Wednesday, March 20, 2024

The Inside Scoop From John Barron

Great stuff.

A third possibility, however, is to let the deadline pass, leaving it to New York Attorney General Letitia James to seize Trump’s bank accounts or buildings — including Trump Tower, from which he declared his 2016 presidential run, and which famously includes his personal penthouse.

...

Sources friendly with Trump say the ex-president believes he has a strong case. Among other considerations, if the decision is not overturned, “it will have a chilling effect on people who do business in New York because it could happen to anyone,” according to one insider.

“There will be severe consequences — not an insurrection. People will stop doing business in New York. No one will take the risk, and lenders are now spooked. The real estate market is already a disaster, with office buildings worth a fraction of what they were once worth, and there are metastasizing effects when a large part of the city’s budget is from real estate.”
That's fascinating, Dona..., I mean, John.