Posted on 02/17/2024 7:03:56 AM PST by Libloather
Legal experts analyzed what they called "breathtaking" civil penalties against former President Donald Trump, Donald Trump Jr., Eric Trump, former Trump Organization Comptroller Jeffrey McConney and ex-CFO Allen Weisselberg – warning other corporations based in the Empire State may realize they could suddenly be put out of business by the state on a political whim.
New York Supreme Court Judge Arthur Engoron found Trump liable for more than $350 million in damages in the fraud suit brought against him and his company by New York State Democratic District Attorney Letitia James.
Trump Sr., the Trump Revocable Trust and Trump Organization were found liable for $60 million, while Trump's sons and Weisselberg were found liable for $4.01 million each – and Trump Sr. plus several entities including the Trump Organization and the LLC signifying Trump's Chicago hotel were banned from applying for loans with institutions registered with New York for three years.
The three Trump family members were also banned from serving as executives of any business or legal entity based in New York for a similar length – which is key, as the Trump Organization is housed at its iconic tower at 5 Av and E. 57th Street.
In that regard, former Bush White House press secretary Ari Fleischer told Fox News the ban may spur Trump to relocate his entire business empire to Florida, just as he has his primary residence.
"If you're Eric [or] Donald Junior, what are you going to do?" he asked.
"[Y]ou just say goodbye to New York, which fits a pattern that many successful people have been doing and leaving New York because New York is just too political, too blue and too punitive – you're seeing that in the business community and among upper income New Yorkers already," he said – adding...
(Excerpt) Read more at foxnews.com ...
I like it.
William Bernstein-The Delusion of Crowds
“ People do not deploy the powerful human intellect to dispassionately analyze the world, but rather to rationalize how the facts conform to their emotionally derived preconceptions. Over the past several decades, psychologists have accumulated experimental data that dissect the human preference of rationalization over rationality. When presented with facts and data that contradict our deeply held beliefs, we generally do not reconsider and alter those beliefs appropriately. [Instead] we avoid contrary facts and data, and when we cannot avoid them, our erroneous assessments will occasionally even harden and, yet more amazingly, make us more likely to proselytize them.”
The 8th amendment ban on excessive fines has been incorporated against the states. A $300 million dollar fine when there is no victim is unconstitutional.
President Trump shouldn't even be forced to liquidate assets to post a bond, as that just exacerbates the already unconstitutional penalty. He should go straight to SCOTUS for relief.
-PJ
Kathy Hochul’s call for 5.4M Republicans to leave New York is dangerous and disgusting
Boycott New york
Trump should move what he can. But it is kind of hard to move a Hotel.
And there is Tiffany trump.
New York would find him guilty of a felony, of course.
They will also find him guilty of a felony if he DOESN'T do that.
They will also find him guilty of a felony if he quietly sits in a chair.
Nice hypothesis but appeals court just as corrupt as the first one
AND...
2014 (before Trump): Cuomo Says Conservatives ‘have No Place’ in New York
https://www.aei.org/politics-and-public-opinion/cuomo-says-conservatives-have-no-place-in-new-york/
Remington factory closure ignites debate over NY gun laws
It is not trivial to deal with all of the financial obligations to make such a move. Maybe over the course of several years,....
~~~~~~~~~~~~~~~~~
True... an immediate exodus isn’t possible and in fact would drive property so far down, it would go into negative territory. However, what this does mean is that the process of exodus has started and and the first step of that is ‘no new investment’ including upkeep/upgrade projects on the existing buildings/businesses/infrastructure etc. Dollars that would have been spent in New York will simply get invested elsewhere.
This is the quintessential slow-motion train wreck...
The Jerk Store called, and they’re not going to need any inventory for a few decades, ever since they got that shipment of New York government officials in.
More “only” going after Trump...
Pro-Palestinian group shares ‘reprehensible’ antisemitic map of NYC targets on social media
More only Trump and sons...
Anti-Israel protesters create commuter chaos at three NYC bridges, Holland Tunnel — over 330 taken into custody
Anti-Israel protesters create commuter chaos at three NYC bridges, Holland Tunnel — over 330 taken into custody
The elites who funded anti-Israel bridge and tunnel blockage ‘protest’ in NYC must be stopped!
https://nypost.com/2024/01/09/opinion/stop-elites-paying-for-anti-israel-brooklyn-bridge-protest/
Pro-Palestinian protest sponsors have raked in $9M in NYC taxpayer funds
https://nypost.com/2023/11/04/metro/pro-palestine-rally-sponsors-raked-in-9m-in-city-funds/
7,000 pro-Palestinian protesters take over Brooklyn Bridge, call for elimination of Jewish state: ‘By any means’
Many of the smart and productive will leave the socialist dominated blue areas; they won’t wait for things to deteriorate. They are successful because they were good at managing risks. The less savvy ones will be left behind.
Not unlike home owners who move out of communities, and employees who leave their companies, when they see unmistakable signs of deterioration. Why wait for things to get worse?
Why is he relocating to Florida? I thought he said Newsom was a better governor than DeSantis, so why not put your money where your mouth is and move to California?
SOOOOOOOOOOOO—IF I UNDERSTAND ALL OF THIS——JAMES IS PUNISHING THE BANKS, ALSO.
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