Author Topic: Commerce Secretary Wilbur Ross Shorted Stock as Negative Coverage Loomed.  (Read 2984 times)



Liberty

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Isn't it great to have a commerce secretary with large stock holdings who's actively shorting things while in office?

https://www.cnbc.com/2018/07/02/wilbur-ross-shorted-two-additional-shares-as-commerce-secretary.html
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Parsad

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Isn't it great to have a commerce secretary with large stock holdings who's actively shorting things while in office?

https://www.cnbc.com/2018/07/02/wilbur-ross-shorted-two-additional-shares-as-commerce-secretary.html

He was shorting to maintain a neutral position on attained stock that was issued to him (probably stock reinvestment dividends)...he incurred zero profits or losses. 

I would prefer if Ross put everything into a blind trust, but this is probably the best we could hope for when the President not only doesn't put his business operations in a blind trust, but continues to manage them while in office.  Truly a conflict of interest, but the ass doesn't care what he does or how it looks.  Cheers! 
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Liberty

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https://www.forbes.com/sites/danalexander/2018/08/06/new-details-about-wilbur-rosss-businesses-point-to-pattern-of-grifting/

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Over several months, in speaking with 21 people who know Ross, Forbes uncovered a pattern: Many of those who worked directly with him claim that Ross wrongly siphoned or outright stole a few million here and a few million there, huge amounts for most but not necessarily for the commerce secretary. At least if you consider them individually. But all told, these allegations—which sparked lawsuits, reimbursements and an SEC fine—come to more than $120 million. If even half of the accusations are legitimate, the current United States secretary of commerce could rank among the biggest grifters in American history.
"Most haystacks don't even have a needle." |  I'm on Twitter  | The importance of saying 'oops'

Spekulatius

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https://www.forbes.com/sites/danalexander/2018/08/06/new-details-about-wilbur-rosss-businesses-point-to-pattern-of-grifting/

Quote
Over several months, in speaking with 21 people who know Ross, Forbes uncovered a pattern: Many of those who worked directly with him claim that Ross wrongly siphoned or outright stole a few million here and a few million there, huge amounts for most but not necessarily for the commerce secretary. At least if you consider them individually. But all told, these allegations—which sparked lawsuits, reimbursements and an SEC fine—come to more than $120 million. If even half of the accusations are legitimate, the current United States secretary of commerce could rank among the biggest grifters in American history.

I don’t think we have ever seen a president surrounding himself with so many crooks and lowlifes ever- Manafort, Ross, Nunberg , Scaramucci, Pruitt etc. Feels like a banana republic to me. Surreal.
To be a realist, one has to believe in miracles.

bookie71

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It's Obama's and Crooked Hillary's fault!
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cubsfan

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https://www.forbes.com/sites/danalexander/2018/08/06/new-details-about-wilbur-rosss-businesses-point-to-pattern-of-grifting/

Quote
Over several months, in speaking with 21 people who know Ross, Forbes uncovered a pattern: Many of those who worked directly with him claim that Ross wrongly siphoned or outright stole a few million here and a few million there, huge amounts for most but not necessarily for the commerce secretary. At least if you consider them individually. But all told, these allegations—which sparked lawsuits, reimbursements and an SEC fine—come to more than $120 million. If even half of the accusations are legitimate, the current United States secretary of commerce could rank among the biggest grifters in American history.

I don’t think we have ever seen a president surrounding himself with so many crooks and lowlifes ever- Manafort, Ross, Nunberg , Scaramucci, Pruitt etc. Feels like a banana republic to me. Surreal.

Yea, except for Obama - Hillary, Rosenstien, Comey, Brennan, Clapper, Susan Rice, Reverend Wright, etc, etc.....

Spekulatius

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https://www.forbes.com/sites/danalexander/2018/08/06/new-details-about-wilbur-rosss-businesses-point-to-pattern-of-grifting/

Quote
Over several months, in speaking with 21 people who know Ross, Forbes uncovered a pattern: Many of those who worked directly with him claim that Ross wrongly siphoned or outright stole a few million here and a few million there, huge amounts for most but not necessarily for the commerce secretary. At least if you consider them individually. But all told, these allegations—which sparked lawsuits, reimbursements and an SEC fine—come to more than $120 million. If even half of the accusations are legitimate, the current United States secretary of commerce could rank among the biggest grifters in American history.

I don’t think we have ever seen a president surrounding himself with so many crooks and lowlifes ever- Manafort, Ross, Nunberg , Scaramucci, Pruitt etc. Feels like a banana republic to me. Surreal.


Yea, except for Obama - Hillary, Rosenstien, Comey, Brennan, Clapper, Susan Rice, Reverend Wright, etc, etc.....

Why exactly is Susan Rice for example a crook?  Reverend Wright was quickly sacked and never part of the government or even campaign in any way. Not the nicest fellow in my book, I agree on that.
To be a realist, one has to believe in miracles.

cubsfan

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https://www.forbes.com/sites/danalexander/2018/08/06/new-details-about-wilbur-rosss-businesses-point-to-pattern-of-grifting/

Quote
Over several months, in speaking with 21 people who know Ross, Forbes uncovered a pattern: Many of those who worked directly with him claim that Ross wrongly siphoned or outright stole a few million here and a few million there, huge amounts for most but not necessarily for the commerce secretary. At least if you consider them individually. But all told, these allegations—which sparked lawsuits, reimbursements and an SEC fine—come to more than $120 million. If even half of the accusations are legitimate, the current United States secretary of commerce could rank among the biggest grifters in American history.

I don’t think we have ever seen a president surrounding himself with so many crooks and lowlifes ever- Manafort, Ross, Nunberg , Scaramucci, Pruitt etc. Feels like a banana republic to me. Surreal.


Yea, except for Obama - Hillary, Rosenstien, Comey, Brennan, Clapper, Susan Rice, Reverend Wright, etc, etc.....

Why exactly is Susan Rice for example a crook?  Reverend Wright was quickly sacked and never part of the government or even campaign in any way. Not the nicest fellow in my book, I agree on that.

Susan Rice - ok, you got me there. She's not a crook, but she's the worst kind of liar and sleaze in the Obama administration.

4 American heroes died in Benghazi - but she engineered the coverup with the phony video story. It was a spontaneous attack fueled by that damn video! - because the Arab world loves President Obama - how could it have been anything else?? Of course it was not a planned terrorist attack?  She dishonored those 4 heroes for political gain - pure and simple. It cost her the Secretary of State job.



Liberty

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We've reached the Marie-Antoinette phase:

Quote
"I don't quite understand why" federal workers are needing to go to food banks, says Secretary Wilbur Ross on CNBC.
"Most haystacks don't even have a needle." |  I'm on Twitter  | The importance of saying 'oops'