How A Billionaire Could Be Making Bank While America Struggles: You Won’t Believe This

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So here we are, folks. The U.S. economy is in turmoil, thanks to Trump’s “let’s throw some tariffs on everything” policies, and who do we find in the middle of it? None other than Bill Ackman, the hedge fund wizard who’s raising a very suspicious eyebrow at U.S. Commerce Secretary Howard Lutnick.

Lutnick’s Investment Strategy: Profit from a Recession? Sounds Ethical, Right?

Ackman, in his infinite wisdom, has pointed out that Lutnick’s firm, Cantor Fitzgerald, is sitting pretty with long-term bonds. Now, long-term bonds are like the safety blanket of the financial world – everyone loves them when the economy’s doing its best impersonation of a dumpster fire. So, when Trump’s tariffs send everything spiraling, guess who gets to profit? You got it – Lutnick, with his big ol’ bond portfolio.

But wait, there’s more! Ackman is asking the million-dollar question: Is Lutnick’s personal bank account secretly cheering for the economy to tank so his bonds can go *ka-ching*? It’s a nice little irony when you think about it – someone tasked with boosting the economy might actually be praying for the opposite. Classic!

I just figured out why Trump is so chill about the stock market and the economy crashing. He and Cantor are long bonds. They profit when our economy implodes.

It’s a bad idea to pick a Secretary of Commerce whose firm is levered long fixed income. It’s an irreconcilable…

— Bill Ackman (@BillAckman)

The Conflict of Interest No One Wants to Talk About

Lutnick’s job is to help shape policies that impact the country’s economic future, which is a pretty big deal. But Ackman’s over here saying, “Hey, if Lutnick’s making bank off the economic downfall, does that make him the *least* trustworthy person in the room?” Which, uh, isn’t the best look for a Commerce Secretary.

And let’s not forget the big picture: This whole situation could actually make the Trump administration look less credible when negotiating with other countries. You know, especially when it comes to those pesky tariffs. It’s hard to argue for a healthy economy when you’ve got one of your own guys secretly rooting for it to crash.

But Wait, Lutnick’s a Crypto Fan? Who Saw That Coming?

As if things weren’t already weird enough, Lutnick also happens to be pro-crypto, in line with the Trump administration’s “let’s make America crypto-friendly” stance. While the rest of us are just trying to understand the difference between Bitcoin and Ethereum, Lutnick and crew are riding the digital wave like it’s 2025.

But here’s the thing: his stance might be just a little bit complicated by his potential conflict of interest. When you’re making moves in the bond world while publicly backing crypto, well, it might be time to have a chat about the whole “personal profit vs. public duty” thing.

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2025-04-07 15:06