Posted on 02/21/2024 5:10:27 AM PST by JV3MRC
Shark Tank’s Kevin O’Leary — a.k.a. “Mr. Wonderful” — ripped CNN for pathetically attempting to justify a radical New York judge’s bonkers ruling against former President Donald Trump.
Leftist CNN anchor Laura Coates appeared giddy as she touted the $355 million fine New York Supreme court judge Arthur Engoron slapped on Trump for allegedly inflating his assets to lenders, despite nobody losing money. O’Leary argued during the Feb. 19 edition of Laura Coates Live that this was a “victimless crime” due to the fact that Trump did nothing that was outside of the typical haggling that goes on between real estate developers and banks across the country. Coates got perturbed, cut O’Leary off mid-sentence and listed the alleged financial crimes Trump was charged with. “I take it your point is that these should not have been prosecuted,” Coates responded. O’Leary wouldn’t budge: “My point is there’s never been a case like this in 75 years.” O’Leary summarized that what Trump was being raked over the coals for by an activist judge with an axe to grind has been “done by every real estate developer everywhere on earth in every city. This has never, ever been prosecuted.”
(Excerpt) Read more at newsbusters.org ...
IF that’s the case Trump should demand a refund on property taxes he overpaid.
Hochul herself may be sending silent messages to the court that
they’d best drop the unprecedented bias or this state is ruined.
Could very well be since public reaction has been
negative.....and pols fear most losing their seats.
Laura explained on the townhall that this NY issue would require legal gymnastics to find a constitutional issue based the 8th Amendment to the Constitution:
“...against imposing excessive bail, excessive fines, or cruel and unusual punishments.”
If there ever was a case that deserved federal intervention, this is it.
Oh, I know that.😁
Just messing around .. even though I Am half serious.😉
I do not get the argument of yeah but he cost NY taxes. If he inflated his assets and they accepted it, wouldn’t they have gotten more taxes? The local assessments set the taxable valuation though which can be appealed.
Inflation has increased my home’s value. Nothing changed and nobody asked me nothing! But now they are asking me for more money because the taxes went up. Can I sue?
Liz wrote:
“
Comments on Cardone story:
<><>As a fixed income stock broker, I have been busy selling NY and NYC tax free and corporate bonds from banks ain insurance portfolio.
<><>bank owner (who owns 15 branches): “Sell every muni bond in our AFS portfolio from NY or NYC despite rating. Put them in winner states.”
<><>yield up with Arkansas school bonds Aa2 rated with state aid withholding insurance and NE road construction bonds.
<><>People are quietly selling and divesting of NY. It will be a bloodbath.
<><>banker mentioned above sent email that bank board is meeting at 0930 est to vote on selling all NY bonds from their HTM account. AFS=Avail. for sale, HTM=hold to maturity. They want OUT of NY.
<><>have your broker check TMC (the muni center) or Bloomberg for open bids on NYC corp. bonds and taxable and tax free muni bonds. They are on sale.
“
This, plus trucker slowdown/nondeliveries, will crush NYC.
Except that cardone took it the other way.
See (h/t mewzilla)
https://freerepublic.com/focus/f-news/4218907/posts?page=2#2
And (h/t liz)
https://freerepublic.com/focus/f-news/4218907/posts?page=25#25
Interesting.
MY QUESTION EXACTLY....
ALSO-—HOW MANY TRUMP EMPLOYEES JOBS ARE AT RISK???
TRUMP ORDERED NOT TO DO BUSINESS THERE FOR 3 YEARS.
IF HE CANNOT HAVE INCOME-—HE CANNOT PAY OUT PAYCHECKS, EITHER
NOT ONE MINUTE TOO SOON.
WHO would have thought TRUMP might be OUR JOHN GALT????
Interesting but I could not get far into the video, as the idiot CNN witch made me sick to my stomach to listen to, to even look at. Transcripts of just O’Leary’s comments would be much more useful.
STANDARDS in schools & many ‘professions’ have been severely lowered.
What about property taxes??
The fact that the NY judge claimed that the assessed value of Mar-a-Lago was the actual market value of the land tells me the judge knows next to nothing about real estate.
"Palatable"? Ew, yech. I think the word you were looking for was "palpable". 😜
When I read the portion of Hochul's speech: "...I think that this is really an extraordinary, unusual circumstance that the law-abiding and rule-following New Yorkers who are business people have nothing to worry about, because they’re very different than Donald Trump and his behavior..."
I took it to mean:
"...I think that this is really an extraordinary, unusual circumstance that the law-abiding and rule-following New Yorkers who are business people have nothing to worry about, because they’re very different than Donald Trump and his behavior...unless the judiciary of the State of New York decides that you are no different than Donald Trump for whatever reason. And that decision is wholly dependent not on who you are or what you do under the law, but who you are and what you are to the judiciary of the State of New York..."
And judging from Cardone's actions and his call to investors to divest from business in New York, I am of the opinion that he saw that situation exactly as I did, which presents an investment risk.
Cardone obviously saw, as we do, that it has gone from "equal under the rule of law" to "equal under the eyes of New York politicians and judges" and sees that capriciousness as something to be avoided at all costs.
Perhaps I misunderstood your post, which is possible.
Perhaps I misunderstood your post, which is possible.
—
we saw it the same just expressed it differently
I don't know for sure but it is estimated he has 22K+ employees in his worldwide businesses. Let's say he has 5K direct NY employees. Their lives will be disrupted if he can't run his businesses and/or has to sell properties. On top of that, there are probably thousands of people working for businesses that service Trump Inc in NYC.
Munis are usually considered to be safe places to park cash.
-PJ
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