I did nothing wrong, except build a successful and very liquid company, owning some of the Greatest Properties in the World, and defeat Hillary Rodham Clinton and the Democrats in the 2016 Presidential Election, an Election which a Republican was not expected to win. I am now the Presumptive Republican Nominee, and likewise, dominating Joe Biden, the Democrat Nominee, in the Polls. This is a Weaponized Attack on Joe Biden’s Political Opponent, unlike anything that has happened in the History of the United States. This is a Political Witch Hunt, and will lead to the destruction of New York State, with businesses and people fleeing by the thousands, while criminals continue to roam the streets. We will continue to appeal until Justice prevails!
February 29, 2024
The destruction of New York State.
Trump on Truth Social last night:
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Whine about Trump if you need it to get through your morning but yes, there are consequences for abandoning rule of law. We see clients making different investments in the last few years. More FL, MT, UT…overseas. France is apparently popular again…
Not to worry New York, the weasels will find tax dollars to keep you afloat.
99% true. My only correction would be to substitute "United States" for "New York State".
There have been many suggestions that businesses will flee the state as a result of its treatment of Mr. Trump and the fear that it could happen to them. I don't see it happening, at least not for that reason. The will to believe "It won't happen to me" - or, more precisely, "It doesn't apply to me" - is too strong to overcome.
“New York is a mega loser state” - Kevin O’Leary (Mr Wonderful from Shark Tank)
Trump gets that interpreted as a call to “insurrection”.
He’s not allowed to express himself the way he does.
Even though he’s been around longer than Dylan. Probably.
Violent crime is down, inflation is transitory and CO2 is poison.
Truth, Justice and the American Way, RIP.
I agree with mongo to a certain degree. Businesses won't flee NY as a result of the Trump mistreatment. That's just one of the myriad of reasons to leave this dysfunctional state. The list is endless.
Would it be double jeopardy if he misrepresented the value of his properties pledged as collateral in order to secure bond? Because that would be hilarious.
Back when I was working for a big international company we called it country risk or sometimes political risk. It definitely factors into every decision a company makes in terms of whether it stays or expands in a particular area. I remember a particular acquisition in France we passed on because of their labor laws. We didn’t trust the French government. Now it’s even worse.
The funny part is that several years later we were acquired by a German company that wanted to reduce its footprint in Germany. That trend continues. They didn’t trust their own country.
Capital goes where it is treated best. New York is already experiencing massive outbound flight. They’ve already lost almost $1 trillion in asset management companies. Crime, high costs and a generally unfavorable business climate are all factors. An unreliable and oppressive legal system isn’t going to make things better.
This is 2 weeks old but I just saw it this morning
Feb 15 (Reuters) - The U.S. Securities and Exchange Commission allowed Donald Trump's media and technology company to merge with a blank-check acquisition vehicle in a deal that currently values the parent of his social media app Truth Social at as much as $10 billion.
Apparently our president emeritus end will be about $3 billion.
I'll probably buy in. He's got my back, I should have his. I also send him cash at MarALago. Not as a campaign contribution but as a gift.
It's the least I can do.
John Henry
Possibly, Mongo.
But Leticia James is now going after beef companies for lying about global whatsit.
Who's next?
John Henry
There’s a lot of law-breaking in NYC right now. That involving the Trump persecution is the cherry on top. Or maybe it’s the straw on the camel’s back. Let’s hope so.
P. T. Barnum, L. Ron Hubbard and Jimmy Swaggart are all smiling 😁 while Joel Osteen is suffering self doubt about his relatively weak powers of persuasion.
Blogger John henry said...
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I'll probably buy in. He's got my back, I should have his. I also send him cash at MarALago. Not as a campaign contribution but as a gift.
It's the least I can do.
I don't like Trump even a little bit, but the Democrats have turned into the monster they claim he is. Again, we are a deeply unserious people.
The will to believe "It won't happen to me" - or, more precisely, "It doesn't apply to me" - is too strong to overcome.
@mongo, that’s what the Democrats in New York are betting on. Is it a good bet? Capital is fungible. 150 years ago it was very useful to have the money men physically colocated, but is that true today?
"Money goes where it is best treated." So long New York.
Rich said...
"Would it be double jeopardy if he misrepresented the value of his properties pledged as collateral in order to secure bond? Because that would be hilarious."
Either stop being stupid or go away.
