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Well played Cantor Fitzgerald (Howard Lutnick’s hedge fund), well played.

Posted on 2/20/26 at 12:01 pm
Posted by GumboPot
Member since Mar 2009
140024 posts
Posted on 2/20/26 at 12:01 pm


This is how it works:



Identify Potential Sellers (Importers): Target companies that have paid the tariffs in question, such as those importing goods from countries affected by the duties. These are often businesses facing cash flow issues due to the tariffs and willing to sell claims for quick liquidity. You can find leads through trade associations, customs brokers, or financial networks.

Approach these potential sellers to execute the rights to a tariff refund typically for a negotiated price of 20-30 cents on the dollar. The seller gets a nice cash infusion immediately and once SCOTUS delivers their ruling on tariffs, aka today, boom…the buyer (Cantor Fitzgerald) makes 3-4X on the dollar (upon receipt of the refund).

Posted by idlewatcher
Planet Arium
Member since Jan 2012
94893 posts
Posted on 2/20/26 at 12:03 pm to
Ok now I 100% want that POS gone
Posted by Ten Bears
Florida
Member since Oct 2018
4891 posts
Posted on 2/20/26 at 12:05 pm to
quote:

This is how it works


I miss the good ole days of simple corruption, you know, like when a crackhead son of the POTUS blew paint through a straw.
Posted by Timeoday
Easter Island
Member since Aug 2020
20531 posts
Posted on 2/20/26 at 12:05 pm to
Smart gamble for sure.
Posted by texag7
College Station
Member since Apr 2014
41111 posts
Posted on 2/20/26 at 12:07 pm to
quote:

These are often businesses facing cash flow issues due to the tariffs and willing to sell claims for quick liquidity.


According to who?
Posted by SallysHuman
Lady Palmetto Bug
Member since Jan 2025
18041 posts
Posted on 2/20/26 at 12:08 pm to
I don't get it... EILIA5?
Posted by GumboPot
Member since Mar 2009
140024 posts
Posted on 2/20/26 at 12:10 pm to
I can't blame Cantor Fitzgerald (with obvious direct contact with the White House). This was not an illegal play. It was an opportunity on tariff refunds.

They, CF took the risk if the SCOTUS ruled with Trump and would have lost 2-3 cents on the dollar.

The only issue is insider knowledge that they knew the risk was a lot lower than public knowledge.
Posted by GumboPot
Member since Mar 2009
140024 posts
Posted on 2/20/26 at 12:15 pm to
quote:

I don't get it... EILIA5?


You are a Chinese company.

You sell 100 million to the U.S.

You are charged 10% tariffs.

You send your 10 million dollar tax bill to U.S. customs.

Cantor Fitzgerald approaches you and says, "we will pay you 3 million right now for rights to any future tariff refunds you have paid".

You say, "great, I'll take the 3 million right now".

Fast forward to today. SCOTUS rules the tariffs are illegal and you deserve a refund.

But, you now do not own the rights to the refund. Cantor Fitzgerald owns the rights to the refund.

The 10 million dollar refund gets sent to Cantor Fitzgerad.

Profit 7 million.


ETA: illegal? No. Unscrupulous? Probably.
This post was edited on 2/20/26 at 12:20 pm
Posted by SallysHuman
Lady Palmetto Bug
Member since Jan 2025
18041 posts
Posted on 2/20/26 at 12:20 pm to
quote:

GumboPot


Thank you. I get it now.

So... that's sounds very shady. Yikes!
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
81294 posts
Posted on 2/20/26 at 12:24 pm to
quote:

(Cantor Fitzgerald


Looks like they offered financial product that many found valuable and helpful. The millions they paid helped the bottom line of companies who sold those rights and in return Cantor took on the risk and it worked out for them.
Posted by GumboPot
Member since Mar 2009
140024 posts
Posted on 2/20/26 at 12:29 pm to
quote:

Looks like they offered financial product that many found valuable and helpful. The millions they paid helped the bottom line of companies who sold those rights and in return Cantor took on the risk and it worked out for them.


In a vacuum I don't think I would be buying those rights for 20-30 cents on the dollar.

But if I had insider knowledge of how things would shake out that I learned at Friday afternoon cocktail party, yeah my risk assessment would justify 20-30 cents on the dollar price.
Posted by Taxing Authority
Houston
Member since Feb 2010
62919 posts
Posted on 2/20/26 at 12:31 pm to
quote:

Looks like they offered financial product that many found valuable and helpful.
Why would companies need the help? I was told chi-nah pays the tariffs.
Posted by idlewatcher
Planet Arium
Member since Jan 2012
94893 posts
Posted on 2/20/26 at 12:33 pm to
quote:

Smart gamble for sure.



bs
Posted by GumboPot
Member since Mar 2009
140024 posts
Posted on 2/20/26 at 12:36 pm to
quote:

Smart gamble for sure.


Only looks smart because while you were sitting next to them at the table, unbeknownst to you they were counting cards while you were not. That is, they had a fuller picture of the risk.

Looks like a big gamble to you.

Looks like as sure thing to them.
Posted by BigPerm30
Member since Aug 2011
31530 posts
Posted on 2/20/26 at 12:40 pm to
Lutnick is my least favorite cabinet member. He’s a sleaze ball and I don’t believe his Epstein story.
Posted by RohanGonzales
Member since Apr 2024
9129 posts
Posted on 2/20/26 at 12:44 pm to
quote:


Lutnick is my least favorite cabinet member. He’s a sleaze ball and I don’t believe his Epstein story.


not in everything he does

His treatment of his employees after 9/11 was heroic.
Posted by SallysHuman
Lady Palmetto Bug
Member since Jan 2025
18041 posts
Posted on 2/20/26 at 12:47 pm to
quote:

Lutnick is my least favorite cabinet member. He’s a sleaze ball and I don’t believe his Epstein story.


Didn’t he fundraise for Hillary? Pretty sure I saw that recently.
Posted by dalefla
Central FL
Member since Jul 2024
3833 posts
Posted on 2/20/26 at 12:48 pm to
quote:

Smart gamble for sure.


Not gambling when you know what cards are coming next.
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
81294 posts
Posted on 2/20/26 at 12:57 pm to
quote:

I was told chi-nah pays the tariffs.


That's a sales technique. I have understood and maintained that the payment ultimately come from consumers and I have also maintained that a consumption tax is far more preferable to an income tax.

That's not to say that tariffs have zero cost to other countries, it does, but it's in the form of lost sales not in expenditures.
Posted by CaneyLake
Member since Jun 2023
858 posts
Posted on 2/20/26 at 12:57 pm to
He always seemed like a slimy piece of shite, at least we have confirmation now.
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