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To: fatima

I did. And I went to his profile. He is CEO of Pershing Square, a hedge fund. One of many hedge funds that exist in this world.

https://en.wikipedia.org/wiki/Pershing_Square_Capital_Management

In March 2020, Pershing Square made $2.6bn (£2.2bn) betting that there would be a market crash.[28]

In November 2020, Pershing Square took a position against corporate credit.[29][30]

In April 2022, Pershing Square lost in excess of $430mn on Netflix after a three month long bet.[31]

A lot of smart people could see a market crash was coming in 2020.

Bill Ackman

https://en.wikipedia.org/wiki/Bill_Ackman

“Ackman was raised in Chappaqua, New York, the son of Ronnie I. (née Posner) and Lawrence David Ackman, the former chairman of a New York real estate financing firm, Ackman-Ziff Real Estate Group.[10][11][12] He is of Ashkenazi Jewish descent.[13][14][15]”

Chappaqua. Strike one.

“On March 18, 2020, in an emotional interview with CNBC, Ackman called upon President Trump for a “30-day shutdown” of the American economy to slow the spread of coronavirus and minimize loss of life and ensuing economic destruction resulting from the shutdown.[58] Ackman warned that without intervention, hotel stocks were “going to zero” and said that America could “end as we know it.” He also cautioned U.S. companies to stop stock buyback programs because “hell is coming.”[59]”


1,134 posted on 03/11/2023 5:22:16 PM PST by CheshireTheCat ("Forgetting pain is convenient.Remembering it agonizing.But recovering truth is worth the suffering")
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To: fatima

BREAKING: Lines forming in the rain outside bank branch in Los Angeles https://twitter.com/dannydeurbina/status/1634692950213943300?t=fx53xF8913iprPCIzZP6Dw&s=19


1,149 posted on 03/11/2023 5:58:30 PM PST by fatima (Free Hugs Today :))
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