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This is a real below the belt cheap shot by @BillAckman against @howardlutnick . Bill, you got the motivations for Lutnick’s views totally wrong. You just accused him of self interest - profiting from low bond yields - when what drives Howard - as well as Trump, Navarro, Greer, Miller, Lighthizer who still has the full ear of Trump, etc - is pure protectionist ideology: they truly believe they need to totally destroy China forever to reshore manufacturing to the US as “China screwed us for 40 years” So you are clueless on what is driving these religious tariff zealots. And you think that they may listen to you as you pontificate from your billionaire elite bully pulpit. But they don’t care an iota about what you think and say as, in spite of your zealot Trumpism, you are a greedy NYC Wall Street activist billionaire - who made billions even from the Covid market meltdown - who now has to suffer as the American blue collars have been “shafted by folks like you” for decades! That is the way they truly think and their true motivation and you are clueless about it . So you have no game with them !

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I just figured out why @howardlutnick is indifferent to the stock market and the economy crashing. He and Cantor are long bonds. He profits when our economy implodes. It’s a bad idea to pick a Secretary of Commerce whose firm is levered long fixed income. It’s an irreconcilable conflict of interest.

BillAckman ↗
Library as of 2026-10-21