Did you know that Steinway’s owner is backing Donald Trump?
mainThe 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.
UPDATE: Steinway boss disappears
Why does nowadays only the unreadable happen?
Words cannot adequately express my dismay.
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………………..
Quite a few people back Trump, that’s why he’s the Republican candidate.
Quite a few people also happen to be unforgivably uneducated.
Are we now outing people for their political views?
The age of McCarthyism reigns.
Exactly what I was thinking!
When haven’t we?