Comment by edot
7 days ago
Howard Lutnick and his sons are surely happy about this. It’s almost like Howard Lutnick, the Secretary of Commerce, knew this would happen. His sons, at their firm Cantor Fitzgerald, have been offering a tariff refund product wherein they pay companies who are struggling with paying tariffs 20-30% of a potential refund, and if (as they did today) they get struck down, they pocket the 100% refund.
https://www.finance.senate.gov/ranking-members-news/wyden-wa...
Meanwhile Pam Bondi's brother is a lawyer who's firm represents clients with cases against the justice department, and those cases keep getting dropped.
- https://www.newsweek.com/trump-doj-handling-pam-bondi-brothe...
- https://abcnews.com/US/doj-drops-charges-client-ag-pam-bondi...
Yeah this is basically a thing everywhere. I was criminally charged in a certain mid-sized town, all I did was search through the court records to find the lawyer who always gets the charges dropped, hired them, and they went away for me too. Unfortunately that's the way the just us system works.
That might actually be a pretty genius strategy.
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Well what you're describing could just be finding the most skilled lawyer in town. What the other person is describing is bribery and nepotism.
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Ahh, Brad Bondi, who it is widely rumored to be attempting to join the Bar in DC for the convenient benefit of being able to wield influence in the event of anyone trying to push for disbarrment against Pam...
I wouldn’t put anything past them, but my impression is that they were just acting as a middleman for this transaction and taking a fee, rather than making a directional bet one way or another. Hedge funds have certainly been buying a lot of tariff claims, giving businesses guaranteed money upfront and betting on this outcome. But for an investment bank like Cantor Fitzgerald that would be atypical.
> they were just acting as a middleman
This is no excuse. If they knew this would be a business, being a broker of such deals would be sure to make them money.
It’s not really excusing anything, just pointing out that Cantor Fitzgerald would be making money whether this Supreme Court ruling went for or against the Trump tariffs. So it’s not like they had to have any inside knowledge to be making money.
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That's what a bookie does. Middleman.
If you are the risk and the insurance for that risk you aren’t a middle man you are the mob.
> my impression is
not sure why you'd give them any benefit of the doubt. they haven't earned it.
Ah yes, instead of applying the normal legal standard of “not even having the appearance of impropriety” we instead apply the monkey’s paw standard of waiting until they “no longer even have the appearance of propriety”.
Remember when a conflict of interest was so important that Jimmy Carter sold his peanut farm, because heaven forbid, he accidentally made some money while president.
Like his peanut farm would unduly sway government peanut policy.
An even more interesting one is that Ford was the first president to go on paid speaking tours after office. It's not like the 37 other presidents couldn't have also cashed in on the office in a similar fashion, but it was felt that such a thing would impugn the integrity of the office and also undermine the perception of somebody working as a genuine servant of the state.
There has most certainly been a major decline in values over time that corresponds quite strongly with the rise in the perceived importance of wealth.
Curious if part of this was the overall decline in government compensation relative to the private sector. The president makes roughly what the typical SV engineer makes after 5 years in big tech or as a fresh grad from a top PhD program. Meanwhile the people the president deals with have become unfathomably wealthy.
In 1909, the US president made 75k - roughly 2.76 Million in today's dollars. This is in comparison to the current 400k dollar salary of the president. As the president is the highest paid government employee by law/custom - this applies downward pressure on the rest of the governments payroll.
I see no reason why the president shouldn't be modestly wealthy given the requirements or the role and the skill required to do it well. Cutting the payscale to less than some new grads seems like a recipe for corruption.
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>There has most certainly been a major decline in values over time that corresponds quite strongly with the rise in the perceived importance of wealth.
Are you sure that people in the past viewed wealth as less important? If anything, the 1960s hippie movement would represent a shift away from a cultural emphasis on wealth, no?
I would suggest that internet commenter nihilism and politician nihilism form a self-reinforcing spiral. If commenters will take a nihilistic view of your actions no matter what you do, you might as well secure the bag. And if politicians are always securing the bag, you might as well write nihilistic internet comments about them.
Remember when the late President Carter was being laid to rest?
There was a tremendous outpouring of grief and honor, and so much heartfelt condolences. From all over America and the whole world. Deep respect as fitting as can be for such a great human being, for the type of honest & compassionate leadership you could only get in the USA, and only from the cream that rises to the top.
Every single minute it invoked the feeling that Trump deserves nothing like this ever.
