Investors may worry that James could possibly go after other businesses with similar charges just so the Trump charge doesn't look like it's political.
Not MAY worry … they 100% ARE terrified. The communists in NY just announced to the entire business community in NY that they will 100% confiscate your assets if you cross them. It is a function of risk. When the rule of law no longer protects the property rights of investors, it is no less dangerous than investing in communist China, or Dumbfuckistan. Time to relocate those dollars to safer waters.
Wow. I didn’t think of that. I was thinking that developers are smart enough to know it was a political hit. Now I understand there could be more coming to cover their tracks. The scumbags could even be thinking they discovered a new tool for wealth confiscation and redistribution (amongst themselves).
I think you may have hit the nail on the head there fren. NY is not a very friendly business or investor climate.
I also wonder how many of those property investments are linked to imploding Chinese real estate developers and investment schemes? They may want to divest themselves before the house of cards starts to fall. Downtown LA is stuck with a huge Chinese rotten tail development project where the developer went bankrupt - Oceanwide Plaza. The taxpayers are going to end up paying the check for doing something with the eyesore. Chinese real estate development is in a tailspin and it reaches overseas. The decline has been evident for years, so smart investors have been decoupling before they get caught up in the tsunami of defaults and are left holding the bag - especially pension funds that in the past have held a significant share in Chinese equities.
No, it's now known they can prosecute and win for arbitrary and capricious reasons.
a. Enemy of the State? Lawfare, take your assets. This was Trump's "crime."
b. Political cover so they can delude themselves that their lawfare looks even-handed? Sure, that might be a concern.
c. Massive drop in tax revenues because dirty developers are extracting their assets from NY State/City? Make up charges so you can seize the assets before they depart.
Anything is on the table. Once a government loses its principles and becomes a petty dictatorship, even a "democratically elected" dictatorship, then no one is safe. Not even the ass-kissers.
Investors may worry that James could possibly go after other businesses with similar charges just so the Trump charge doesn't look like it's political.
Not MAY worry … they 100% ARE terrified. The communists in NY just announced to the entire business community in NY that they will 100% confiscate your assets if you cross them. It is a function of risk. When the rule of law no longer protects the property rights of investors, it is no less dangerous than investing in communist China, or Dumbfuckistan. Time to relocate those dollars to safer waters.
hehe “Dumbfuckistan” Updoots for that :)
That's an insult to all Fuckistanis!
they could invest in BumFuckEgypt!!!
Wow. I didn’t think of that. I was thinking that developers are smart enough to know it was a political hit. Now I understand there could be more coming to cover their tracks. The scumbags could even be thinking they discovered a new tool for wealth confiscation and redistribution (amongst themselves).
EXACTLY!!! OVER THE TARGET!!!!
💯
I think you may have hit the nail on the head there fren. NY is not a very friendly business or investor climate.
I also wonder how many of those property investments are linked to imploding Chinese real estate developers and investment schemes? They may want to divest themselves before the house of cards starts to fall. Downtown LA is stuck with a huge Chinese rotten tail development project where the developer went bankrupt - Oceanwide Plaza. The taxpayers are going to end up paying the check for doing something with the eyesore. Chinese real estate development is in a tailspin and it reaches overseas. The decline has been evident for years, so smart investors have been decoupling before they get caught up in the tsunami of defaults and are left holding the bag - especially pension funds that in the past have held a significant share in Chinese equities.
No, it's now known they can prosecute and win for arbitrary and capricious reasons.
a. Enemy of the State? Lawfare, take your assets. This was Trump's "crime."
b. Political cover so they can delude themselves that their lawfare looks even-handed? Sure, that might be a concern.
c. Massive drop in tax revenues because dirty developers are extracting their assets from NY State/City? Make up charges so you can seize the assets before they depart.
Anything is on the table. Once a government loses its principles and becomes a petty dictatorship, even a "democratically elected" dictatorship, then no one is safe. Not even the ass-kissers.
Definitely a good point too. They may over compensate trying to gaslight people into believing it is not political.