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Chairman of Icahn Enterprises and longtime Trump friend Carl Icahn made millions off of his steel-related stock sale last week, just days before the president announced plans to impose heavy tariffs on imports.
Since the source of the original report on this was an organization with a political agenda, I did some further research and confirmed that this is indeed true. Here is the actual SEC filing for Icahn selling his steel stocks:
Impossible to say with the information provided, would need to see his other trading actions.
For someone like that, they might be buying and selling in those amounts pretty frequently.
Since the originator of the article is Breitbart....oh, I mean Thinkprogress....I'm not willing to just accept their innuendo as anything worthwhile to contemplate.
P.S. Rosie, he did not sell "steel stocks". Language like that makes it seem even more like stretching the truth to make a case.
Chairman of Icahn Enterprises and longtime Trump friend Carl Icahn made millions off of his steel-related stock sale last week, just days before the president announced plans to impose heavy tariffs on imports.
Since the source of the original report on this was an organization with a political agenda, I did some further research and confirmed that this is indeed true. Here is the actual SEC filing for Icahn selling his steel stocks:
Mr Icahn has a history of the same & became further emboldened when Mr Trump was elected. So much so that a new word was coined 'Icahnaclasty ' i.e. appointing a campaign financier as 'special advisor' on regulatory reform (energy) who then very blatantly used the position to increase his already vast portfolio. Already exposed.
Carl Icahn’s Failed Raid on Washington Was President Trump’s richest adviser focussed on helping the country—or his own bottom line?
Mr Icahn has a history of the same & became further emboldened when Mr Trump was elected. So much so that a new word was coined 'Icahnaclasty ' i.e. appointing a campaign financier as 'special advisor' on regulatory reform (energy) who then very blatantly used the position to increase his already vast portfolio. Already exposed.
Carl Icahn’s Failed Raid on Washington Was President Trump’s richest adviser focussed on helping the country—or his own bottom line?
Mr. Icahn would likely bristle at that term while favoring the self-described 'activist investor' instead. (Personally, I agree with yours)
Quote:
Carl’s dream in life is to have the only fire truck in town. Then when your house is in flames, he can hold you up for every penny you have.”
His religious persuasion & passion:
Quote:
This is a core element of Icahn’s philosophy. Jimmy Williams, a former in-house lobbyist for Icahn, told me, “Carl is a man who thinks that business should be unfettered and that government should not be involved in the free-market economy. With every fibre in his body, that is what he truly believes.”
No one was surprised when he was 'tapped', it was the Trump Administration that was considered 'novel':
Quote:
Icahn’s role was novel. He would be an adviser with a formal title, but he would not receive a salary, and he would not be required to divest himself of any of his holdings, or to make any disclosures about potential conflicts of interest. “Carl Icahn will be advising the President in his individual capacity,” Trump’s transition team asserted.
Of course the above should be familiar by now. Apparently, in the Trump Administration, no one has to divest, & no one needs to be honest in declaring conflicts of interest, & everyone is for the 'little guy'.
Quote:
On December 22nd, the day after Icahn was formally declared to be an adviser to the President, rin prices dropped again. It was hardly lost on Wall Street that the famously single-minded investor might leverage his new role to advocate for his own investments. Barron’s asked, “Has Carl Icahn been appointed Secretary of Talking His Own Book?” The Web site Dealbreaker, noting Icahn’s lack of conflict-of-interest constraints, proposed an alternative job title: “Secretary of Do Whatever the **** You Want.”
Oliver Stone borrowed from Mr. Icahn when doing research for his 1987 film, Wall Street, Gordon Gekko's line, “If you need a friend, get a dog" was all Icahn.
Mr. Trump then & now plays the part of subservient & loyal lapdog:
Quote:
It was not hard to believe that the Trump White House had shifted policy at the behest of an industry crony. The Administration had devoted itself, in its early days, to dismantling the regulatory state, in close consultation with business interests. The White House established deregulation teams at various federal agencies. Administration officials have refused to disclose the names of team members, but reporting by ProPublica and the Times suggests that many of them have come from the regulated industries themselves.
Carl Icahn’s Failed Raid on Washington by Patrick Radden Keefe
And who will do anything about this....the SEC that is controlled by trump?? trump didn't drain the swamp, he just made sure his buddies got first dibs on it.
And who will do anything about this....the SEC that is controlled by trump?? trump didn't drain the swamp, he just made sure his buddies got first dibs on it.
The way I see it, the problems need to be identified in order to be competently addressed.
No problems? No solutions are necessary.
Some ideologues seem to think there are no problems, in fact, their ideological bent forces them to agree with Mr. Icahn. Their ideology acts as a 'blind spot' to reality.
A conclusion reached by way of an ideology alone, is where they've stopped thinking.
Anyone remember when something like this would have been a big story?
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New York Post: Icahn dumped $31M in steel-linked stock ahead of tariff announcement
