Posted on 06/07/2024 6:45:27 AM PDT by SeekAndFind
We woke up today to a rather fascinating story. Dallas may have a new resident soon and I don't mean the NFL Chiefs coming back to their original location.
This is the story:
Capital giants BlackRock and Citadel are among the headline investors in a group that is seeking to bring a new national stock exchange to the Lone Star State.
James H Lee, Chairman and CEO of Texas Stock Exchange, says the group leading the project has already raised $120 million.
“With the demand we are seeing from investors and corporations for expanded alternatives to trade and list equities, this is an opportune time to build a major, national exchange in Texas,” Lee said via LinkedIn.
The Texas Stock Exchange is set to be headquartered in Dallas, a finance powerhouse in the state, and Lee said that the project already has more than two dozen investors.
Why Texas? That was my question when I heard it. It turns out that the people with money. or job creators, as my late father used to call them, like what we are doing here. Here is more:
Texas was chosen because of its blistering economic growth, and because of the economic growth of states surrounding it.
A release from TXSE also pointed out that Texas is home to more Fortune 500 companies than any other state and more than 5,200 private equity sponsored companies. In addition, there are more than 1,500 publicly traded companies throughout the southeast quadrant of the U.S. The new exchange is hoping to capitalize on the many companies that are preparing to access the public markets.
(Excerpt) Read more at americanthinker.com ...
So what’s New York going to say about all this? I don’t know, but maybe they can start by replacing “banana republic” judges and district attorneys targeting Trump rather than the criminals who roam the streets.
Even Liberals like to keep their own money..................
Just what we need, more “Wall Street” types here.
Texas will turn blue
But they'll all be wearing Stetsons!
I hope that is one of the main reasons and one of the main messages for this move. The Chicago Merh.Exchange has also been considering it’s options, especially now, with their Socialist mayor.
Wait until the Chicago Mercantile Exchange shows up next, the communists in Chicago have been putting the screws to the CME for years and have threatened to impose a transaction tax on all CME trades, something that the CEO of the CME has said would be the last straw and cause them to move.
The part liberals don’t understand is the CME, along with the NYSE and NASDAQ exchanges are electronic and could be moved in one weekend by simply switching the phone circuits and rerouting all the data traffic.
If you can’t beat it, buy it.
Why Texas?
Because it’s NOT New York City.
and they’re all under the control of the same...Entity.
no. because they want to control it.
Like Blackrock is all of a sudden a white hat?
Gonna be an uptick on western wear... lotsa all hat, no cattle stock brokers comin’ to town! Maybe this’ll lighten the yankee loadup down south near the beaches... y’all need to bulletproof your state constitution and circle the wagons around actual Texans running for any Gov’t positions.
Never “Trust” Larry Fink and hence that Blackrock.
Red Flag, ESG and the ChiCom Social Scoring System attached to it.
I’m happy to have a new business in Texas. I DO NOT Trust Larry Fink with anything. He is the enemy of free men.
How BlackRock Conquered the World (Sep 19, 2023)
https://www.corbettreport.com/blackrock/
Nothing good will come from this group of Leftists coming to Texas!
That is in case Texas secedes from the Union. Their original incorporation into the Union supposedly allows for that.
Florida could be similar if it got rid of its corporate tax and drilling bans.
$120 million is nothing but a side project for these people. Probably going to be used as a SPAC or somesuch.
Agreed. And we all should keep in mind that Blackrock was at the forefront of ESG investing. I’d hate to think they get a lot of influence in Texas.
RE: Florida could be similar if it got rid of its corporate tax and drilling bans.
Let’s start with drilling. What’s stopping Florida from lifting the ban?
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