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Mr. Sparkle

(2,915 posts)
Wed May 24, 2017, 08:55 AM May 2017

Carl Icahn Guides Trumps Policy and Scores $60 Million

Source: Bloomberg

Government work has paid off handsomely for billionaire Carl Icahn. CVR Energy Inc., his oil refining company, saved about $60 million in the first quarter because of expectations that the federal government will ease a regulation involving renewable fuels, securities filings show.

It’s much more than a lucky break. As a “special regulatory adviser” to President Donald Trump, Icahn himself has been advocating the kind of relief that will benefit his company. Icahn’s cost savings show how the Trump administration has let officials’ outside business interests influence policy decisions. Richard Painter, a University of Minnesota Law School professor and White House ethics counsel under President George W. Bush, calls Icahn’s role “a clear conflict of interest.”

Even before the magnitude of Icahn’s gain was known, a group of U.S. Democratic lawmakers sent a letter to regulators urging them to investigate whether Icahn used his role as adviser to gain unfair trading advantages. Brandee Stephens, a spokeswoman for Sugar Land, Texas-based CVR declined to comment. Icahn didn’t return several messages left for comment.



Read more: https://www.bloomberg.com/news/articles/2017-05-24/icahn-reaps-60-million-windfall-as-trump-regulations-adviser

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Carl Icahn Guides Trumps Policy and Scores $60 Million (Original Post) Mr. Sparkle May 2017 OP
They are making sure BumRushDaShow May 2017 #1

BumRushDaShow

(127,297 posts)
1. They are making sure
Wed May 24, 2017, 08:59 AM
May 2017

the sheer quantity of illegalities is so large that they would be "too big to prosecute", because investigators would not even know where to begin.

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