Did you know that Steinway’s owner is backing Donald Trump?

The piano manufacturer is owned by hedge funder John Paulson.

Ethan Iverson points out that Paulson is a longtime supporter of the Republican candidate. He is now serving as one of Trump’s economic advisors. Paulson made his fortune in 2007-8 by betting on a US housing market crash. That earned him $15 billion.

He bought Steinway in 2013.

Read on here.

steinway overturned

UPDATE: Steinway boss disappears

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  • As a Hedge Fund manager I am certain Mr Paulson is the frequent placer of bad bets as well as good. Steinway may or may not be a good bet financially, I think you get my drift that this political bet is going to be on the debit side of the balance sheet………………..

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