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 ...
I visited Texas recently, and I love it!
Frankly, I am thinking about relocating.
Dallas is how all America should be.
Extremally progressive (in proper sense of this world, not highjacked by backward communists) economically. This place is just booming, covered by high rises, great restaurants, shops and amusement facilities everywhere! Jobs plentiful, companies starting up and moving there!
Everything is huge there.
On the other hand, very conservative socially - there are many huge churches, all filled up to brim. I advise you to go to Church early there, or you will have problem finding parking and you may end up standing.
It is actually getting expensive there, and it is not that tax haven (the property taxes and freeway tools will take tool on your budget!)
But, it is America at its best, just the America all foreigners are dreaming of.
Why Texas?
Because it’s beyond the reach of the left-wing activist Federal prosecutors of the Southern District of New York.
“Why Texas?
Because it’s NOT New York City.”
But it will be when the people who work in the financial sector in NYC move to Texas.
This is also a ramification of the politicized fraud trial against President Trump.
Lots of businesses want nothing to do with New York after this. Not to mention the political persecution of the NRA and the firearms industry.
Anyone making long term investments wants to do so without having to worry about the political winds changing and suddenly having to face a persecution for doing something the leftards suddenly decide not to like.
Blackrock only interested in ephemeral green.
I don’t quite understand why they would need to come to any particular place to do business. It’s pretty much all done on computers and documents. I expect they move to Texas in order to avoid the socialist, Marxists, corrupt politicians, and judges, voters, etc. of New York.
I won’t change the New York Stock Exchange one bit & let it be an example of the faltering New York State & even a better example why there’s competition.
DEI + CRT + ESG vs Texas? Who will win?
They want to turn Texas blue. That’s why they’re moving there.
ANOTHER REASON FOR TEXAS TO SECEDE
CANNOT WAIT TO SEE THIS HAPPEN.
You don’t always get to choose your new neighbors. But let’s face it, anyone headquartered in New York only needs the daily news to know what’s coming.
They are on the inside of all that is wrong with NY, not outsiders. They ARE “the socialist, Marxists, corrupt politicians, and (own the) judges, voters, etc. of New York”. They aren’t coming because they want to be part of Texas, they want to TAKE part of Texas, and get status in the leftist power circles. DEI is changing its name and tactics, like ACORN did.
This is a preemptive march through the institutions: found a Texas exchange first and you don’t have to do a hostile takeover of one someone founds so we don’t need them.
By the way, folks, this does not mean they (Blackrock et al) are leaving New York or shutting down their NY banks or the NYSE, they are just trying to head off Texans getting uppity. Like when Texas (Paxton iirc) refused to do bond placements through New York Banks who demanded DEI, debanked conservatives who speak up, reported people who buy firearms to the Deep State functionaries, etc. The “Empire State” wants to do what empires do, colonize.
“I don’t quite understand why they would need to come to any particular place to do business.”
TAXES!
Houston, San Antonio, Austin, and Dallas comprise the core of the TX liberal “democracy,” with the Rio Grande area as gravy. How much longer can Lubbock, Longview, Tyler, Midland, and maybe Fort Worth hold the Republican line?
Not long. San Antonio is doubling its highway system. Double dickering the whole thing. Second layer for blue Californians with no clue that they run California not the government they allow to be in charge. They’ll do the same to Texas. I see no signs otgerwise
The absolute wimpiness in Austin with the way republicans allow democrat minority to run things, to lawfare Ken Paxton,no. Texas will go blue.
Double decker
Dallas is full of liberals.
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