There will be a wild party across the globe when that man passes. Flags burning, fireworks, nude parades, more alcohol consumed than the day prohibition was lifted.
Red Hats will be crying in the street while sane and normal happy people dance like it's the rapture and kiss like they're falling in love for the first time all over again.
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The older I get and the more I learn, the crazier it is that evangelicals abandoned / were conned into supporting Reagan over Carter, all the while claiming that Reagan was sent from God or something.
But then, I have seen the same thing played out recently: Biden, a devout catholic is considered borderline evil by my fundagelical parents (mostly due to religious channels from the US, even though they're in Canada), while Trump is approaching sainthood.
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Remember when Richard M. Nixon was laid to rest?
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It’s a tax on the US economy. A tax levied by individuals rather than the government itself. An ingenious scheme. Evil, but ingenious.
Refunds to business, but unless they have to refund to consumers it's free capital to importers
It is a return of their capital illegally acquired by the federal government.
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There are Non-Resident Importers, which are foreign companies that import goods into the USA, but do not have a presence in the United States. About 15% of USA imports come through NRIs.
For them this reversal sets up a true irony. Trump effectively forced US citizens to pay more the imported goods. He thought that money would go to the USA treasury. Now the US treasury has to pay it back, so it is a free gift to the exporting countries. Like China.
Truly delicious.
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The stated intention was to replace income taxes with tariffs; and it came with a bonus feature of handing the President a cudgel with which to grant him personal powers and personal rewards.
There were something like six different stated intentions, most of which were entirely mutually-exclusive. Replacing income taxes was always the least credible of them.
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It's not a legitimate tax.
That's why it taxed the economy much worse than a legitimate President would do.
maybe i lean too much in one direction, but what is a "legitimate tax"?
Once again, count on hn for the downvotes. Yep, those shall not speak of downvotes, or taxation.
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Yeah, he's gotta finance the payments to whoever the kiddie peddler du jour is somehow. Especially now that he can't just walk next door or steer his yacht towards a conveniently located island.
You don't think there's already a replacement island?
I'm not even convinced that the first one has been decommissioned yet.
A witness also reported to the FBI that Lutnick and CF are engaged in massive fraud: https://www.justice.gov/epstein/files/DataSet%209/EFTA012492... Oh and he bought his house from Epstein for $10. Nothing to see here just a criminal admin fleecing you without even shame enough to try to hide it well.
> without even shame enough to try to hide it well.
Why would they bother hiding it when the populace is apparently powerless to do anything about it?
It's not just powerless, I see that Republicans seem to not care a yota about this type of fraud.
And took his wife, kids, and their nannies to have lunch with Epstein. Years after he'd said he wouldn't associate with Epstein anymore, and years after Epstein's conviction.
If that was me, I would have used my substantial wealth to have lunch literally anywhere else in the world, with anyone else in the world.
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> a tariff refund product wherein they pay companies who are struggling with paying tariffs 20-30% of a potential refund
For what it’s worth, I’ve personally been doing this. Not in meaningful dollar amounts. And largely to help regional businesses stay afloat. But I paid their tariffs and bought, in return, a limited power of attorney and claim to any refunds.
Presumably you're not a admin cabinet member or related to one or have inside info from those in the cabinet, which is the key differentiator.
Totally with you on the corruption angle. I was just pointing out that loaning businesses money isn’t inherently evil. I’m also unconvinced anyone I lent to actually wants to go through the trouble and political risk of fighting for a refund.
The Lutnick sons were also probably betting on the outcome of the case on Kalshi
Is a refund even likely?
Seems more likely the administration orders everyone to ignore the court.
If you read the opinions, it's even less clear. The majority does not make it at all clear whether or not refunds are due, and Kavanaugh's dissent specifically calls out this weakness in the majority opinion.
Even if the executive branch's actions stop here, there's still a lot of arguing in court to do over refunds.
It is not a "weakness" of the majority that the criminal activity has left a mess.
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Meh, Kavanaugh indirectly caused the whole mess, and directly caused many related and similar ones. It's a bad-faith complaint, Kavanaugh's actual track record is "always let Trump move fast and if he breaks things then whatever."
Basically we have a legal processes for courts going "this is weird and unlikely to stand and hard/impossible to fix afterwards, so do nothing until you get a green light", using temporary restraining orders and injunctions.
Yet Kavanaugh et al spent the last year repeatedly overriding lower-courts which did that, signaling that if someone said "let's figure this out first" to radical and irreparable Republican policies, the Supreme Court would not have their backs.
