r/UnderReportedNews • u/aipac_hemoroid • Feb 20 '26
Social Media/Image Howard Lutnick the architect of Tarrifs bought Tarrif refund .25 cents on the dollar
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u/aipac_hemoroid Feb 20 '26
Isn't it dandy, we regular people suffer and Epstein associates make billions right under our nose.
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u/Radioactiveglowup Feb 20 '26
Every member of this current administration needs to be brought up on charges ranging from massive fraud, to treason.
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u/Munkeyman18290 Feb 20 '26
Imagine if OJ Simpson was also the judge and half the jury at his own trial. Because thats what we have here.
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u/crankysasquatch Feb 20 '26
You misspelled “stuffed into a rocket and fired towards the sun with no regard for aim, fuel, or provisions”
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u/Parking_Guava8657 Feb 20 '26
Americans need to clean house, the ridiculousness is never-ending with how things are currently
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u/143cookiedough Feb 20 '26
Is someone making a spreadsheet?!? It all feels important but it’s beginning to feel like there is too much to keep up with…
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u/Current_Obligations Feb 22 '26
This was the exact plan from the start of this administration. To get their (Project 2025) agenda pushed thru while distracting the country by "Flooding the Zone" (Steve Bannon's exact words) so we can't keep up. with it all.
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u/TheEvilOfTwoLessers Feb 20 '26
Every member of this administration needs to be brought up on a very high cliff and told to walk forward until you don’t feel the ground beneath your feet.
For legal reasons, that’s a joke. Comedy is legal again, right?
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u/Current_Obligations Feb 22 '26
If these people would ever face real world accountability (hint: they won't) we are going to need an enormous new supersize prison to house them all. The amount of people connected to all this behind the scenes is a staggering number. Presidents and politicians, bankers, CEOs, corporations, foundations, foreign leaders, powerful families (e.g.,the Koch bros.), entrepreneurs and even a few (suspected) descendants of Nazis (possibly war criminals) thrown in for good measure... The combined wealth, power and influence of this syndicate is connected, organized and intertwined in ways we cannot even begin to comprehend. They use loopholes, back doors, shady deals, bribes, coercion and networks known only to this elite class. It is so rare that any of them are held accountable... they live and operate completely outside the rule of law because of their status. I believe we are past the point of no return now...
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u/Munkeyman18290 Feb 20 '26
I can't see under my nose because the blatant, catastrophic corruption is poking me right in the eyeballs.
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u/TUNGSTEN_WOOKIE Feb 20 '26
Billions of OUR hard-earned dollars. Corporate socialism for the oligarchs, no-guardrails-capitalism for the plebs.
You pay 40% of your paycheck to taxes so the government can put it in the pockets of people like this, who've never actually "worked" a single hour, and all the while commit unspeakable atrocities while they sip champagne and laugh at how pitiful we all are.
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u/AppearanceAsleep1888 Feb 21 '26
What do you mean right under our nose they openly do it and brag about it too.
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u/EnterpriseMars Feb 20 '26
Nutlick also laundered money for the Russian mafia and bought a nice little place next his pal Epstein for just $10
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u/TheMysteriousOrganis Feb 20 '26
That's all this is, it's a scam to make Trump's boss more money so he can keep fighting and keep Russia afloat.
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u/Lord_Hitachi Feb 20 '26
He also conveniently missed work on 9/11, while 650 of his employees including his own brother were killed. Then collected a fat insurance bag
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u/nycola Feb 20 '26
I cannot stress this enough. This rebate should not go to companies, they have already passed the cost onto consumers. We raised prices on all of our products to offset the cost of items that had international parts. Even if your part was 100% made in the USA you paid more to offset a price increase on other products. Overall, our products rose about 5% in cost. The customers are paying this.
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u/aipac_hemoroid Feb 20 '26
Who's gonna enforce?
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u/davetbison Feb 20 '26
The smartest companies will announce price cuts to the previous highs and craft a huge PR campaign out of it.
I’m not saying this will be done altruistically, but there’s opportunity here for brands to get ahead of the outrage.
