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Investor Carl Icahn backs Donald Trump, warns of 'Danger Ahead'

By Doug G. Ware
Republican Donald Trump speaks at a press conference at Trump Tower in New York City, Monday, Sept. 28, 2015, where the magnate talked about his ideas for tax reform. Photo by John Angelillo/UPI
Republican Donald Trump speaks at a press conference at Trump Tower in New York City, Monday, Sept. 28, 2015, where the magnate talked about his ideas for tax reform. Photo by John Angelillo/UPI | License Photo

NEW YORK, Sept. 28 (UPI) -- Billionaire investor Carl Icahn has indicated that he's backing fellow billionaire Donald Trump for president, saying he believes the real estate mogul is the best of the Republican options.

"I would say it's an endorsement. I think at this moment in time, he's the only candidate that speaks out about the country's problems," Icahn told Bloomberg Politics.

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The 79-year-old businessman said there are certain issues on which he disagrees with Trump, who released a position paper on tax reform Monday, but by and large believes the brazen GOP frontrunner best exemplifies the type of leader he wants in the White House.

"I'm behind Trump. I disagree on certain points I don't want to get into, I'm sure those can be worked out, but the basic thing is, you need somebody that can get things going in Congress, and I think he can do it," Icahn said. "You need somebody that understands business, and I think he understands it."

Also, Icahn plans to deliver a video titled "Danger Ahead" on his website at one minute past midnight Tuesday. In a preview video, the investor talks about his fear of looming market troubles and their potential consequences.

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"I love this country and I feel so strongly about the dysfunction that is going on, both in Washington and in the board rooms of corporate America," he said in the preview video.

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