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> In case after case, dissenting justices have argued that the Court has “botched” this analysis and made rulings that are “as incomprehensible as [they are] inexcusable,” halting lower court injunctions without any showing that the government is facing harm and with grave consequences, including in some cases in which the plaintiffs are at risk of torture or death. The majority’s response to these serious claims? Silence.
https://www.brennancenter.org/our-work/analysis-opinion/supr...
The executive branch couldn't so much as order me drink a cup of tea unless it first drafted me into the army or declared martial law.
Irrelevant. The people who would send the money for refunds are people who do take such orders.
With that attitude you will be shot on the spot for resisting.
Why does that seem more likely? They haven't done that yet.
Sure they have.
https://www.washingtonpost.com/politics/2025/07/21/trump-cou...
> President Donald Trump and his appointees have been accused of flouting courts in a third of the more than 160 lawsuits against the administration in which a judge has issued a substantive ruling, a Washington Post analysis has found, suggesting widespread noncompliance with America’s legal system.
https://www.nytimes.com/2026/02/18/us/politics/justice-depar...
> Judge Provinzino, who spent years as a federal prosecutor, had ordered the government to release Mr. Soto Jimenez “from custody in Minnesota” by Feb. 13. An order she issued on Tuesday indicates that the government failed not only to return his documents, but also to release him in Minnesota as she had initially specified.
https://en.wikipedia.org/wiki/Deportation_of_Kilmar_Abrego_G...
> On April 10 [2025], the Supreme Court released an unsigned order with no public dissents. In reciting the facts of the case the court stated: "The United States acknowledges that Abrego Garcia was subject to a withholding order forbidding his removal to El Salvador, and that the removal to El Salvador was therefore illegal." It ruled that the District Court "properly requires the Government to 'facilitate' Abrego Garcia's release from custody in El Salvador and to ensure that his case is handled as it would have been had he not been improperly sent to El Salvador."
> During the [April 14 2025] meeting, US Attorney General Pam Bondi said that it was up to El Salvador, not the American government, whether Abrego Garcia would be released.
(That was, of course, a blatant lie.)
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"Seem more likely to" usually refers to the future, but is based on past behaviour. Hope that clears it up!
Witkoffs profited off the UAE Spy Sheikh chips deal! Why can't Lutnicks make millions?! Come on guys. Unfair.
https://archive.is/W6Gqy
Wait you don't mean the same Howard Lutnick who was sold a mansion for the sum of ten dollars by none other than Jeffrey Epstein himself? I'm shocked.
That’s an insane conflict of interest. His sons took over the firm? It was already bad that Lutnick took over in the first place. As I recall he sued the widow of Cantor to steal control of the company after Cantor died.
But I guess this is not very surprising. I am sure every friend and family member of Trump administration people made trades leading all those tariff announcements over the last year, while the rest of us got rocked by the chaos in the stock market.
Lutnick is not a good man. There’s also this, from https://www.justice.gov/epstein/files/DataSet%209/EFTA012492...
“LUTNICK was a neighbor of JEFFREY EPSTEIN (EPSTEIN) in the adjoining property at 11 E 71st Street, New York, New York. LUTNICK bought the property for $10 through a trust. LES WEXNER (WEXNER) and EPSTEIN owned the building. LUTNICK bought it in a very roundabout way from EPSTEIN.”
This admin? Conflict of interest? Add it to the list.
> That’s an insane conflict of interest.
Welcome to America.
This isn't even in the top 10 of corrupt activities our government officials undertaken in the past year.
Suffer from a downvote-a-bot much?
Corrective upvote applied.
Serious question - what do you think the kids should do when their parents get political positions, not work?
Having control of a company is not exactly "work".
The responsibility is on the parent; the parent should recuse themselves from decisions or discussions where there could be a conflict of interest involving their family members.
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If the court establishes that this was a tax, how would they administer the refund considering it's impossible to disentangle absorbed tariffs by firms and those passed along to consumers?
SCOTUS left it unspecified, but the refund would go to the payer, legally.
And this is the same Howard Lutnick who was just last week was caught blatantly lying about his relationship with Epstein?
[0] https://www.theguardian.com/us-news/2026/jan/30/new-epstein-...
Most people knew this would happen, it was widely predicted.
Basically a bookie, eh? And the house never loses...
Holy crap, you couldn't make a story that is a more direct echo of the plot point in Wonderful Life if you tried.