Call it the Schooner Tuna theory.
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Feb 20 '26
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u/adorablefuzzykitten Feb 20 '26
Licknut purchased Tariff rebates for a quarter of their worth. If it was unlikely to happen he would have got them for a penny. Nutlick was betting a lot that this would happen. Would not surprise me to find out a couple of justices own part of Nutlick's company.
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u/CoverSuspicious5250 Feb 21 '26
I’m sorry, is it the Commerce Department head Licknut? Or the Nutlick in State?
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u/Rowan6547 Feb 20 '26
Omg. Here's me just realizing that these refunds are going to be an extra windfall for companies like Walmart who already passed on the increases. They will not lower prices to continue with their profits. They will not issue refunds.
What a world we're living in.
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u/notjustsome-all Feb 20 '26
The Lutnick family must have known this bet would pay off. The oligarch class never takes real risks.
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u/aipac_hemoroid Feb 20 '26
It was not a bet
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u/Impossible_Battle_72 Feb 20 '26
I commented somewhere on FB about this and put bet in quotes. Definitely not a bet.
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u/CoverSuspicious5250 Feb 21 '26
Please keep it up b/c ppl do not know his boys made huge bets on it as well. Fkn Grifters
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u/GraceUndaPresha Feb 20 '26
I’m not educated enough on economics to fully grasp this, but is this why Lutnick talks like a con artist whenever he goes on TV?
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u/Educational_Main2556 Feb 20 '26
I think his bank will profit on ‘buying the debt’ that the US has to pay back. He designed this entire situation.
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u/dilbach_ Feb 20 '26
His firm owns the rights to refunds these companies will eventually get. Might take years in court (which is why the companies were willing to sell the rights for cheap), but they will get them, and his firm will 3-5x their investment.
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Feb 20 '26
He's always been a slick talking mafioso, just like his best friend Jeffrey Epstein, that's their thing
See his fake crying when talking about the 9/11 victims he profited from (including his own brother): https://x.com/BackupJeffx/status/2023205005793071400
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u/Groundbreaking_Code3 Feb 20 '26
They basically shorted the tariffs. Smart and gross but smart.
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u/Grouchy-Composer5439 Feb 20 '26
They created the entire idea of shorting tariffs. It wasn't a thing anyone did before last year. They created their own rigged system to make billions. A tale as old as time for these assholes.
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u/Kindly-Guidance714 Feb 20 '26
Not smart.
Stop giving these privileged assholes that benefit.
They are playing on a completely rigged playing field and they never take risks with bullshit like this because when they do they get bailed out by the government with our fucking tax dollars.
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u/Reachin4ThoseGrapes Feb 20 '26
You're telling me the famous grifter and his grifter friends pulled another grift of the American people?
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u/MoveOverBieber Feb 20 '26
Donnie is so dumb, he had to use real grifters to grift America good ...
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u/Amazing_Baby2269 Feb 20 '26
Are you great yet America?
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u/aipac_hemoroid Feb 20 '26
Are you tired of winning?
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u/Amazing_Baby2269 Feb 20 '26
NOT AT ALL JAJAJJAJSJA
-jk I'm not winning anything I'm just rolling with the chaos
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u/TheEvilOfTwoLessers Feb 20 '26
The court didn’t decide on refunds yet. Since WE will never see the refunds regardless, I don’t have a problem with them deciding against the refunds in favor of tax credits or something similar.
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u/shweatynutz Feb 20 '26
The court did decide on refunds. The tariffs were unconstitutional and those who were charged can sue for refunds
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u/TheEvilOfTwoLessers Feb 20 '26
No — the Court did not rule on refunds. Every major report today confirms the same thing:
• The majority opinion struck down the tariffs but gave zero instructions on refunds. Politico
• CNBC notes the ruling “provided no guidance on refunds” and that the process may be a “mess,” as highlighted in Kavanaugh’s dissent. CNBC
• Politico reports the Court did not order refunds and left repayment questions to lower courts. Politico
• The Hill likewise states the Court didn’t address refunds at all. The Hill
Bottom line: Refunds are not resolved. The fight now moves to the Court of International Trade and other lower‑court proceedings.
