantor Fitzgerald, LP, the firm’s actions raise obvious conflict-of-interest and insider dealing concerns,” Senators Wyden and Warren wrote. “If the President’s tariffs are ultimately declared unlawful, companies that paid the tariffs may be entitled to a refund of those duties from the U.S. Government. Public reporting indicates that Cantor has offered companies the opportunity to trade their legal claim to a future tariff refund in exchange for twenty to thirty percent of the duties the company paid … A Cantor representative reportedly said the firm has, ‘the capacity to trade up to several hundred million of these presently and can likely upsize that in the future to meet potential demand.’”
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I wonder if Ken Paxton has an opinion on whether state funds should be used to support the upkeep of state employees' mistresses or he just believes state employees' salaries should be increased so they can keep a couple of side-pieces on retainer?
C-Money
Legend of ZZL
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But he would allow them to become Christian schools for straight white kids only.
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C-Money
Legend of ZZL
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America first!