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Elon Musk: Why he wants Howard Lutnick as finance minister –

Elon Musk, an adviser to US President-elect Donald Trump, said today that Cantor Fitzgerald chief executive Howard Lutnick “will make a real difference” if he becomes US Treasury secretary.

Trump has not announced his nominee for the ministry, but Lutnick and investor Scott Bessett appear to be serious candidates for it.

Elon Musk said that Besant is a “business-as-usual” option.

“And the business-as-usual model is driving America into bankruptcy, so we need change one way or another,” Elon Musk told X.

“It would be interesting to hear more positions on this for Trump to consider all the advice.”

Who is Howard Lutnick of Cantor Fitzgerald

Howard Lutnick, American billionaire businessman, succeeded Bernard Gerald Cantor as the head of Cantor Fitzgerald.

Currently Chairman and CEO of Cantor and BGC Group, he has been at the helm of Cantor Fitzgerald for more than three decades, making him one of the most experienced leaders on Wall Street.

After losing 658 employees, including his brother, in the 9/11 attacks, Lutnick survived the subsequent collapse of the towers to the ground and has since become known for his philanthropic efforts through the Cantor Fitzgerald Relief Fund, which helps families of victims of attacks and natural disasters.

As of September 2018, he owns 60% of Cantor Fitzgerald, with a net worth of at least $1.5 billion. dollars.

Elon Musk, Trump and the Treasury Department

Earlier today (11/16), Donald Trump announced that he will appoint three of his lawyers to key positions in the same department.

Yates, a former congressman from Florida, is a staunch supporter of the US president-elect, but it is uncertain whether the Senate will approve his nomination. Among other things, the 42-year-old is accused of having sexual relations with a minor, while two years ago he played a catalytic role in the impeachment of the then Speaker of the House of Representatives, Kevin McCarthy.

Trump announced that three of his personal lawyers — Todd Blanche, Emil Bove and John Sauer — will take the second, third and fourth most important positions at the Justice Department.

Blanche and Bove defended the billionaire in the case involving payments to pornographic actress Stormy Daniels, for which Trump was convicted on May 30 by a New York state court – the first time a former US president has been convicted. .

Blanch, who is Trump’s defense attorney in two other federal cases, was tapped Thursday to serve as deputy attorney general. Emil Bov is expected to be third in the hierarchy of the ministry.

Finally, Sauer, who successfully argued before the Supreme Court the argument in favor of presidential immunity, will assume the fourth most important position in the Department of Justice and will represent the US government in the cases that reach the Supreme Court.

Todd Blanch «is an excellent lawyer who will become an important figure in the Department of Justice and fix a judicial system that has long been troubled,” Trump pointed out, while Emil Bove will be able to “eliminate corruption and criminality».

The reaction

Donald Trump “wants to instrumentalize the justice system to try to get revenge” on his Democratic opponents by making the Justice Department “his law office (staffed) with his own lawyers,” charged Democrat Dick Durbin, who headed the Judiciary Committee until January. Senate Affairs.

Source: ot.gr

#Elon #Musk #Howard #Lutnick #finance #minister

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