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Ethically Challenged Commerce Secretary Lutnick Tells National TV Audience to Buy Tesla Stock (www.commondreams.org)

submitted 1 month ago by [email protected] to c/[email protected]

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During a March 19 national television appearance, billionaire Trump Commerce Secretary and “close” Elon Musk associate, Howard Lutnick, urged the public to “buy Tesla” stock -- a glaring ethics violation in light of government watchdog Accountable.US’ new analysis finding that Lutnick’s family-run financial services firm Cantor Fitzgerald reported holding nearly $840 million in Tesla Inc. in its most recent holdings report. Conveniently, Lutnick’s appeal to would-be average investors came on the same day Cantor Fitzgerald analysts upgraded Tesla to a “buy” rating.

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[–] [email protected] 4 points 1 month ago

Worth noting that while fascism doesn't have its own unique economic system per se, it does have some common tendencies, including a mutually supportive relationship between the largest and most well-connected companies and the government, and a "revolving door" by which business leaders also hold government office and vice versa.