Are we in a Banana Republic? Full context in thread.

Secretary of Commerce (Howard  Lutnick) using the firm where he's CEO (Cantor Fitzgerald) to create a sham price target ($425) as well as go on Fox News the same day to tell audience to buy Tesla for a company in which a government worker own a majority share.

Not even going to mention the $1.4 BILLIONS ACCOUNT DISCREPENCY that the Financial Times published yesterday. https://www.ft.com/content/62df8d8d-31f2-445e-bfa2-c171ac43db6e 

Non-paywall link: https://archive.ph/2025.03.20-035200/https://www.ft.com/content/62df8d8…


 


 

36 Comments
 

Not gonna say anything other than seeing 11 MS on this comment is hilarious given how pro-Trump the forum was pre-election. Genuinely one of the quickest switch-ups I've ever seen

 

Thought Banana Republics meant we only have one product to export (i.e. bananas). While usually these countries are corrupt, I don't think our corruption labels us as a banana republic.

I was excited about the Trump office, but I think unbiasly it has revealed to be just as, if not more, corrupt than the "deep state" that the right has spoken about for years. The corruption is certainly more in your face than the "deep state".  

 
Incoming IB analyst222

Could not be more wrong.  The Biden family is unbelievably corrupt.  How are the Bidens Obamas and Clintons so rich?  They disgust me.  Trump doesn't need this life

 

This.

We had one opportunity for the anti-establishment after the ramifications of globalization. Would the movement be led by a lower-class, military hero (Andrew Jackson-esque)? Nope, you get a narcissistic billionaire. 

 
Most Helpful

Monaco Man

Thought Banana Republics meant we only have one product to export (i.e. bananas). While usually these countries are corrupt, I don't think our corruption labels us as a banana republic.

No, it's more a reference to a country in which there is a massively wealthy oligarchy which has more or less totally completed the process of state capture, e.g. corruption.  Usually it happens in monocrop export based economies, famously Central American ones which were more or less wholly owned by American fruit companies, hence "banana" republics.

I was excited about the Trump office, but I think unbiasly it has revealed to be just as, if not more, corrupt than the "deep state" that the right has spoken about for years. The corruption is certainly more in your face than the "deep state".  

That's because the "deep state" as presented is a myth.  Yeah, bureaucracy exists.  Yes, it's often inefficient and really bad at rooting out fraud and waste (though it's not like private enterprise is any good at it, either).  That doesn't make it corrupt.  Once you understand that Mr Trump and his allies think that corruption is "anyone who disagrees with me" the picture becomes clear.  And as we're seeing in front of our eyes, Mr Trump and his allies do not care about making government more efficient or effective - they simply want to purge their political enemies.  The entire reason fraud and waste has been difficult to address is because previous Administrations cared about things like the rule of law, the competency of the federal workforce, etc.

To paraphrase something I've heard somewhere: if you live in some sort of conservative fantasy world, as pretty much all Trump voters do, then of course reality has a liberal bias.  Republicans live in a world where endless migrant caravans are mere days away from overrunning the border, where Haitians are stealing and eating the pets of innocent families in middle America, where schools are installing litterboxes for their students to defecate in because they identify as cats.  No shit when you turn off Fox and walk outside and hear about how Mr Trump is allowing private individuals access to Social Security and the Treasury payments system you think "that's just liberal lies."

Of course Mr Trump is more corrupt than, well, basically any other President in history.  The man is literally selling access to himself by running the country from Mar A Lago!

 

Didn't answer a single thing. Joe Biden net worth is $10m, which is nothing for a senator and lawyer. Obama net worth is ~70m. Now answer the questions, anon monkey.

 

Are you acting like 84m is not a lot? He made 300k year as prez. Obama is a total hypocrite.  Bidens son made millions off his fathers status.  Lutnick has every right to say Tesla is a buy.  Crazy libs are burning teslas in the street.  What psychos.  Smh

 

VP in PE - LBOs

This type of redditposting should be an instant ban.

If the topic does not conform with your conservative echo chamber it is not suitable for WSO.  

 

I think there are a lot of things you could point to regarding corruption.

But to be honest, this is just the sellside being the sellside.

i.e slap on a price target and market the shit out of it.

 

What hes trying to tell you is trump is pump the living dog fuck out of fiscal (cut taxes for rich ppl) once DOGe is done eviscerating the govt, and that will in turn get tsla stock back to 430 ( ath)

 

The US has been a banana republic for a while now. 

(And that's not an "anti-Trump" or "pro-Trump" statement. Everyone sucks all of the time everywhere and have for years. Invest and trade accordingly.)

"And where we had thought to be alone we shall be with all the world"
 

We are at the point where it is acceptable for a POTUS to sell cars at the White House.  At least in the old days, corruption was behind the scenes.  Now it is public for everyone to see.

 

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