Trump biz verdict could trigger mass Corp exodus from New York
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Corporations based in New York could be headed for the exits, after seeing the Trump biz verdict.
New York has already lost >50% of its Fortune 500's, but this verdict could cause many of the rest to leave New York too.
This verdict, sets the tone for a toxic business environment in NY, which the Fortune 500 hates, & fears.
Also, work-from-home means Fortune 500's can hire a workforce that is disbursed geographically, and no longer require large office spaces so common to New York. This trend is already hurting New York City's small businesses that cater to the urban work force.
Office space occupancy is cratering in NYC, & this verdict will amplify that trend.
I predict this verdict will expedite the exodus of big corp jobs leaving New York.
Trump will just move his empire to Florida, like others have already done...and many more will follow suit.
NY Libs have won the battle, but lost the war.
None of that is going to happen.
Donald Trump isn’t New York and he isn’t America. Trump has always been a BS artist and NYC knows it.
An Attorney General should declare someone guilty and then find the crime?
Yes. Joseph Stalin's man Lavrenti Beria famously said: “Show me the man and I’ll show you the crime.” Or whatever Russian equivalent.
For the Left, that is a MORAL imperative. If you want to get rich, and since there is no way to get rich without cheating someone, if you are already rich, that means you must have cheated someone, and if you want to get rich, that means you must want to cheat in the progress. This is how the Left thinks.
New York Executive Law Section 63(12) grants extraordinarily broad powers to the attorney general to go after such misconduct. The law was passed at the urging of one of James’s Republican predecessors, the iconic former Sen. Jacob Javits (R-N.Y.), when he was attorney general. Under the measure, there is no requirement to prove that Trump’s actions damaged anyone — in this case, the banks that lent him money and the insurance companies that covered his property. There’s no requirement to prove that the fraud was intentional, although Trump, a seasoned real estate operator, clearly knew what he was doing.
Material fraud requires physical victims, but not only that, the victims must believe they are victims. Letitia James, under NY laws, have wide latitude to interpret fraud even if no physical victims come forward. Donald Trump inflated the value of his property. Just on that alone, Trump committed a moral crime. So what if no banks were harmed? So what if all the banks involved knew exactly what Trump did?
To say 'could' is one thing, whether if anyone 'would' leave NY is another. But now that there is a guilty verdict on Trump, business owners SHOULD re-think their positions in NY. If a one-percenter like Trump can be brought down based on his politics, yours WILL be next.
Corporations based in New York could be headed for the exits, after seeing the Trump biz verdict.
New York has already lost >50% of its Fortune 500's, but this verdict could cause many of the rest to leave New York too.
This verdict, sets the tone for a toxic business environment in NY, which the Fortune 500 hates, & fears.
Also, work-from-home means Fortune 500's can hire a workforce that is disbursed geographically, and no longer require large office spaces so common to New York. This trend is already hurting New York City's small businesses that cater to the urban work force.
Office space occupancy is cratering in NYC, & this verdict will amplify that trend.
I predict this verdict will expedite the exodus of big corp jobs leaving New York.
Trump will just move his empire to Florida, like others have already done...and many more will follow suit.
NY Libs have won the battle, but lost the war.
You seem to be confusing the physical location of a business's offices with the legal place of incorporation and the location in which the transactions took place. They can be in different states. There's a longstanding tradition of corporations being legally in Delaware but doing business in multiple other states. Any company that does business in New York is subject to New York law, even if it moves its incorporation to Delaware or another state. In order to avoid needing to comply with New York laws, a company would have to completely pull all of its operations out of the state.
On appeal and outside of the creepy, politically-driven show-trial, I strongly suspect the verdict will either be overturned or fizzle-away to nearly nothing.
But the bad taste that many have from this sort of thing is going to have consequences.
It becomes the straw the breaks the camel's back per se. Right now NY is in trouble. Losing middle class and above productive citizens and beingvreplaced by violennt migrant economic parasites. The "chocolate" leaders as Mayor Adams describes it has an anti business and an anti rich attitude to make them pay for all of the handouts in the city..
Because NYC has such a large population, they control the state legislature making it a heavily Democratic state. This verdict shows that if you not a Dem we will go after you and bankrupt you. Supposedly this financial activity is the norm for loans yet no one else was looked at. Even Trump's indescretions were ignored until he became a Republican. Everything was fine when he was using the same financial technique to build properties when he contributed to the Democratic party.
Now that he is a Republican he must be destroyed.
Businesses dont want to be in a political frenzy. It is smarter to move to a cheaper less tolitarian area where you arent thought of as the sugar daddy.
Location: 23.7 million to 162 million miles North of Venus
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Quote:
Originally Posted by FordBronco1967
An Attorney General should declare someone guilty and then find the crime? What was the probable cause that led Attorney General James to investigate the dealings between Mr. Trump and the banks? Which party alleged wrongdoing?
It’s amazing the number of left wingers that support violating Mr. Trump’s civil rights simply because their hatred of the man is so strong. “Innocent until proven guilty, unless we hate you” seems to be the new motto of left wingers…
By the way, I think he’s probably guilty of inflating information on applications. It’s a New York businessman thing. I highly doubt he’s the only one doing it. But that doesn’t mean you can violate someone’s civil rights. Neither party alleged any wrongdoing. There was no probable cause to investigate in the first place. Easiest overturn on appeal ever, in a just society.
There was no probable cause and no party that felt wronged.
She'd let criminals run rampant in the city and she absolutely no interest in doing anything about them. All because she was wanting to spend all of her time combing through everything about Trump just to find something, anything, even if it was nothing but it could be shoehorned into being something.
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"Smartened up and walked away!"
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Valuation of any property can be verified by looking at the city assessments so either the banks didn't do so or those appraisals were in line with the city's records - meaning they were charging Trump taxes on these supposedly false appraisals - can he get the tax money back the city and state took?
It’s interesting, the most expensive home in Florida is currently listed for 245 million at 24k square feet. Mar-a-lago is 62k square feet and some rabid NY judge is trying to say that Trumps home is only worth 18M. These democrats are sickos. But at least they can’t get their grimy slimy hands on Trumps home.
Fortune 500's that had HQ's in New York has fallen from 125 in 1969, to just 47 in 2023.
Work-from-home is killing NYC office occupancy rates, and now this horrendous Trump verdict.
Plus, high taxes, poor business environment, heavily regulated, govt corruption, high cost-of-living, rising crime, homelessness, dangerous subways, bad public schools, illegals everywhere, dangerously low hospital bed per capita...geez, what else can the Libs there destroy?
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What was the probable cause that led Attorney General James to investigate the dealings between Mr. Trump and the banks? Which party alleged wrongdoing? 
