Drain the swamp. You can’t make this shit up.
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Drain the swamp. You can’t make this shit up.
Carl Ichan thrums personal advisor was lucky enough to guess that he should dump 32 million in steel stocks days before Trump announced a tariff. He’s way smart We always get what we deserve.
DWags- Geronte
- Posts : 50308
Join date : 2014-04-21
Age : 62
Location : Right here
Re: Drain the swamp. You can’t make this shit up.
Still waiting on those tax returns.
Conservatives are nothing but useful idiots. Not Republicans, conservatives. Each and every one.
Conservatives are nothing but useful idiots. Not Republicans, conservatives. Each and every one.
Cameron- Geronte
- Posts : 10991
Join date : 2014-04-16
Age : 35
Location : Michigan
Re: Drain the swamp. You can’t make this shit up.
DWags wrote:Carl Ichan thrums personal advisor was lucky enough to guess that he should dump 32 million in steel stocks days before Trump announced a tariff. He’s way smart We always get what we deserve.
Our current Sec of Commerce Wilbur Ross has been equally efficient in mixing administration policies with investments.
In February 2002, Ross had a hand in a record-setting deal. He announced he was buying the bankrupt Cleveland steelmaker LTV. One month later, the Pension Benefit Guaranty Corp. — a government entity funded by private industry — said it was taking responsibility for the pensions the company had promised its employees. Covering about 82,000 workers and retirees, it was the largest pension takeover in U.S. history, and it meant that the agency, not Ross, would have to fulfill LTV's multibillion-dollar obligations to steelworkers.
It wasn't a coincidence. After decades of witnessing deals come together as an investment banker, Ross understood how to use bankruptcy to his advantage—acquiring only assets while others shouldered the burdens. "He taught me so much," says Rodney Mott, who ran International Steel Group, the company Ross formed. "Purchase the assets through bankruptcy, which would make them free and clear. There is no pension obligation. The government takes over."
GRR Spartan- Geronte
- Posts : 10536
Join date : 2014-04-25
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