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Lutnick Pushed to Weaken Chip Rules That Overlap with His Family Business

35 points JumpCrisscross 2 hours ago 6 comments

sokoloff 33 minutes ago | parent

NYT Headline, 40pt, 700 weight:

> Lutnick Pushed to Weaken Chip Rules That Overlap With His Family Business

Buried well below the fold and below two ads, 20pt, 400 weight:

> These dealings are just a tiny portion of Cantor’s business, which stretches from investment banking and trading to real estate. Other investment banks have similar partnerships, and there is no evidence that Cantor’s investments influenced Mr. Lutnick’s deliberations.

Overlap? These interests are barely even tangent.

I feel like NYT's standards used to be higher than that...

brookst 12 minutes ago | parent

Corruption is corruption. The fact that he was “only” setting policy to benefit a small portion of his portfolio is not a mitigating factor.

Remember when politicians used to put assets in blind trusts and divest investments that could create even the perception of conflicts of interest?

It’s not the NYT’s standards that have fallen, it’s the American populace’s. “The oligarch billionaire probably only benefitted to the tune of tens of millions” is damning.

cyanydeez 8 minutes ago | parent

I bet if you examine those other businesses, they too would "overlap" with his positions.

But you know, cherry pick what you dont want to hear.

_dark_matter_ 10 minutes ago | parent

Hardly a surprise - the trump administration corruption is well documented. This period is a black eye on every American, and is the opposite of laissez-faire capitalism. Instead of the best succeeding, those who can pander and make connections win (or in this case, be literally family members with a powerful person).

I hope we can move past this with the next admin, and continue to give the upper hand to businesses that want to succeed fairly in the USA.