This is not new. But at least I have not heard any of these points connected. I was not aware of points. A friend reported to me during the weekend that he heard about Wall Stars to purchase the rights of tariffs recovered by older companies importers. So the idea is that the Wall Street is going to a importer and says, it has now paid $ 10 million in definitions. I will now pay you two million dollars for the right to collect recovery if the courts that decide that the tariff tariffs are illegal. My friend also heard that one of the most aggressive buyers was Kantor Fitzgerald, the company until recently headed by the Minister of Trade Howard Lottenic and is now by the sons of Lootnick. Brandon Lootnick, the above on the left in the form of twenty, is currently head of Cantor Fitzgerland. (He must be talented!)
A curse, I thought: This is a hot, twisted story because today is long. But I am not sure how to track it or track it without the sources of a better financing world. However, some Googling was worth fast. It turns out He is The role of Canor is already. I informed WIRED and others this more than a month ago.
In mid -July, according to Wire, Cantor was buying rights to recover your potential tariffs between 20 and 30 cents per dollar. It goes without saying, I bet Price rose a lot since the Federal Appeal Court endorsed last Friday the ruling of the minimum that all Trump tariffs are illegal. So from a paper side, Cantor may have already made a lot of money.
Now, before going further, I want to clarify that In itself This deal is somewhat noticeable. There is a great deal of modern funding that revolves around the bets on unconfirmed results, the bets that can be organized in various ways. The future elements of the commodity may be. In this case, it has the right to collect a recovery that may never happen. Selling debt – an advantage everywhere for modern financing – similar. Buying debt, whether it is a government bond or your mortgage, is basically a bet on the possibility of payment. I do not want to deal with this point, just to explain that the transaction in the concept is not strange or suspicious, at least more than any other part of modern financing.
All that has been said, it is difficult to imagine anything more symbolized for Trump’s era more than for all the intentions and purposes that the Minister of Commerce is still (Yes, yes, the length of the arms is hand on its twenty children) Make bets on something Lottenic itself has a great impact. In fact, much more important than any influence on Lootnick on the customs tariff policy is that a great vision has the potential conclusion of the bet.
Lootnick cannot be sure of the judge’s minds more than Trump. But he will have a lot of clarity as government lawyers believe, and how they reside the possibility of their success, and what their arguments are. Moreover, given the tremendous corruption of the current Supreme Court, I would like to say that there are at least 50 % to 50 % of Trump’s shot and thus Lottenic will get signals from one or more judges on how the court ruling. In any way you look at this, it is corrupt like hell. On a more metaphorical level, it explains the heads in which tails won, as you lose the billionaire bases and the sub -braids they live.
What is unclear is the amount of these things that Boys Lutnick bought. In July, the US government achieved $ 29.6 billion of customs tariff revenues compared to $ 8.7 billion in July 2024. So this is more than $ 20 billion in illegal customs tariffs before many of them kick. The current market for recovery rights is already in tens of billions and can reach hundreds of billions at the end of the year. According to Wire, Cantor said in July that “the ability to buy rights for hundreds of millions of dollars” from the amounts of customs tariffs. So the amounts we are talking about, whether in danger or in possible surprises, are very large.
In mid -July, Kanur Kanur buys about 25 % of the nominal value of the recovered amounts. Just look at the logic of the situation, I will be shocked if you cannot sell that day by 50 % of the nominal value and perhaps more largely. The first court decision and the appeal decision on Friday (definition cases have a group of its courts) has gone decisively against the White House and the legitimacy of definitions. In any decision of the ordinary universe, Scotos’s decision will be everything except a And woe. The only thing that weighs in favor of the White House is the tendency of Scotos to give Trump almost everything he wants. But even in this flowing schedule, the chances of these definitions do not look great. If Cantor is able to purchase a lot of customs tariff recovery rights at 20 or 30 cents per dollar, the bonus may be wide.
It is good to be the king, or even the king of the king.