In a Stunning Coincidence
Billionaire Carl Icahn dropped $31.3 million dollars of stock in Manitowoc Company Inc. on February 22, only days before Trump announced heavy tariffs on imported steel. Manitowoc is heavily dependent on steel manufacturing. Icahn sold the stock at around $33, but it dropped to $26 after Trump’s announcement.
Before February, Icahn was not actively trading Manitowoc stock. According to regulatory filings, he did not buy or sell any shares of Manitowoc between January 17, 2015 and February 11, 2018.
But Icahn suddenly out of nowhere ups and decides to shed all this stock all at once.
Hummmm … you’d think he knew Donald Trump.
And you’d, of course, be right.
Icahn, a billionaire investor with far-flung holdings, is a close associate of Trump — who invoked Icahn’s name repeatedly on the campaign trail. Once in office, Trump installed Icahn as a “special adviser,” although Icahn did not not unwind his business entanglements before accepting the position.
Icahn resigned as special adviser last August shortly before the New Yorker hinted that Icahn was using this long friendship withTrump to enrich himself.
Now all this gets really weird when you remember that Trump had to hide from everybody on his staff that he was going to raise the tariffs. Maybe, just maybe, he and Carl had a secret.
Maybe.
In “King Icahn,” a 1993 biography, the author, Mark Stevens, described his subject as a “germophobic, detached, relatively loveless man,” and quoted one contemporary saying, “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.”
Yep, twins.
Thanks to Billy for the heads up.
If Icahn starts selling stock in companies with facilities in South Korea – worry.
1Oh, I’m sure it was just a coincidence. You know, one of those “great minds think alike” things….
2President Obama? Mrs. Obama? Ms. Lynch? Mr. Holder? Hilz?Whatcha all doing? Word is that Mueller Time will be needing a few more good attorneys. Ears up, Preet Bharara.
Schadenfreude with a cherry on top would be Chris Christie returning to prosecute Kushner Jr.
3Twins in slime. Socio/psychopaths. I hate ’em.
4I find it fascinating just how brazen they all are.
It’s as if they either don’t realise that they will be caught, or they just bloody don’t care because they know they’ll never be punished as long as they can keep the Republicans in power.
SMH.
5The more secrets Trump gives away, the happier I am that he doesn’t read the Presidential Daily Briefing.
6I’ve said it elsewhere, but it bears repeating: What’s a little insider trading among friends? Is anybody going to investigate this?
7Some outfit was being investigated and then they made a 180 million dollar loan to Kushner Companies and a month later the investigation was dropped.
Qatar refused to loan Kushner money and a few weeks later they were blockaded by Drumpf. Just silly coincidences. Kushner’s family has a loan coming due next February for 1.2 billion, of which the family is on the hook for 600 million and they can’t get any suckers to play along with them.
8Off topic, I know, but don’t forget to vote! Go Beto!
9Martha Stewart is watching this closely.
10Hmm. Well s*** floats so those two can swirl the cesspool drain together. Why does traitor trump giving early detail of his incredibly stupid tariff scheme to an equally vile piece of sludge surprise anyone?
11As for Jared, the little pr*** richly deserves to be sent to prison for his outrageous dealings. Using ones position for personal gain is strictly unconstitutional. Like the corrupt trump mob, Jared doesn’t care how many innocents suffer as long as he can con someone into bailing him out of incredibly
poor real estate purchases. Nowhere in the trump/kushner mob is one businessman to be found. Every bloody one is a cheap, corrupt crook. Time is now to put them all away and reduce this miserable circus to a footnote warning to history.
Move along.
12There’s nothing to see.
Move along…
Mueller is actively investigating Kushner family values and even Ivanka is under screw tin knee for possible shagy financial dealings.
13Trump and Icahn – separated at birth.
14In the waning days of the Roman Republic, Crassus made a fortune by offering the firefighting equivalent of Icahn’s “only firetruck in town”. In this case, Icahn benefited by the actions of the man who put the ass in crass.
15If Carl Icahn was the beneficiary of information from Trump not available at the time to the general public, it could be considered insider trading, yet not rise to the standard of illegality. The difference is that illegal trading arises when someone buys or sells a publicly traded security based on confidential information obtained from within a company, not an industry as a whole. Unfortunately, sudden announcements from the president have the power to move entire industries and markets, as the stock exchanges proved in responding to Trump’s tariff announcement. Despicable, but not illegal, but if cronyism between Trump and Icahn can be clearly established, it could be one more justification for impeachment.
16Hannah: someone owes Martha a big apology.
17