Source? I saw this claim going around but the one actual source supporting the claim was more like “we have the cash to buy them if folks are willing to sell them” and didn’t go any further than that.

Via Newsweek, Cantor Fitzgerald has affirmed it “never executed any transactions or taken risk on the legality of tariffs.”

https://www.newsweek.com/howard-lutnick-sons-may-make-money-...

This is contradicted by Cantor Fitzgerald documents obtained by Wired which said "We’ve already put a trade through representing about ~$10 million of IEEPA Rights and anticipate that number will balloon in the coming weeks".

- https://www.wired.com/story/cantor-fitzgerald-trump-tariff-r...

So we don't really know, someone is lying. I'd prefer to let the congressional investigation play out, but if I had to guess right now I would believe Wired over Cantor Fitzgerald.

[dead]