Big Mike
When the mayor of Chicago,(I forget which one), proposed a tax of 10$ on every trade of the Options Exchange the director of the exchange informed the mayor that the location of the exchange was a courtesy to tradition. He informed the mayor that it would only take a week for the exchange to relocate to another city. The tax idea was dropped.
It's the new domestic "rules based order."
Like yesterday: Yesterday, Hunter admitted to criminal extortion, but said he was drunk at the time as if that exonerates criminal acts.
The $5M flowed thru Biden LLC cut-outs, ultimately $40K to Joe, which he said was a loan pay back. But he won't provide any loan docs.
This will lead to nothing. And they will use their refusal to prosecute as evidence that there was never any evidence of corruption. This is Alice in Wonderland stuff.
Trump would be having no trouble with his appeal bond if his company were actually “very liquid.” Still waiting for him to sell one of his “Mona Lisa” properties for way more than he valued it at.
Remember about 50 years ago when NYC was bankrupt? Then they elected a Republican mayor and enjoyed a golden age? Well, he was wrung through our "rules based order" legal system, and financially destroyed, and the Democrats have taken back control of the city, but I am sure that it could never happen again that NYC goes bankrupt.
The plan is to get all of these illegals voting, and then NYC can count on the Federal Government to bail them out indefinitely.
Tangentially related, I seem to remember that prior to the 2020 census it was all the rage to project that in a decade or two California would elect something like a quarter of all the members of the US House of Representatives (currently slightly over 10%). This was based on straight line extrapolation of population trends.
Then it lost a seat in 2020, and now those projections look a little foolish.
Our tendency is to project that the future is going to look like the fairly recent past, and that is often wrong.
High-end property prices in Florida are going through the roof, and a lot of it has to do with affluent New Yorkers fleeing. And so is Wall Street itself
https://www.forbes.com/sites/jackkelly/2021/01/06/florida-is-fast-becoming-the-second-home-for-wall-street/
It's the same old saw "Forget about those golden eggs, today we are eating goose!"
Rich. Lenders do not give one shit about what a borrower claims for asset values. They do what is known as due diligence. They have full staffs devoted to underwriting a loan request. They size the loan based on that underwriting as a percentage of the value they determine. When the loan is non recourse they are especially careful because they want timely interest payments and the principal at maturity. Only the very unsophisticated renters of the world have no idea of real estate finance in general or high end commercial real estate in particular. Only an idiot thinks the banks rely on the borrowers word For anything.
Trump is entirely correct in this.
Well if NYC does go bankrupt then obviously the response is the classic Elon Musk response, GFY.
"I'll probably buy in. He's got my back, I should have his. I also send him cash at MarALago. Not as a campaign contribution but as a gift.
It's the least I can do.
John Henry"
I am interested, I also send him money, the last bit was to his gofundme for this specific witch hunt. Will it be listed under truth social?
Esteban@7:12 "I don't like Trump even a little bit" Oh go fuck yourself you smug, little bitch. Who the fuck are you, you fucking nothing! Oh look, everyone, this rando zero on the internet wants everyone to know that he is morally superior to Donald Trump... Fuck off.
Looking forward to it.
Macys just left down down San Francisco. following the leads of other major dept stores there.
yay leftists!
NY City hotels are stuffed with illegals. Paid for by tax payers. Biden gonna raise our taxes soon.
Just a happy coincidence that some of those hotels are owned by Iranians. weeee!
down down = downtown
more than he valued it at.
A few questions left bank chuck: Do you think property values are static? That is, whatever Trump might have valued something years ago, it is exactly that same price now? Perhaps, you don't, since you say "more". Are you then suggesting that property value has risen since Trump valued it and that Trump valued it too low?
Let us know your thoughts, because they seem to suggest you think Trump was screwed by undervaluing his property.
Is that a variation on the "living well is the best revenge"
Pedjt would never have started Truth if he'd been left alone on Twitter.
Booting him not only spoiled Twitter for all the progs/fascists, it looks like it will significantly increase the orange man bad's net worth. Doubling it maybe?
Works for me!
Karma is a bitch
John Henry
Republicans are missing a trick where we should go after culturally conservative Muslims and Hispanics, it's a truism that it's a lot easier to go left on economics than it is to go right on culture, and culture is more important, to me anyway, and "free-market economics" in this age of Google and Apple controlling every piece of information about our lives and enjoying a huge tax on the economy, has not worked out as promised either.
@Rusty 07:19:""Money goes where it is best treated." So long New York."