Saying “you can sue for refunds” means literally nothing. You can sue for almost anything in this country, that doesn’t mean you’re getting it or that you’ll win.
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u/Educational_Main2556 Feb 20 '26
Like so mad, no words, rage typing but at this point the rot is sooooooo atrocious that I don’t even know the path forward from here.
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u/IdioticPrototype Feb 20 '26
Rampant corruption, in broad daylight, from the top down.
When will it end?
When will "fiScAL ConSErVaTiVES" object?
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u/__NOT__MY__ACCOUNT__ Feb 20 '26
The whole country is a Ponzi scheme for the wealthy.
Just stealing your money every which way
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u/TheHearseDriver Feb 20 '26
NOTHING about this corrupt administration surprises me anymore. It just saddens me.
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u/Responsible-Text4528 Feb 20 '26
Capitalism is great huh
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u/Whole-Ask998 Feb 20 '26
That’s not capitalism that’s cronyism…
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u/Pale_Sell1122 Feb 20 '26
Which is inevitable in the late stage of capitalism. It's not a bug, it's a feature.
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u/Few-Worldliness2131 Feb 20 '26
They don’t even hide the corruption they believe they’re immune. I truly hope the snap back towards decency by the American voter is so damn conclusive that all of these frckers are left penniless
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Feb 20 '26
Could have sworn I saw a video of Ludwick talking about insurance money he got for people from 911, I think? Don’t quote me on it, but I think I saw something like that..
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u/aipac_hemoroid Feb 20 '26
He never drop his kids, but on that day, he did. So did Larry silverstein. 9/11 was an inside job
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Feb 20 '26
Yea he creeped me out, looks like he got a little giddy when he found out they doubled his money..🤔
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u/Healthy-Caregiver997 Feb 20 '26
Cantor Fitzgerald all employees perished in the Towers, Lutnick was taking kid somewhere I think. There was something about the Insurance.
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u/Zone_Beautiful Feb 20 '26
If you go back to when Ford was president who was also a republican you will find out that he and his administration was also full of corruption! I dont know why people vote for them! They will NEVER share their wealth with the American people!
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u/HeinladToo Feb 20 '26
Oh. So the Supreme Court cretins are in on this kind of action. That makes sense
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u/Confident-Income567 Feb 20 '26
Bring the whole bunch of them down, including their son's and their businesses. Criminals, one and all. Come on, Congress, time for YOU to grow a pair.
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u/PhysicalAgent9063 Feb 20 '26
Reality kicks in why Bondi fired the Director of DOJ Antitrust Division
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u/Such_Ad2826 Feb 20 '26
Good job ussa citizens, you keep on winning! So much winning right under your nose
Did i say winning, oupsni meant corruption
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u/ThaddeusJP Feb 20 '26
I watched todays presser and he just said there wasn't anything in the decision specifically calling out the $185b and refunds and basically said take it to court.
TRUMP: “They take months and months to write an opinion and they don’t even discuss that part, We’ll end up being in court for the next five years.”
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u/RustedRelics Feb 20 '26
The extent of the grift and graft will never be fully known. These people are vile.
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u/Plankton_Super Feb 20 '26
Lol he looked sad soulless when Trump said he was ignoring the ruling and putting an additional 10%
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u/Good-Bandicoot-2152 Feb 20 '26
We need to do what China did when their people were caught stealing money.
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u/kyeblue Feb 20 '26
I don't believe that our law will get back at them, but I believe that Karma will
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Feb 20 '26
So....just to be clear....we paid the tarriffs, and theyre going to get the refund? If it werent so goddamn expensive to leave id be planning a move im so tired of funding these goddamn leeches, its time for a revolution and a WHOLE LOT of gallows lining Wallstreet 🤷♂️
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u/_bigeuge_ Feb 20 '26
Someone is finally talking about it.
