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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Calls Top Blue State Official 'Scum' In Rambling Meltdown
The president is incensed that New York AG Letitia James is still in office.President Donald Trump took to Truth Social to post a lengthy diatribe about one of his biggest political enemies, New York Attorney General Letitia James, calling her scum and demanding she be removed from office.
In a Saturday afternoon rant, the president wrote, Corrupt Letitia James is costing New York State Hundreds of Billions of Dollars in lost business. No company or individual wants to be there, knowing that shes the Attorney General. She is a Complete and Total Disaster, who tried running against Kathy Hochul for Governor, and only got 1% of the Vote in Polls, and QUIT.
Talking about himself in the third person, he continued, She then went back to her WITCH HUNT against President Donald J. Trump, and others. Until this SCUM is removed from the Attorney Generals Office, no company will move to New York, and few companies will be using the New York Stock Exchange, or NASDAQ, for going Public.
The new Texas Exchange will be taking ALL of this business away, and were talking Hundreds of Billions of Dollars! he added, referring to the new Texas Stock Exchange set to be headquartered in Dallas that was approved by the SEC on Tuesday.
https://www.thedailybeast.com/donald-trump-calls-top-blue-state-official-letitia-james-scum-in-rambling-meltdown/

ananda
(33,553 posts)That is really creepy.
johnnyfins
(3,050 posts)SPLIT along ideological lines. I am now convinced after this new exchange news. There is NOTHING that these Nazi fucks won't go after and destroy. TSF, at this point, is just a lightning rod.
ananda
(33,553 posts)I just don't have the financial knowledge to be able
to describe how this exchange will work, exactly
johnnyfins
(3,050 posts)It comes down to where companies will go public. Theres no law that says they have to list on the NYSE. Even if there was, these clowns will rewrite it. So, rightwing led companies will list in Dallas. More division, more separation, more chaos. I apologize if I sound pessimistic, but what could make me hopeful?
johnnyfins
(3,050 posts)Weight of the US Government behind the new exchange. That means a shit ton of money and SEC pressure on NY and NOT Texas. Companies will have to go to Texas to protect "Shareholder Value". This is a fucking DISASTER.
ananda
(33,553 posts)Last edited Sun Oct 5, 2025, 09:22 AM - Edit history (1)
what's not clear is exactly what's going to happen to money per se.
Will the NYSE remain viable? Will the Nasdaq remain viable?
Will crypto be a factor and how?
Will it be used as leverage to get people to leave NY for Dallas?
Those are my questions.
Klarkashton
(4,274 posts)Blues Heron
(7,746 posts)struggle4progress
(124,827 posts)sakabatou
(45,392 posts)
3catwoman3
(27,909 posts)..to exact revenge on everyone who doesn't kiss his ass.
While it's sad that he had a shitty childhood/upbringing, plenty of people have crappy families and don't grow up to be horrible adults. He makes me believe in the idea of the "bad seed."
eppur_se_muova
(40,285 posts)You know that regulatory oversight is not their forte. That's **WHY** RW businesses will open there. They'll shit up the whole works, leave an Enron-sized tangle of paperwork that can never be unraveled, demand a Federal bailout, and retire to their private islands. Then delete as much from the public record as possible, and the next cohort of grifters will start over again with the new crop of marks.
At least Turnip will finally get something REALLY big named after him -- "The Trump Depression -- the Greatest Depression ever !!"
DFW
(59,120 posts)I hope that because I hope that most major companies that have any sense at all will stay with the NYSE (or NASDAQ, or whatever), and not opt to go to a place governed by the likes of Greg Abbott. A place with a State Government as corrupt as Republican Texas will not be as inviting to legitimate companies, who depend on serious, competent and vigilant oversight for the exchange where their shares are traded. Therefore if Enron-like companies, who offer what Belmondo called in one of his films "une belle envelope avec rien dedans (a pretty envelope with nothing inside) " are allowed to sell their shares on the Dallas exchange, go ahead. When they collapse, and their exchange oversight tells shareholders, "too bad, better luck next time," see how many companies will rush to be traded there. What will be their flagship stock? My Pillow?
oasis
(53,020 posts)key players.
tblue37
(67,304 posts)such name calling.
Xolodno
(7,198 posts)Most large ones are incorporated in Delaware and most of the financial capital is in New York, Chicago, San Francisco and Los Angeles.
Bad infrastructure, adverse politicians, lousy weather, etc. doesn't make it appealing. Not to mention, all the best finance universities are on the coasts.
Remember, Disney was going to move a lot of its operations to Florida until the state government made them a target. Developers were building housing, stores and restaurants...they took a loss.
It wasn't that long ago Kansas went full trickle down thinking it would bring in more companies. Instead, they started leaving.