That's what I was thinking. NYC at one time could reasonably call itself the center of the Investment world. Those days are gone, but what are S&P and Fitch going to do when they start factoring in New York's version of the Rule of Law into corporate credit ratings, including their own? Companies have strict internal policies on Risk Assessment and Business Continuity. They can't ignore what is happening, as a matter of fiduciary responsibility.
More "rules based order" law:
Sam Patten, indicted by Mueller as a "foreign agent," slammed DOJ for declining "to charge the First Son [Hunter] with violating the Foreign Agent Registration Act despite abundant evidence of his efforts to flack for Chinese,Ukrainian,Russian,Romanian & Kazakhstani figures"
I'm a biotech exec who lives an hour outside of the city. Just yesterday, I cancelled plans to head to Manhattan for a reception next week that I would have attended eagerly a few years ago.
I'm finding more and more that unless an event seems particularly promising, going to NYC just isn't worth the schlep any more.
Truth. U-Haul doesn't lie.
I stopped going to New York city when Cuomo told us we didn't belong there. I hope they enjoy what Progressives have done to ruin a beautiful city. Enjoy your illegals. I enjoy watching it all fall down.
https://nypost.com/2014/01/18/gov-cuomo-to-conservatives-leave-ny/
tim in vermont said...
Republicans are missing a trick where we should go after culturally conservative Muslims and Hispanics,
Culturally conservative muslims are a danger to everyone around them. Culturally conservative Hispanics, unless they're muslim Hispanics, aren't,
Am I biased against muslims? Yes. Do I have islamophobia? No. Phobia is an irrational fear.
He may be wrong about the destruction of New York. Useful idiots are tenacious. Look at California and Oregon.
He is right about the rest.
"Only the very unsophisticated renters of the world have no idea of real estate finance in general or high end commercial real estate in particular. Only an idiot thinks the banks rely on the borrowers word For anything."
Unsophisticated? Idiot? You're talking about people who have selected someone for punishment and are casting about in search of a crime with which he can be charged, and a venue in which to charge him where evidence and rule of law is irrelevant. You're talking about garbage people. You know... Democrats.
Only an idiot thinks the banks rely on the borrowers word For anything.
Exactly, but they do rely on access to "whales" like Trump and when the whales all migrate south, like the hedge fund guys have, the banks will follow and NYC will have succeeded in recreating California on the East Coast: the titled and the serfs and no middle class. Enjoy the decline, it only starts off slowly.
Political risk was (and still is) a real issue for companies contemplating an international investment. Been there and done that as counsel in an international oil company.
Regulatory risk has been an issue for decades now on domestic investment and plant location. I've spent my working life in Southern California. I've watched a lot of corporate headquarters move out of California. Smaller and intermediate sized companies have fled the state because the regulatory burden makes business life difficult here.
But political risk --with state Attorney's General going aggressively after people and businesses they just don't like--is something new. And it's destructive.
He's not wrong.
They're cooking the golden goose.
Entrepreneurs will flee if they can.
Kevin O'Leary is no right-winger, and he says New York is a 'loser state' and he won't do business there...
Letitia James. Fani Willis.
"Smaller and intermediate sized companies have fled the state because the regulatory burden makes business life difficult here."
Born and raised in SoCal, I've been laid off more than once when the company I worked for decided to flee to locations north or east. Eventually, I did the same myself. My last trip back for a visit was ten years ago and nothing I saw at that time was an encouragement to repeat the experience anytime soon.
An amusing quantity of my wealthy acquaintances in California have moved, or are looking to. To Florida, or Nevada (Incline at Tahoe). Texas is usually on their list, too.
John Henry, you're just giving them a headache to deal with.
Your person "gift" counts as a campaign contribution and must be processed and recorded as such. It's likely simpler and cheaper for them if they don't have to account for your attempt to beat the system.
Only an idiot thinks the banks rely on the borrowers word For anything.
You're wasting your time. He's been told this over and over and over. It makes no difference.
He's not wrong.
The same DA that is prosecuting Trump is now suing a meat packing company for... packing meat. And not that the meat is defective in some way, but because they are engaging in "fraud" due to not properly advertising the negative impact beef is having on global warming or climate change or whatever name they are using these days.
This is an aggressively hostile business environment. You would have to be a fool to invest your money there.
It appears NYS has fallen into the trap.
They are committing financial suicide in their zeal to "get" Trump. They are driving all sources of business and revenue away.
They will deserve the economic whirlpool they have navigated themselves into.
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