Posted on 06/18/2024 8:42:53 PM PDT by SeekAndFind
Remember when New York's governor, Kathy Hochul oozily assured businessmen, some of whom were thinking of fleeing the state, that there was "nothing to worry about" regarding the state's lawfare targeting President Trump that could possibly affect other businessmen?
In February, The Guardian reported this:
The New York governor has told business owners in her state that there is “nothing to worry about” after Donald Trump was fined $355m and temporarily banned from engaging in commerce in the state when he lost his civil fraud trial on Friday.
In an interview on the New York radio show the Cats Roundtable with the supermarket billionaire John Catsimatidis, Kathy Hochul sought to quell fears in some quarters that the penalties handed to Trump for engaging in fraudulent business practices could chill the state’s commercial climate.
Asked if businesspeople should be worried that if prosecutors could “do that to the former president, they can do that to anybody”, Hochul said: “Law-abiding and rule-following New Yorkers who are businesspeople have nothing to worry about because they’re very different than Donald Trump and his behavior.”
The SEC has spent the past couple of years investigating Musk's purchase of Twitter — and the way he disclosed, and didn't disclose, the fact that he was buying up Twitter shares before buying it in 2022.
Now The Wall Street Journal suggests that the agency is getting closer to making a formal case, and floats the notion that it could cost Musk his role as the CEO of Tesla, as well as the chief technical officer at Twitter/X:
(Excerpt) Read more at americanthinker.com ...
The SEC hasn’t filed any enforcement action so far against Musk over his Twitter trading. If the SEC makes a formal complaint against Musk for fraud, regulators are likely to again ask a court to bar him from serving as an officer or director of a public company, former officials said, exposing him to the possibility of removal from Tesla.
Just as they tried to take away Trump’s right to do business in the state of New York, Biden’s SEC is trying to take away Musk’s right to lead his own companies if they are publicly traded. It doesn’t matter what the shareholders want. They want to deprive Tesla and other companies Musk serves as a top company officer for from his business, same as they tried for Trump.
Scary
Time to re-read “Atlas Shrugged” yet again.
This from the federal government that is 36 trillion in debt. But the real reason is, the Left will destroy anyone that challenges them. The Left is 100% Fascist.
The left cannot ceede power in an election given all their legal theories and vile application of law... and disorder. Over 160,000 DNC members should be in jail.
If you want to watch Atlas Shrugged in real life just watch the news from California
Not to quibble, but the SEC is an agency of the federal government, not New York State. Nevertheless, anyone who takes Kathy Hochul’s word that their business is safe from the kind of state level lawfare that was unleashed against Trump, is foolish.
We watched the movie recently. (It has 3 parts and can be rented on Amazon.)
There are disturbing similarities between the government portrayed in the film, and the Biden regime.
Bkmk
Post of the day!. And it’s early.
I’m the proverbial blind hog that gets an acorn every once in a while.
Musk already left one country that was hostile to his interests, he can do it again.
And this time he's much richer and so has more options.
Now this war should be called: The War on American Excellence
Perhaps X should ban all government employees, including Biden, from using X. It is all a ‘matter subject to investigation”, to use a Wray term.
EC
AND IF MUSK SHUTS DOWN TESLA?????
IT IS HIS COMPANY. HE CAN PAY THE OTHER STOCKHOLDERS & STILL HAVE PLENTY OF FU MONEY
WHEN WILL WE SEE WYATT’S TORCH???
WHEN WILL WE SEE JOHN GALT???
CORRECT
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