If whoever runs in 2028 does not have a concrete plan for investigating & prosecuting every single person who worked under this admin from top to bottom, they are wasting everyone's time. We need to see hundreds of life-in-prison sentences by the end of 2029.
I can tell you what will happen instead.
If a dem wins in 2028, the big push will be one of reconciliation and acceptance. Let bygones be bygones. And it'll happen. And then for the next 4 years conservative media will absolutely pound that person's backside over made up and/or exaggerated corruption claims. Then in 2032 the GOP candidate will claim they're going to look into these claims.
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We’ll be dependent on New York for that, as potus will pardon everyone save for a few suckers at the end, assuming he leaves office in an orderly manner.
The purge of DOJ (They can’t even find confirmable US Attorneys at this point.) and the military officer corps makes that not a certainty.
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Nationalize the entire trump family fortune with RICO. Impoverishment is the perfect moral hazard to reign in hubristic and corrupt business practices.
> We need to see hundreds of life-in-prison sentences by the end of 2029
Best we can do is a couple dozen golden parachutes.
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I think the precedent has been set - proactive pardons for all, every administration from now on
Merrick Garland is tanned, rested, and ready to not do jack until 2040.
How many cops/prosecutors/judges/prison guards/government employees support this administration?
Doesn’t seem like a trivial task, given the Nov 2024 election results.
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The first thing on the agenda is to impeach & convict, if there were enough patriotic Americans in Congress it should be possible this afternoon.
Then they can take their time to reverse all immunity granted by this President so all snakes can be rooted out.
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We've let criminal administrations get away with too much for too long. Nixon, Reagan, Bush Jr., and Trump 1 were all allowed to disregard the law and it got worse every time. We cannot move forward without purging crime and corruption from our system. Everyone from the top down to Billy-Bod ICE agent.
No more Merrick Garlands. No hand-wringing over appearances of weaponizing the DoJ. The next president needs to appoint an AG who enforces the law, and if they don't do it, they need be fired and replaced by someone who will.
I feel very strongly that's what should happen, and equally strongly that there's zero chance a democratic president will actually do that in a meaningful way. Dems sometimes talk a big game when they're out of power but when they're in power they actually quite enjoy the expanded powers and reduced accountability that's come about. That plus their usual ineffectual bumbling will combine to mean they basically doing nothing.
At this point I think I'm most scared of the next fascist president. Trump has opened up a lot of avenues for blatant corruption and tyranny. His greed and stupidity have so far saved us from the worst outcomes but someone with his psychopathy but more savviness will mean the true end of our freedoms.
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Unfortunately, we have a two party system, and neither side is going to do anything about it. One side is complicit and actively participating in the fraud and grift. The other side is all talk and no action. If they win, they'll spend four years making excuses about why they can't actually do anything. They had four years to prosecute and imprison Trump 1.0 and just... talked and sat on their hands doing performance art.
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There's no scam too big or too small, from Trumpcoin's open bribery, to Secret Service paying 5x the GSA per diem rate to stay at Trump properties on duty.
You think at some point america would get sick of having a billionaire gang of thieves in charge.
Trump just gave himself a $10 billion dollar slush fund from taxpayers. Who stopped him? No one. This amount of money will buy you one great den.
Noem wants luxury jets from the taxpayer.
So. Much. Winning.
America is pretty sick of both parties.
Had the Democrats ran a half decent candidate, they could easily have won. But they're just not capable of doing that.
They did run a half decent candidate. Trouble is, too many people insist on so much more. If it's not the zombie of JFK they're staying home.
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Why do you guys have only two parties and the executive is made of a pseudo king that rules with no opposition?
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Right. So on one hand we have a gang of undisputable thieves (GOP), on the other hand we have honest but "not half decent" politicians (Dems). Tough choices all around!
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We are sick of it, but despite being somewhat of a democracy, we have no real power in this two party, first past the post system when both parties always run establishment candidates, aka, billionaire thieves gang members.
There are more offices than just the president. Third parties often win in local elections (I don't know numbers, I doubt more than 5%). They win in state elections from time to time as well. If you get involved you can build a third party until it cannot be ignored.
When is the last time the Democrats ran a billionaire?
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> So. Much. Winning.
Like the man said, I'm definitely tired of all the winning. Emoluments clause be damned.
The irony is that Trump won on a message of "drain the swamp" which was supposed to address this issue. Instead it seems like it's more of just "replace the swamp" with his own guys.
I think the swamp has been expanded more than replaced.