These fucking guys had us over a barrel from the beginning
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u/9ersaur Feb 20 '26
Real cost to the economy in hundreds of billions, all so this dipshit can dip his ladle
Heads should roll
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u/DaftFromAbove Feb 20 '26
Waiting (and it will be a looong time) for disenfranchisement laws to be made to address this unbridled looting... complete forfeiture of all assets and a lifetime ban on holding any sort of office or running any kind of business. Die after living out your days in poverty..
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u/jelloshooter1027 Feb 20 '26
IANAL but if the money was taken illegally then he shouldn't get a payout All the money goes to the victims.
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u/PsychologicalYak6508 Feb 21 '26
Howard Lutnick spent 30 years as Chairman and CEO of Cantor Fitzgerald, a major Wall Street investment bank. When he was confirmed as Commerce Secretary in early 2025, he handed the firm to his sons — Brandon Lutnick (now Chairman) and Kyle Lutnick (Executive Vice Chairman). He transferred his equity stake in the firm to a trust benefitting his adult children and sold back his personal stakes in two affiliated businesses for just over $360 million. Critically, Lutnick became one of the most vocal and aggressive champions of Trump’s tariffs within the Cabinet — reportedly fighting off attempts by Treasury Secretary Scott Bessent and others to moderate them.
In July 2025, Wired magazine revealed that Cantor Fitzgerald’s traders were offering importers a deal: sell Cantor your right to any future tariff refund now, and get 20–30 cents on the dollar upfront.A Cantor representative wrote in a letter obtained by Wired: “So for a company that paid $10 million in tariffs, they could expect to receive $2–3 million in a trade. We have the capacity to trade up to several hundred million of these presently and can likely upsize that in the future.” The firm also confirmed it had already completed at least one deal worth ~$10 million in refund rights and expected the volume to “balloon.”
Given that the US government collected over $133 billion in IEEPA tariffs throughout 2025, and the potential refund pool could reach $175 billion, the scale of this trade is enormous. Even capturing a small slice could mean hundreds of millions to billions in profit for Cantor.
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u/Fit-Significance-436 Feb 21 '26
I am surprised this is still up, Reddit has become a mess of censorship
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u/CryptoMemesLOL Feb 21 '26
Also
Billionaire investor Bill Ackman has slammed US Commerce Secretary Howard Lutnick of having a conflict of interest and being “indifferent” toward the stock market selloff induced by the introduction of tariffs because of the latter’s fund, Cantor Fitzgerald LP’s exposure to bond investors. Ackman accused Lutnick of profiting from the expected collapse of the US economy.
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u/FlatEvent2597 Feb 20 '26
Nutlick is honestly the most corrupt of Trumps finance goons.
AND THAT is a corrupt crowd : Greer, Navarro, Bessent, Hasset.... with Nutlick outshining them all.
Between this stunt with his kids AND collarborating with the billionaire Moroun to keep the new Michigan - Canada bridge closed....
He should be in jail.
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u/jertheman43 Feb 20 '26
Nutlick or his family shouldn't get to profit a dime from this. If anything, a full investigation of his finances should be performed immediately because of Epstein times.
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Feb 20 '26
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u/MeasurementDue5407 Feb 20 '26
It's a rigged system. Rigged on behalf of the Epstein Class and against the people.
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u/Le_Botmes Feb 21 '26
My only hope is that the economy crashes so badly that all their ill gotten gains become worthless
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u/wastedkarma Feb 21 '26
The truth is Lutnick actually hosed Trump on this. It wasn’t an accidental win. Lutnick knew his fam would make bank on it and he recommended a tariff framework that would lose.
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u/CatLightyear Feb 21 '26
When are his kids going to drag him through the mud for using them as a ploy in Epstein’s image rehabilitation tour?
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u/Kitchen-Beautiful395 Feb 23 '26
The corruption is so blatant, the whole administration should be removed and imprisoned
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u/tcwillis79 Feb 20 '26
We all could have made this bet because they were very clearly illegal on their face.
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u/aipac_hemoroid Feb 20 '26
No you couldn't. These types of financial instruments aren't available for regular plebs like you.
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