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Major investors pull business from New York City following Trump verdict
Posted on 2/22/24 at 7:45 pm
Posted on 2/22/24 at 7:45 pm
Washington Examiner
Prominent investors have signaled their intent to halt their business in New York following the $355 million verdict in former President Donald Trump’s civil fraud case.
Real estate mogul Grant Cardone announced on Tuesday that his firm Cardone Capital would no longer underwrite New York real estate, one day after Shark Tank star Kevin O’Leary vowed to no longer invest in the state as a result of the verdict.
“Immediately discontinue ALL underwriting on New York City real estate,” Cardone ordered his firm in a post on X. “The risk outweigh the opportunities at this time. Recent political decisions will continue to deteriorate price and benefit states that don’t have these challenges. Focus on Texas & Florida.”
Prominent investors have signaled their intent to halt their business in New York following the $355 million verdict in former President Donald Trump’s civil fraud case.
Real estate mogul Grant Cardone announced on Tuesday that his firm Cardone Capital would no longer underwrite New York real estate, one day after Shark Tank star Kevin O’Leary vowed to no longer invest in the state as a result of the verdict.
“Immediately discontinue ALL underwriting on New York City real estate,” Cardone ordered his firm in a post on X. “The risk outweigh the opportunities at this time. Recent political decisions will continue to deteriorate price and benefit states that don’t have these challenges. Focus on Texas & Florida.”
20
Posted on 2/22/24 at 7:48 pm to thebigmuffaletta
Posted on 2/22/24 at 7:48 pm to thebigmuffaletta
quote:
“Immediately discontinue ALL underwriting on New York City real estate,” Cardone ordered his firm in a post on X. “The risk outweigh the opportunities at this time. Recent political decisions will continue to deteriorate price and benefit states that don’t have these challenges. Focus on Texas & Florida.”
This is the way.
Posted on 2/22/24 at 7:50 pm to thebigmuffaletta
Posted on 2/22/24 at 7:51 pm to thebigmuffaletta
Posted on 2/22/24 at 7:54 pm to thebigmuffaletta
The problem with socialism is when you run out of the other guys money. Good job running out the people that create and build wealth.
New York State of Mind.
New York State of Mind.
Posted on 2/22/24 at 7:56 pm to thebigmuffaletta
quote:
Grant Cardone
From Lake Charles, baw!
Posted on 2/22/24 at 7:57 pm to thebigmuffaletta
Hit these assholes where it hurts.
Posted on 2/22/24 at 7:58 pm to jrobic4
Can you imagine the hell hole that place is about to decend into… It was already pretty bad, but you’ll have to be Snake Pliskin to get out fairly soon
This post was edited on 2/22/24 at 7:59 pm
Posted on 2/22/24 at 8:06 pm to Speckhunter2012
quote:
This is the way.
Posted on 2/22/24 at 8:16 pm to CamdenTiger
quote:
Can you imagine the hell hole that place is about to decend into… It was already pretty bad, but you’ll have to be Snake Pliskin to get out fairly soon
It's amazing how prescient science fiction movies often are.
Posted on 2/22/24 at 8:20 pm to thebigmuffaletta
Anybody here who has bank deposits at banks in NYC should pull the plug soon.
JP Morgan Chase
Mellon
Citibank
Dean Witter
Merril Lynch
Oppenheimer.
JP Morgan Chase
Mellon
Citibank
Dean Witter
Merril Lynch
Oppenheimer.
Posted on 2/22/24 at 8:22 pm to thebigmuffaletta
Finance is a hyper mobile industry, but one of the things it does require is a culture of law and order, with predictable outcomes. NYC was our finance capital, because of the Dutch, and their very business friendly culture. NYC doesn't have to be the centre of finance in the US. It could be somewhere else.
This post was edited on 2/22/24 at 8:42 pm
Posted on 2/22/24 at 8:24 pm to jrobic4
quote:
From Lake Charles, baw!
Any relation to Phone Cardone?
Posted on 2/22/24 at 8:26 pm to BuckyCheese
Mate I'll be waiting with a coat for you as soon as you are ready to be MAGA
Posted on 2/22/24 at 8:26 pm to thebigmuffaletta
Posted on 2/22/24 at 8:28 pm to thebigmuffaletta
quote:
Major investors pull business from New York City following Trump verdict
The list I seen floating around had trillions of dollars worth of real estate & investment companies seriously contemplating pulling the plug
& as I noted last night in the other thread is that there must be serious concern since the governor and others have immediately come out numerous times now saying not to worry
Now is a really good time for other mayors and governors in red states to recruit
Posted on 2/22/24 at 8:30 pm to Bobby OG Johnson
Do you think they really care? Nobody else is going to be persecuted like Trump.
Posted on 2/22/24 at 8:30 pm to thebigmuffaletta
Cardone and O’Leary lol. Oh no how will NYC ever recover
Posted on 2/22/24 at 8:32 pm to Lima Whiskey
quote:
NYC doesn't have to be the centre of finance in the US. It could be somewhere else.
Time for New Orleans to make their move!
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