Billionaire Bill Ackman: The U.S. Treasury Secretary is indifferent to the stock market and economic collapse because he is long on bonds
Billionaire and founder and CEO of Pershing Square Capital Management, Bill Ackman, posted on the X platform saying, "I just figured out why U.S. Treasury Secretary Howard Lutnick doesn't care about stock market and economic crashes. He's long on bonds with Cantor Company. When our economy collapses, he profits. Choosing someone who holds a large amount of fixed-income bonds in a company as Commerce Secretary is a bad idea. There exists an irreconcilable conflict of interest."
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