>if you facilitate the legislation of tarrifs that you knew are illegal?

Did they know it was illegal? Any more than say, the Biden administration "knew" that forgiving student loans were illegal?

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anon7000 a day ago | parent | next [-]

They literally spent a decent chunk of money spinning up a line of business that could only make money if the tariffs were illegal.

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garyfirestorm a day ago | parent | next [-]

> Did they know it was illegal

it doesnt have to be black and white. they knew enough to spin up a business that when it is overturned they could make money... which means they knew the probability was high.

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hammock a day ago | parent | prev [-]

[flagged]

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PaulDavisThe1st a day ago | parent [-]

Insurance company deal: if you pay us $X now, and then Y happens, we will make you whole, even though that cost may very well exceed $X.

Lutnick deal: we pay you $X' now, and if Y' happens, we collect everything which will substantively exceed $X'.

This is not insurance, its closer to shorting stocks.

Oh, one other thing: the insurance company has essentially nothing to do with Y at all, in the sense that they have no control over Y and generally speaking no involvement in it (think: accidents, floods, storms, fires). By contrast Lutnick is the Secretary of Commerce of the United States of America.

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hammock 17 hours ago | parent [-]

Lutnick deal: if we pay you $X now, and then Y happens, you will make us the whole refund, even though that windfall may very well exceed $X.

Insurance company deal: you pay us $X' now, and if Y' happens, we pay for everything which may substantively exceed $X'.

	▲	PaulDavisThe1st 13 hours ago \| parent [-]
		I have no idea what the point of this is, since it just restates what I wrote, and reinforces the point that the Lutnick deal is nothing like "insurance".

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seydor a day ago | parent | prev | next [-]

even if they were not sure 100%, the fact that introducing the legislation is connected to him making money is a conflict of interest.

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nkassis a day ago | parent | prev [-]

That's not really the comparable here, you need to find a person with vested interest in the outcome of the student loan forgiveness program.* Someone that was working within the agency responsible for the program and actively was in the discussions where the legality was discussed. Then made a scheme to financially get rewarded. Not only that used his son as a way to create the illusion of separation.

* And not just a borrower that wouldn't be anywhere similar to this level of conflict.