The message is just "swamp!" now.
Every accusation from Republicans, without exception, is either a confession, a plan, or an unfulfilled wish.
Another point of irony: Elon was tasked with "draining" the swamp and the left immediately goes to burn Teslas.
For me, when someone promises to "drain the swamp", they reveal their ignorance and selfishness with their shallow anti-swamp ideology.
Swamps are rich ecosystems with incredible natural beauty and diversity. Draining a swamp is extraordinarily bad in general, even if good for wealthy property developers.
Ironically, it seems that "drain the swamp" turns out to be an apt metaphor for what Trump and that gang have been doing, as promised.
“The creatures outside looked from pig to man, and from man to pig, and from pig to man again; but already it was impossible to say which was which.”
The swamp has always been him and his buddies. Pure projection. Everything he spouts is always pure projection.
It’s not even ironic. Trump never genuinely intended to do so, and anybody with a brain never trusted them to do so either. Just another case of “every accusation an admission” in the case of the leaders, and “it’s only bad when it’s not our guy doing it” in the case of the followers.
Trump has a long record of stealing from Joe Average and had been doing it since between 2016. Joe Average thinks he’s clever for doing it.
Joe Average will keep voting for them to pick his pocket, as long as they promise cruelty to the "Other Side".
Joe Average knows he is getting fucked over either way
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For the Fox News crowd, which is most of his supporters, they are likely not even aware of these transgressions, as they are not reported there. Or, if they are aware, they are happy to see Trump enriching himself, because, own the libs or something?
I swear, if the dems aren't running on "here is all of the shit that Trump and his cronies stole from you" every single day for the next two years they are the dumbest political strategists alive.
What is this shit? 4D grifting?
He is also surely happy the Trump administration no longer sees fit to investigate or pursue anyone with connections to Epstein. Previously Lutnick had lied about the extent of their relationship, yet even after the recent relevations he can simply wave them off.
What a profitable time for the Lutnicks, who are of course already fabulously wealthy. Our system really does reward the best people.
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He had access to the entire legal team for one side of the case. He also had access to internal legal discussions when the tariffs were put in place, when the president was almost certainly advised that they were illegal and would likely be struck down.
Nah, with this administration I don’t believe a lack of impropriety without proof. It’s swampy all the way down.
Oh, come on.
They spy on Congress (https://www.nbcnews.com/politics/congress/lawmakers-demand-d...).
They likely don't even need to spy on SCOTUS. They just have to chat with Ginni Thomas.
https://www.theguardian.com/us-news/2022/dec/30/ginni-thomas...
"The conservative activist Ginni Thomas has “no memory” of what she discussed with her husband, the supreme court justice Clarence Thomas, during the heat of the battle to overturn the 2020 presidential election, according to congressional testimony released on Friday."
"Thomas also claimed the justice was unaware of texts she exchanged with [White House Chief of Staff] Meadows and took a swipe at the committee for having “leaked them to the press while my husband was in a hospital bed fighting an infection”."
Sadly people don’t have to remember. They have to be proven guilty.
Said with confidence, as if you actually know what's going on behind the scenes.
I look forward to the day we pull our heads out of the sand and stop excusing blatant corruption. It takes a naive view of the world to assume the Secretary of Commerce has access to the same limited information as you or I.
Let’s call all of this what it is: parasites leveraging their insider positions for profit. The ruling class is ripping the copper out of our walls and selling it for scrap while we all choose to look the other way.
The justices and all of their clerks don't live in a bubble. They regularly hang out and discuss god knows what with other political operatives. Thomas is particularly noteworthy for essentially taking bribes from a conservative billionaire. The idea that zero information on potential rulings would leak out to certain people is highly implausible.
Thomas is also married to such an operative.
I mean that's just a silly thing to assume with this administration.
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I've wondered from the beginning if the whole tariff thing wasn't basically an insider operation for import/export insiders to profit off of rate arbitrage, if not outright black market operations.
That's more sadistic than I had guessed.
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Lutnicks profit requires some 2nd order thinking. How Trump et al might profit off of import/export insider operations also requires some 2nd order thinking. My apologies for not spelling it out, although it should not take much imagination.
Not import/export insiders, the Trump family... always just follow the money, maybe along the way some "import/export" people get some crumbs but most of it ends up a Mar a Largo :-)
That Lutnik is always sooooo lucky. He didn’t go to the twin towers on 9/11 cause he finally took his kid to kindergarten.
Always seems to be in the right place and the right time