Friday, March 29, 2024
Broke-N
We gave the Ukraine over 100 Billion Dollars fueling an unnecessary war, and here is one hit and the whole bridge is out, the whole port is out for months to come. Is it time to focus on peace than war?
Thursday, March 28, 2024
On-Duty..
An on-duty NYPD officer was shot and killed while conducting a vehicle stop in Queens on Monday.
The wounded officer, Jonathan Diller, was rushed to Jamaica Hospital in critical condition, and later died.
Wind Fall..
Truth Social owner Trump Media & Technology Group has finalized its deal to go public, creating a massive windfall for former President Donald Trump that doubles his net worth.
Bloomberg estimated Trump's net worth spiked by $4 billion on Monday alone, giving him a fortune of $6.5 billion. The closing of the merger between Trump Media and Digital World Acquisition Corp. amounts to a multi-billion dollar windfall for Trump, who is the chairman and dominant shareholder of the new company.
Boxed in..
The action taken by AG Latitia James, against Trump, may have a terrible effect on the tax payer money.
The action turned Trump into a special case where no-one wants to get involved. Insurance companies/Banks avoided providing Trump a letter of credit when they may become the target of the attorney general, or worse, having to try to collect from Trump’s illiquid properties. If she moved to confiscate his properties.
The properties have mortgages. A transfer of title of the properties would probably trigger the due on sale clause, i.e., the mortgage would have to be paid off. That means the NY taxpayers would have to pay up!
Worse, if NY state didn’t pay up, it would likely create a nationwide banking or insurance company crisis. The lenders on the properties may have made loans to dozens of other banks or insurance companies, which means any losses incurred may spread throughout the banking or insurance industry in the U.S.
So, what is this all this about? Just a thoght.
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